Basic concepts of economics and the operation of the economy at the national level. Production, distribution and consumption of goods and services, the role of government, national revenues and their distribution. The course presents the theory of short-run economic fluctuations which provides the basis for understanding most discussions of monetary and fiscal policy. Also the course gives ample attention to long-term topics including economic growth, the natural rate of unemployment, persistent inflation and government debt. Topics include money supply and money demand, the open economy, the theory of economic fluctuations and debates over various macroeconomic issues.

The objective of this Macro Economics class is to introduce students to the fundamental concepts and theories of macroeconomics and to equip them with the tools to understand and analyze macroeconomic issues and policies. By the end of the course, students will have a solid understanding of the key macroeconomic variables, such as GDP, inflation, unemployment, and interest rates, and will be able to explain how they are measured, how they interact, and how they are affected by macroeconomic policies. Additionally, students will develop the ability to apply macroeconomic theory to real-world problems and to evaluate the effectiveness of different macroeconomic policies in achieving macroeconomic goals.