General description
This course enables the student to acquire some of the basic skills of macroeconomic analysis. The student is expected to learn how to calculate and interpret some important macroeconomic aggregate indicators, as well as analyze the relations among these quantities. Students will use these basics in building simple equilibrium models, and use them by means of comparative statics analysis. Students are expected to use some common models in analyzing economic policies and doing comparisons of several alternatives. Students will also study the problems of inflation and unemployment using aggregate demand and aggregate supply analysis under a variety of assumptions. This course also discusses the causes and effects of inflation and unemployment, and discusses economic growth.