The aim of this course is to present the foundations of the macroeconomic theory. The course is designed to provide students with a unified framework that can be used to analyze key macroeconomic issues such as growth, inflation, expectations, deficits, recessions, productivity, interest rates, exchange rates, trade balance, monetary and fiscal policy.
Upon completion of their work for this course, students will be versed in basics of macroeconomic thought. Students would understand the motivation for, the mechanics and significance of the relevant concepts taught. Students will be able to understand and to derive the most basic macroeconomic models.