Course overview
This course provides tools for and deeper understanding of macroeconomic issues and the behaviour of the economy as a whole. It builds on Principles of Economics to provide additional breadth and depth for those intending to pursue macroeconomic fields in subsequent courses. Macroeconomists develop theories and test these theories with economic data in order to aid policymakers think through the construction and implementation of economic policies to promote economic growth, stable price inflation and employment as well as high levels of employment and other measures of economic well-being. This knowledge works towards achieving efficient use of economic resources as well as equitable distribution of wealth. The aim of this course is to develop tools that can be applied when dealing with real-world macroeconomic issues. This course provides tools for and deeper understanding of macroeconomic issues and the behaviour of the economy as a whole. It builds on Principles of Economics to provide additional breadth and depth for those intending to pursue macroeconomic fields in subsequent courses. Macroeconomists develop theories and test these theories with economic data in order to aid policymakers think through the construction and implementation of economic policies to promote economic growth, stable price inflation and employment as well as high levels of employment and other measures of economic well-being. This knowledge works towards achieving efficient use of economic resources as well as equitable distribution of wealth. The aim of this course is to develop tools that can be applied when dealing with real-world macroeconomic issues.
- The Long-Run
- The Short-Run (Supply)
- The Short-Run (Demand)
- The Short-Run (Putting It All Together)
Course learning outcomes
- Relate core macroeconomic theory and principles to current macroeconomic issues
- Apply core macroeconomic theory to analyse macroeconomic policies
- Present arguments while viewing the world through straightforward, internally consistent economic models
- Articulate the benefits and the caveats of an argument that is relies specific economic theory