ECON202

Macroeconomics is a study of the whole or overall economy, focusing on inflation, unemployment, global trade, and periods of expansion followed by contractions of domestic output. It also includes a study of interest rates, trade deficits, budget deficits, and the production of economic knowledge itself. You will learn various economic theories that facilitate an understanding and interpretation of these matters. You will also be expected to apply theoretical knowledge to practical policy issues, both historical and contemporary, and to forecast the impact of economic policy and structural changes on the economy.