Econ 121 - Principles of Macroeconomics

The major areas of focus will be the inputs market, goods market, money/asset market, and economic growth.  Business cycles will also be discussed and linked to macroeconomic policy debate issues of ‘active’ versus ‘passive’ and ‘rules’ versus discretion. The equilibrium IS‐LM, AD‐AS model will be covered with some basic applications, providing a smooth transition to Intermediate Macroeconomics.

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