MMD 244E - Macroeconomics

Course Objectives

This course aims to develop an understanding of fundamental aggregate macroeconomic variables and concepts such as national income, growth, productivity, unemployment, inflation and economic fluctuations. We look at how these macro variables are defined and measured; identify the basic observed trends in related macro data; explore their causes and effects; and explore how they relate to each other and their relevance to economic policymaking. 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

Course Description

This course aims to develop an understanding of fundamental aggregate macroeconomic variables and concepts such as national income, growth, productivity, unemployment, inflation and economic fluctuations. We look at how these macro variables are defined and measured; identify the basic observed trends in related macro data; explore their causes and effects; and explore how they relate to each other and their relevance to economic policymaking. 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