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. Aspects of the microfoundations of Macroeconomics will also be presented. Rigorous analysis — including calculus! — is used to understand the forces that determine aggregate economic variables, and how they are affected by
public policies. These methods will also be used to understand the consumption, investment, and labor supply choices of households and firms.
Course Requirements:
Grades are based on hour test(s), written exercises, and a final exam.
Intended Audience:
ECON 402 is a prerequisite for many other courses offered in Economics. Economics majors are required to elect this course and are encouraged to complete it early in their program.
It is strongly recommended that students take ECON 401 before ECON 402.
Class Format:
ECON 402 is predominantly a lecture course.