ECON2020

This course introduces students to basic macroeconomic principles and core macroeconomic theories. Students will engage in critical thinking about the economy using formal tools such as algebraic and statistical models. By the end of this course, students will be able to: explain essential macroeconomic principles, main macroeconomic concerns and know how to calculate basic macroeconomic indicators; explain the principles that underlie the workings of the goods market, the money market, and the labor market in a modern economy; analyze the mechanism and channels through which fiscal and monetary policies affect the macroeconomy; evaluate and synthesize current economic debates on macroeconomic policy; and use simple macroeconomic models to analyze an economy and to derive the effects of shocks on output, employment, and the price level.