It is becoming increasingly important for households, business enterprises and governments to understand the macroeconomic context in which they operate. Consequently, students need to understand macroeconomic theory and be able to apply that theory in interpreting and analyzing macroeconomic information and policy. This unit focuses on contemporary macroeconomic events and theory that may be used in their explanation.
Emphasis is placed on the development of skills required for macroeconomic analysis.
These prerequisites are taken seriously and you are expected to have a command over this material. It is strongly suggested that you review this material at the beginning of this course. The text is written in a conversational language. It is easy to read, yet maintains a high level of rigor and analytic. The Study Guide is designed to emphasize the main points of the readings and to provide problems to help reinforce the lessons.