ECO 251 Intermediate Macroeconomics

Business cycles have plagued industrialized economies for more than a century. But the variations in the rates of unemployment, inflation, and national income may also be caused by exogenous factors such as the bursting of a real estate bubble, currency war, or the macroeconomic policies pursued by a country?s monetary and fiscal authorities. This course focuses on understanding macroeconomic phenomena and the understanding of macroeconomic theories of fine-tuning, and develops tools that help students to understand how exogenous shocks affect a country?s economic activity whether in the financial sector, the product market, or the derived demand for labor. We will also evaluate the policy effectiveness during downturns and draw relevance to major fluctuations experienced in our present time. Prerequisites: ECO 105, ECO 106, MATH 180