PRINCIPLES OF MACROECONOMICS*

概要

This course is designed to provide students with a basic theoretical toolkit to analyze various macroeconomic problems. The course begins by studying national income and price level data to grasp the key idea of the measurement of economic variables used to account for macroeconomic performance. Next, we study factors that influence the long-run economy, investigating the role of productivity. We also examine the theoretical model of loanable funds market to understand how interest rates, savings, and investment are determined. The labor market is also discussed to study how and why unemployment occurs. The roles of money, monetary systems, and the relationship between the inflation and money growth in the long run are also examined. Finally, we employ a model of aggregate supply and aggregate demand to understand the drivers of short-run economic fluctuations (i.e., business cycles). The effects of fiscal and monetary policies are discussed, as well as the trade-off between inflation and unemployment.

目標

Students who have successfully completed this course should be able to: 1. explain how economic variables are measured and used to account for the overall macroeconomic performance. 2. explain the outcome of the model of loanable funds market to discuss how interest rates, savings, and investment are determined. 3. explain the different types of unemployment. 4. explain the roles of money, monetary systems, and the relationship between the inflation and money growth in the long run. 5. analyze the basic driving forces and mechanisms of long-run economic growth and short-run business cycles. 6. examine the effects of economic policies on macroeconomic variables using a model of aggregate supply and aggregate demand.

授業外の学習

- Assigned readings (50 min) - Reviewing class materials (90 min) - Quizzes (50 min)

所要時間: 190 minutes