PAZ 231 - Macroeconomics

Course Objectives

The aim of this course is to develop an understanding of fundamental aggregate macroeconomic variables and concepts such as national income, growth, productivity, unemployment, inflation and economic fluctuations.

Course Description

This course look at how these macro variables are defined and measured; identify the basic observed trends in related macro data; explore their causes and effects; explore how they relate to each other and their relevance to economic policy making. The latter half of the course will focus on the implications of an open economy context for these macroeconomic variables, through exploration of international trade, capital flows, exchange rates and balance of payments.