Introduction to the study of market economies., Microeconomics, including supply and demand,, production theory, market structure., Macroeconomics, including economic growth,, inflation and unemployment, money and banking,, monetary and fiscal policy. Government regulation, and policy. Discrimination and poverty, imperfect, competition, environmental problems, international, competitiveness.
Problems of less-developed countries and proposed, solutions. Extent and nature of international, poverty and inequality, national and international, causes of underdevelopment, strategies for, development.
Theories and policies of classical, Keynesian,, new classical, and new Keynesian economists;, national income accounting; IS-LM analysis;, aggregate supply and demand; money, interest, rates, and investment; government spending and, taxation; fiscal and monetary policy.
How international financial transactions and, government policies affect exchange rates,, interest rates, inflation, balance of payments,, sovereign debt, income, and wealth. Theory and, application of foreign exchange markets (spots,, forwards, arbitrage, covered and uncovered, interest parity); balance of payments accounting,, measures of government deficits and debts;, open-economy macroeconomic modeling,, applications, and issues.
Advanced research in economics. Production of a, research paper and distribution to instructor and, class members. Oral presentation of research paper, to students, faculty, and the campus community., The research paper requires students to construct,, research, write, and present rigorous analysis on, an economic question. Topics chosen by students.
Topics beyond intermediate macroeconomics, including alternate theories of consumption and, investment, macroeconomic forecasting, the role of, expectations, problems with macro measurements.