|This course is designed to introduce students to macroeconomics: the aggregate behavior of individuals, households, and firms. In particular, what determines business cycles, unemployment, long-run growth, inflation, interest rates. This course will build a unified framework to understand these issues and to study the impact of government policies on the aggregate behavior of individuals. We will also briefly discuss the effects of macroeconomic phenomenon for differences across individuals with an emphasis on inequality, sectoral unemployment, and firms' price-setting behavior.|
|Abel and Bernanke, Macroeconomics. There will also be a CoursePack with supplementary readings and occasional handouts from the popular press. In addition, The Economist or an equivalent source of current economic news is highly recommended.|
|Based on quizzes, a midterm and a final exam.|
|Business 33001 or its equivalent.
Description and/or course criteria last updated: 06/2012
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