EC 301 - Intermediate Macroeconomic Theory

(3.00 cr.)

Building on the concepts and tools of EC 102 and EC 103, this course analyzes the economy-wide forces, policies, and institutions that directly determine or otherwise influence long-term economic trends and short-term fluctuations, and business cycles. Students learn the central lessons of contemporary macroeconomics, gain confidence in their ability to mathematically model and discuss economic policies in professional settings, and acquire the skills needed to begin macroeconometric studies. Topics include the key ideas of Nobel Prize winners, national income and product accounting, balance of payments, unemployment, employment, labor force participation, international trade and finance, monetary fiscal policies, facts and theories of long-term economic growth, facts and theories of business cycles, the powerful role of expectations and policy credibility, and modern electronic connections among all types of international markets. Course requirements include conducting original analysis applying the concepts learned in this course to a specific area of macroeconomics, which is presented in the form of a research paper.

 

Prerequisite: EC 102 ; EC 103 ; MA 151  or MA 251 .
Restrictions: Restricted to sophomores, juniors, or seniors.

Sessions Typically Offered: Fall/Spring
Years Typically Offered: Annually