COURSE DESCRIPTION
The course of Principles of Macroeconomics studies aggregate variables like inflation rate, unemployment rates, economic rate of growth and price level in the context of a national economy. The course is designed to help the student to understand how a national economy works, how the macroeconomic variables interact and how some of them behave in the short run versus the long run. The impact of the variables on the outcomes of a nation’s income will be presented, as well as the way they can be used to implement economic policies.
COURSE OBJECTIVES
The student who successfully completes the course will have a good understanding of Macroeconomic concepts. Specifically, s/he will acquire the following skills:
• Use appropriately the macroeconomic concepts.
• Analyze the behavior and interaction of aggregate variables.
• Explain and analyze how macroeconomic variables impact the economic outcomes.
• Understand the macroeconomic environment around them.
• Understand and analyze economic policies implemented at a national level.
• Explain macroeconomic variable behavior in the short and in the long run
• Analyze the tradeoff between inflation and unemployment in the short run.
The course of Principles of Macroeconomics studies aggregate variables like inflation rate, unemployment rates, economic rate of growth and price level in the context of a national economy. The course is designed to help the student to understand how a national economy works, how the macroeconomic variables interact and how some of them behave in the short run versus the long run. The impact of the variables on the outcomes of a nation’s income will be presented, as well as the way they can be used to implement economic policies.
COURSE OBJECTIVES
The student who successfully completes the course will have a good understanding of Macroeconomic concepts. Specifically, s/he will acquire the following skills:
• Use appropriately the macroeconomic concepts.
• Analyze the behavior and interaction of aggregate variables.
• Explain and analyze how macroeconomic variables impact the economic outcomes.
• Understand the macroeconomic environment around them.
• Understand and analyze economic policies implemented at a national level.
• Explain macroeconomic variable behavior in the short and in the long run
• Analyze the tradeoff between inflation and unemployment in the short run.
- Teacher: Sabas, Lucile
