Principles of Economics: Macroeconomics

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.