Courses: Intermediate Macroeconomic Analysis (ECONH302B01)
Analysis of the behavior of aggregate economic variables such as GDP, inflation, unemployment, interest rates, and the budget and trade deficits. Structured around the development of a New Keynesian/Neoclassical general equilibrium model which relates the markets for goods, money, and labor. Specific topics include: determinants of the business cycle, effects of fiscal and monetary policies, supply shocks, inflationary expectations. rade of 3.0 or higher.
Prerequisites: Economics 101, 102 and Mathematics 114 (or equivalent) or Economics 105 and one other economics course, excluding Mathematics 114 (or equivalent). Economics 100 can be applied with approval of the Chair, and conditional on a grade of 3.0 or higher.
Fulfills: SO I