ECON322 - Intermediate Macroeconomics

Description:
This course examines the differences between the economy in the short run and in the long run. A number of macroeconomic models are considered, and the results are used to conduct macroeconomic policy discussion on stabilization policies and government debt.

Outcomes:

• Define key macroeconomic variables.
• Interpret relationships among key macroeconomic variables and the effects of imperfect information on market outcomes.
• Construct a circular flow diagram and macroeconomic models for various types of economies. Calculate measures of inflation.
• Differentiate between the effects and costs of anticipated and unanticipated inflation, and short-run and long-run macroeconomic equilibrium.
• Explain the relationship among different types of unemployment, the functions of money, and the determinants of economic growth.
• Compare the classical, Keynesian, and monetarist schools of macroeconomics.

Required Text(s):

Mankiw, N. G. (2016). Macroeconomics (with Launchpad Access). (9th ed.). Worth. ISBN-13:
9781319055431.