An intermediate treatment of macroeconomic theory and policy. Following a discussion of the important macroeconomic sectors, static and dynamic macroeconomic models are developed. Unemployment, inflation, business cycles, monetary and fiscal policy, economic growth, and the balance of payments are then analyzed using these models. Note: This theory course is designed for economics, finance, and actuarial science majors with analytic skills. It is required for all Economics majors. Not recommended for non-majors who earned less than B- in Economics 1101 or 1102.