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Institution:
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Trinity College
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Subject:
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Description:
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This course consists of three main sections: depressions and slumps; hyperinflation and currency crises; successes and failures in transforming Eastern Europe and Asia. Each of these sections will introduce case studies, explore theory, investigate potential causes and consequences, and discuss the related aspects of macroeconomic policy. Economic theory and empirical observation generally suggest that while economies are predisposed to short-run fluctuations, they tend to return to some "normal" state over time. Experience, however, suggests that there are important exceptions, such as prolonged periods of negative growth, or bouts of hyperinflation. The existence of such economic pathologies raises some obvious questions: Are they the result of unusually large adverse shocks, improper policies, a dysfunction of the correction mechanism that usually leads the economy back to its normal state, or something else Are there policies that have been identified as effective in preventing or softening the adverse effects of such pathologies 1.00 units, Lecture
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Credits:
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1.00
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Credit Hours:
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Prerequisites:
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Corequisites:
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Exclusions:
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Level:
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Instructional Type:
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Lecture
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Notes:
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Additional Information:
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Historical Version(s):
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Institution Website:
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Phone Number:
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(860) 297-2000
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Regional Accreditation:
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New England Association of Schools and Colleges
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Calendar System:
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Semester
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