This course in macroeconomics deals with the determination of broad economic aggregates such as national income, employment, the price level, and the balance of payments in both the short run and the long run. Rigorous analysis — including calculus! — is used to understand the forces that determine these economic variables, and how they are affected by public policies.
ECON 402 is predominantly a lecture course, with grades based on hour test(s), written exercises, and final exam. ECON 402 is a prerequisite for many other courses offered in Economics. Concentrators in Economics are required to elect this course and are encouraged to complete it early in their concentration program. It is strongly recommended that students take ECON 401 before ECON 402.