90-738 Applied Economics Analysis II
12 units, Carnegie Mellon University
This is an introductory course on macroeconomics the study of the performance of national economy as well as the policies used to improve that performance. Unlike microeconomics which focuses on the behavior of individual households firms and markets macroeconomics takes a birds eye view of the economy. The key topics include measuring macroeconomic activities such as GDP unemployment price level and inflation analyzing economy conditions and issues in the longrun and the shortrun as well as the issues of international trade and exchange rates in the international economy. The course is divided into four modules Module A Macroeconomics Issues and Data which include a birdseye view of the economy measurement of the economic activity GDP and unemployment as well as measurement of the price level and inflation. Module B Economy in the Long Run which include the economic growth productivity and living standards workers wages and unemployment in the modern economy saving and capital formation money prices and the Federal Reserve as well as financial markets and international capital flows. Module C Economy in the Short Run which include an introduction of the shortterm economic fluctuations spending and output in the short run the role of the Fed in stabilizing the economy inflation aggregate supply and aggregate demand as well as the practice and pitfalls of macroeconomic policy. Module D The International Economy which include the exchange rates and open economy as well as international trade.
Prerequisites: none listed
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