EC-102 Global Macroeconomics
This course examines the workings of the national and the global economy. It measures, and describes the determination of, Gross Domestic Product, unemployment, inflation, and economic growth. It analyzes the determination of the country's exchange rate, balance of payments, and international borrowing and lending. A particular focus is on understanding economic fluctuations (booms, busts, and recessions) in the domestic economy and their effects on other economies. It examines the role of the government and the effects of government spending and taxation on the economy. Furthermore, it describes and analyzes the determination of the quantity of money and interest rates in the economy and the role of the country's central bank. It examines the basis and pattern of international trade and the effects of a country's trade policy on the economy.
Prerequisite
Non-CAS majors need to have completed at least 15 credits