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Program 103, Macroeconomics Program Description.
This program covers economic concepts as they apply to the aggregate economy. Topics include concepts of national income and its determination, economic fluctuations, monetary and fiscal policies, and economic growth.

Program Objectives.
Upon completion of this program, students will acquire professional in-demand skills and will be able to:

  • Understand the main concepts of National Income Accounting.
  • Understand the leading theories of unemployment and inflation.
  • Use simple macroeconomic models for analyzing the effects of macroeconomic policy.
  • Understanding models of economic growth.
  • Discuss the factors necessary for achieving sustained economic growth in developed and developing economies.
Textbook

TextbookMacroeconomics
by Olivier Blanchard
Pearson
8th edition

About the author
Olivier Blanchard has spent most of his professional life in Cambridge, U.S.A. After obtaining his Ph.D. in economics at the Massachusetts Institute of Technology, he taught at Harvard University, returning to MIT in 1982. He was chair of the economics department from 1998 to 2003. He is a Fred Bergsten Senior Fellow at the Peterson Institute for International Economics, in Washington. He also remains Robert M. Solow Professor of Economics at MIT. He is a past vice president of the American Economic Association and a member of the American Academy of Sciences.

About the Publisher
Pearson is the world's largest education company. Although Pearson generates approximately 60 percent of its sales in North America, it operates in more than 70 countries. In 2019 Pearson announced it would begin the process of phasing out the publishing of printed textbooks, in a plan to move into a more digital-first strategy. The company reportedly envisions students relying more on e-textbooks, which would be updated frequently.

 

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