An introduction to the problems of unemployment, inflation, and economic growth.
Emphasis is on the roles of monetary policy and fiscal policy in determining macroeconomic policy.
The efficacy of controlling wages and prices is analyzed. This class is concerned with economic method and the fruits of that method. We will start with a description of the tools of economics, such as basic definitions, science, logic, and some math. The tools will be discussed in sufficient detail for students to acquire a good background to continue with the class. Your study of economics will then move into a brief excursion into the basic schools of economic thought.