MGMT 5240 - Macroeconomic Theory

Fall. 1.5 credits. Letter grades only (no audit).

S. Kalantzi.

The course introduces basic concepts and tools from macroeconomic theory, and discusses their application. Topics covered include, among others, economic growth, expansions and recessions, monetary and fiscal policies, GDP, inflation, unemployment, the public debt, interest rates, the trade deficit, and global markets. Although focusing on the U.S.—currently the world’s largest national economy—and paying special attention to its institutions and problems, the course will emphasize the global context in which it functions by periodically shifting attention to other economies around the world. Globalization-related issues such as international financial markets and international trade will be given special attention.