Macroeconomic Analysis I


This course is aimed at developing in each student a thorough knowledge of the key concepts of macroeconomics, those that comprise the language of the discipline, construct and work extensively with the current standard, generally accepted model of the macro economy- the aggregate demand/supply model with respect to the IS-LM Mundel Flemming models. The course will also move beyond analysing movements in the price level to analysing movements in the rate of inflation and their relationship to the unemployment rate, by arguing the basic model of the Phillips Curve analysis.