Economics
Approved course information last updated: 1 year, 7 months ago
Pre-requisites: ECON 230 ELU 126
Requisite To: ECON 451 ECON 470
Lab Session:
This course expands on the principles of macroeconomics course and exposes students to the analysis of macroeconomic problems at the intermediate level. part of this course focuses on analyzing economic fluctuations in the short run. students will learn about business cycles and their prevention using short-run macroeconomic models that range from the is-lm model, to monetary and fiscal policies, and a dynamic framework of the as-ad model with short-run shocks. In addition, students will explore the determinants of the long-term trends of the economy as a whole such as productivity and economic growth. Moreover, this course covers theories of long-run economic growth such as the solow growth model, romer's model of endogenous growth theory, and other alternative theories.
- Clo1. describe how output, unemployment, inflation, exchange rates, and interest rates affect economic
- Performance in the short-run and long-run.
- Clo2. analyze the macroeconomy in the short-run using the is-lm model, ad-as model, and the philips
- Curve.
- Clo3. analyze the macroeconomy in the long-run using the ad-as model, the solow growth model and
- Endogenous growth models.
- Clo4. analyze the sources of economic growth, the determinants of the standard of living, and the growth
- Of productivity in a theoretical framework.
- Clo5. apply mathematical and graphical tools to evaluate macroeconomic problems and policies using
- Short-run and long-run macroeconomic models.