ECON 1103

(3 credits) 3 hours lecture, 1 hour lab This course will acquaint students with introductory macroeconomic principles and issues, including key macro variables, and two important short run models of income determination, namely the Keynesian model and the AS/AD model. The course also examines the monetary system, interest rates and the monetary transmission mechanism, business cycles, fiscal and monetary policies, international trade, exchange rates and the balance of payments.