Principles of Economics: Macroeconomics
ECON XL 2
This course introduces the principles of economic analysis, economic institutions, and issues of economic policy, emphasizing the determination of key macro-economic variables using simple models and concepts.
What you can learn.
- Discover how to interpret macroeconomic variables in the context of the business cycle
- Learn the role of fiscal and monetary policy on influencing macroeconomic outcomes
- Explore the logic and methodology economists use to understand human behavior
- Use graphs as a tool to demonstrate economic relationships
- Learn how macroeconomic variables are determined and how they direct economic activity
- Be able to analyze the possible outcomes of government influence on the economy
- Be able to identify critique economic fallacies
About this course:
This introduction to the principles of economic analysis, economic institutions, and issues of economic policy emphasizes the determination of key macroeconomic variables using simple models and concepts. Instruction covers the definition of gross domestic product, inflation, interest rates, and exchange rates. Students are exposed to relevant world issues, such as the causes and consequences of economic growth, unemployment, inflation, and public and trade deficits. Cross-country comparisons enable students to understand the disparities in economic conditions between developing and developed countries. The course concludes with the study of short-run economic fluctuations. Transferable for UC credit.