ECOA 2001

This course extends the Principles of Macroeconomics course to the intermediate level. Short-term, or business-cycle, macroeconomics is progressed from the introductory Keynesian income determination model to the IS-LM model, and then to the Aggregate Demand/Aggregate Supply model. The long-term macroeconomic content advances the introductory economic growth model in considering the relative importance of the factors determining the overall rate of economic growth. Throughout the course macroeconomic theory is related to macroeconomic policy goals, stabilizing the economy in the short term and promoting improvement in economic well-being in the long term.