Weng Chi Lei
Analysis of the determinants of the aggregate level of employment, output, prices, and income of an economy. Policy issues and applications with special reference to current monetary and fiscal policy. Prerequisite: 2.0 in ECON 201; 2.0 in ECON 300. Offered: AWSpS.
This course focuses on modern macroeconomic theories that explain the determination of aggregate output and price level in different time frames - the short run, the medium run and the long run. As an extension, the international sector is introduced so that the effects of openness in the goods markets and the financial markets can be analyzed. Throughout the course, current macroeconomic events are discussed in order to connect the classroom with the real world. Prerequisites: 2.0 in ECON 201 and 2.0 in ECON 300
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