ECON 3012

Utilization of economic principles to study the determination of income, consumption, investment, employment, price level, and how government policies impact them. Topics include the measurement of unemployment, income, and inflation; theories of economic growth; basic analysis of business-cycle fluctuations of two main macroeconomic models (the flexible-price macroeconomics and the fixed-price macroeconomics); and the effect of fiscal and monetary policies on the economy. Prerequisite(s): Economics 1012