ECN 142 - Principles of Macroeconomics

Institution:

University of Alabama in Huntsville

Subject:

Description:

Reviews basics of individual market functions, then moves to the measurement of aggregate economic activity, models the determination of national income, and structures policy alternatives and their implications. Explains reasons for measurement of aggregate economic activity and presents measurements of output and income in nominal and real terms. Problems associated with achieving and maintaining macroeconomic stability are discussed. The aggregate expenditure model of output determination is presented and its application to fiscal policy demonstrated. Topics include structure and function of commercial banking, functions of money and mechanics of money creation, monetary policy options and their implications. Alternative macroeconomic models are presented and critiqued. The open economy model and its implications for the effectiveness of domestic fiscal and monetary policy is incorporated. Prerequisite: MA 004.

Credits:

3.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

www.uah.edu

Phone Number:

(256) 824-6120

Regional Accreditation:

Southern Association of Colleges and Schools

Calendar System:

Semester

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