Course Description:
The goal of this course is to provide the student with a thorough understanding of the behavior of the economy and the likely effects of government stabilization policies on economic aggregate variables. Models that would determine aggregate output, interest rates, prices, inflation, and other aggregate variables such as fiscal and trade surpluses and deficits will be studied. Upon completion of the course, the student will be able to analyze conflicting views of business cycles, stabilization policy, and inflation-unemployment trade-offs.
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