This unit builds on the IS-LM model by incorporating expectations into goods and financial markets, by introducing openness and by integrating the labour market. The aggregate supply and demand framework is used to examine the short and medium run effects of monetary and fiscal policy. Other topics include: growth; inflation; unemployment; and financial crises. This unit should enable students to evaluate the recurrent debates on macroeconomic policy and analyse real-world problems. -- Course Website
Instructor: Dr Natalia Ponomareva
Prerequisites: ((Admission to BEc or BCom or BAppFin or BActStud or BCom-ActStud or BComAccg or BCom-ProfAccg or BBA) or (GPA of 2.00)) and (ECON110 and ECON111) and 15cp
