This course provides an overview of macroeconomic theory and the role and effects of governmental macroeconomic policy. We apply these ideas to understand some of the current debates about the US macroeconomy, such as the impact of the COVID-19 pandemic and the causes of and possible policy responses to inflation. We discuss different and competing theories, try to understand what is at stake in the debate between rival schools of thought, and examine data to evaluate their relative merits. The first half of the course studies the long-run behavior of the macroeconomy (such as gross domestic product [GDP] and its growth, inflation, the role of labor and capital markets, and the open economy). The second half of the course studies business cycle fluctuations in general and the policy responses to the COVID-19 pandemic and high inflation in particular.
Registration Closes: June 20, 2024
Credits: 4
View Tuition Information Term
Summer Term 2024
Part of Term
Full Term
Format
Flexible Attendance Web Conference
Credit Status
Graduate, Noncredit, Undergraduate
Section Status
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