ECON 402 - Intermediate Macroeconomic Analysis

Description:
Analysis and measurement of U.S. national income and product accounts; determinants of income, employment and prices under the Classical and Keynesian systems; problems of inflation, economic growth and stabilization policy.

Prerequisites:
Prerequisite: ECON 202.

Credits: (5)

Learner Outcomes:
Upon successful completion of this course, the student will be able to:

Demonstrate the income-expenditure and IS-LM models; theories of consumption; investment and economic growth; expectations and economic policy in an open economy.
Use macroeconomic models to interpret policy problems and questions.
Know of the main contributions of the leading school of macroeconomic thought, as well as areas of agreement and remaining controversy.
Demonstrate the structure and use of macroeconomic models; they will evaluate alternative economic models using both economic theory and empirical results.

Learner Outcomes Approval Date:
1/18/07

Anticipated Course Offering Terms and Locations: