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B BUS 221: Principles of Macroeconomics |
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Catalog description: Analysis of the aggregate economy: national income, inflation, business fluctuations, unemployment, monetary system, federal budget, international trade and finance. Prerequisite: BIS 200, B BUS 220 or B CUSP 200. Offered: jointly with BIS 201;
The following additional information can differ from one course to another, based on instructor’s choice:
What we cover: This course introduces students to the fundamental concepts of macroeconomics, the study of the aggregate economy. It looks at key variables such as GDP, inflation, unemployment, and interest rates to explain both the current state of the aggregate economy as well as movements and fluctuations in the economy. Macroeconomists examine such issues as income disparity between countries, the effects of tax cuts and budget deficits, why prices are volatile during some periods and stable during others, why we observe periods of high and low unemployment, and what role (if any) the government and central bank have on the economy.
Course Objectives: The objective of this course is to familiarize you with the macroeconomics vocabulary, to investigate a variety of macroeconomic issues such as unemployment, inflation, GDP, and shocks to aggregate economic activity, and to use theories and models that will help you understand and evaluate the potential and the limits of the monetary and fiscal policies. |
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