EC-312 Intermediate Macro Theory
This course covers the neoclassical and Keynesian models of aggregate economic activity. Coverage of the measurement of economic variables, such as aggregate income, the inflation rate, and the unemployment rate. Examines the behavior of the economy under conditions of price flexibility in the long run and price rigidity in the short run under rational and adaptive expectations. Analysis of the effect of changes in taxes and government expenditures, monetary policy, and deficits on the economy. Coverage of the sources of economic growth. Required of all majors in Economics. Normally offered every semester.
Prerequisite
EC 101 (or EC-103) and
EC-102