ECO 301 Intermediate Macroeconomics

3 Credit(s)

Analysis of the status and performance of the U.S. economy. A discussion of the issues that affect the open economy, such as unemployment, inflation and growth, and policies (monetary, fiscal, international and structural) that the government may employ to affect the performance of the open economy both domestically and in its interactions with the global economy. Analysis of various aggregate demand and supply models. Comparison of Classical, Keynesian, Neo-Keynesian macroeconomics models. Emphasis is on static and comparative static analysis of employment, production, and the general price level. The influence of political, social, legal, environmental, global, and technological issues are discussed in the process of presenting applications of macroeconomic theories. Oral discussion, quantitative analysis, reading a current financial newspaper, computer usage and Internet research are encouraged. Three lecture hours per week. Required of all Economics majors-Junior year. Elective for Economics minors. Division III elective for all other majors. Prerequisite: ECO 201.