This course counts toward the following majors: Managerial Economics

This course provides an overview of modern macroeconomic issues, debates, crises and solutions. Macroeconomic models and case studies are used to better understand the historical and current behavior of the economy as a whole, to better understand the sources of the various historical and current controversies concerning macroeconomic policy and to analyze the effects of macroeconomic phenomena on managerial decision making. The first part of the course concentrates on long-run issues: the wealth of nations, economic growth, the effects of international trade and the effects of government policies on such long-run issues. The course examines the determination of employment, output, prices, wages, interest rates, national saving, investment and international flows of goods, services and assets. The second part of the course concentrates on short-run issues such as inflation, the business cycle and policies attempting to stabilize the economy's short-run fluctuations. The final part of the course focuses on international currency crises, foreign economic fluctuations and current macroeconomic policies that contribute to and combat such problems.