An introduction to the macroeconomic modeling of output in the short and long run, and to fixed-price models of the closed and open economy over the business cycle. Policy prescriptions in relation to the business cycle are analysed. Precludes additional credit for ECON 2101. Prerequisite(s): ECON 1000 or FYSM 1003 with a grade of C- or higher; and ECON 1402 (or equivalent), which may be taken concurrently with ECON 2102.Lectures three hours a week, tutorials one and a half hours a week.
An introduction to the macroeconomic modeling of output in the short and long run, and to fixed-price models of the closed and open economy over the business cycle. Policy prescriptions in relation to the business cycle are analysed. Precludes additional credit for ECON 2101. Prerequisite(s): ECON 1000 or FYSM 1003 with a grade of C- or higher; and ECON 1402 (or equivalent), which may be taken concurrently with ECON 2102.Lectures three hours a week, tutorials one and a half hours a week.