The first-year Principles of Economics course provides a broad overview of macroeconomics. In this course, the aim is to delve into this topic in more depth. Macroeconomics is concerned with the behavior of the economy as a whole. In particular, it addresses major issues that affect our day-to-day work. As macroeconomists, we want to know why some countries grow faster than others, why some countries experience high inflation while others have stable prices, and why all countries experience recessions and prosperity. Additionally, we wondered whether government policy would have an impact on these factors. The purpose of this course is to provide the tools to gain a deeper understanding of these issues. This course is designed to start with a first-year Principles of Economics course and provide a smooth transition for those intending to study macroeconomics in later years.
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Basic information of the second course
Three Learning Outcomes
- Relate basic macroeconomic theory and principles to current macroeconomic issues.
- Apply macroeconomic fundamentals to analyze macroeconomic policy.
- Make an argument while seeing the world through a simple, internally consistent economic model
- Articulate the benefits and caveats of an argument that relies on a particular economic theory