EFN 202E - Intermediate Macroeconomics

Course Objectives

This course is an intermediate macroeconomics course designed to teach you the models for analyzing the macroeconomic concepts such as growth, investment, business cycles, inflation, unemployment etc.

Course Description

This course explores aggregate economic variables such as national income, growth, unemployment, inflation, savings, investment, productivity, and economic fluctuations. We look at how these macro variables are defined and measured; identify their observed trends in time-series and cross-section data; explore their causes and effects. The lectures will develop an analytical framework showing how these macroeconomic variables relate to one another 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 phenomena, by exploring international trade, capital flows, exchange rates, the balance of payments, and economic fluctuations in a globalized economy. Considering the relationship between economic growth and human development and social and environmental sustainability will be a cross-cutting theme throughout the course.