ECON 102 - Macroeconomic Principles and Applications

Lower Division

The class develops the principles that govern national economies, including their exchanges with the rest of the world. The macroeconomy we observe is taken to be the result of households interacting with firms and the government in markets for goods and services, labor, money and other assets. In the short run, the focus is on the shocks and instability experienced through the business cycle, while in the long run the main concern is with the forces behind growth in our standard of living. Applications are to situations where intervention in the economy might be required to improve the situation, such as business cycles and associated unemployment, inequality of wealth and income, climate change, effects of globalization, and others.

Repeatable
Yes

Additional Notes
Previous course number: ECON 004

Course credits: 3