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ECON 405. Intermediate Macroeconomics

Credits: 3
Department: Economics
Description: Functioning of the economy as a whole. Determinants and interrelation of the economy's aggregate production, inflation, unemployment, economic growth, business cycles, and monetary/fiscal policies.
Prerequisites: ECON 205,ECON 206, MATH 112 or 115 or 196 or 211 or higher.
Semester Offered:
  • Fall
  • Spring
Grading Method: ABCDF

Student Learning Outcomes

1. Define and Identify macroeconomic concepts such as national income, economic growth, aggregate demand and supply, recession, inflation, stagflation, national debt, fiscal policy, monetary policy, etc.
2. Associate such concepts with the domestic and international economic/political environment.
3. Propose economic solutions to macroeconomic problems.
4. Objectively critique different macroeconomic approaches and schools of thought.
5. Evaluate the external validity of macroeconomic models using facts and empirical data.

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