Economics: Principles of Macroeconomics

Introduction to economic concepts, institutions, and analysis, particularly as related to the economy as a whole. May be taught with traditional approach or with strong mathematical emphasis.

Open to degree and PACE students

This course is an introduction to a field of economics called Macroeconomics, which looks at the behavior of the economy as a whole. Macroeconomics directly or indirectly deals with real life questions such as: Does globalization cause unemployment and inequality? Are there limits to economic growth? What is the rate of unemployment telling me about my chances to get a job after college? What are policy makers doing when there is an economic recession and does this work? Why are the Federal Reserve interest rates so important for the economy? Macroeconomics offers a rigorous way to understand and address those questions. It relies on the study of facts, data, and theories, which are covered in this course at an introductory level.