Prerequisites: ECON1132 and MATH1100
This course introduces undergraduate students to macroeconomic theory. It provides the analytical foundation and essential tools for understanding the mechanisms underlying the (macro-) economy and for evaluating policy debates. Building on the theory of modern macroeconomics, this course discusses the possibilities and the limitations of macroeconomic policy in dealing with business cycles, unemployment, inflation, and growth, in particular in the context of the challenges stemming from the recent financial crises and of a sustainable economic development.
Time and Location
Tuesday, September 2nd: First class
Learning Management System
Lecture notes, problem sets (with answer keys!), and practice exams (with solutions!) are available on Canvas. Further, it contains a "library" of recent documents and press releases (e.g. from the Federal Reserve) that we discuss in class. Also, you will find there a tool that solves any IS/LM or AS/AD model for you - use it to get a feel for how our model works, or to create practice exam questions yourself.
Research at Boston College
Federal Reserve System
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