Course No./Abbr. : ECON 302
Prerequisite : ECON 101
Course Title : Macroeconomics
Credit Hours : 3 (Theory 3/Practical -)
COURSE OBJECTIVES: At the completion of this course, students will:
Be familiar with the basic definitions and functional relationships within the field of macroeconomics;
Be familiar with the national and regional economics.
Be able to understand the components of the total income-spending stream and how the variables interact through individual and government decisions both domestically and internationally;
Understand the potential impact of monetary and fiscal policies in changing the economic environment;
Be familiar with the competing schools of macroeconomic theory.
Be familiar with the basic definitions and functional relationships within inflation and employment.
COURSE DESCRIPTION:
This course seeks to introduce students to the analysis of relationships among such variables as national income, employment, inflation and the quantity of money. The roles of government expenditure, taxation and monetary policy, international finance and economic development are introduced. Special attention is given to the national and regional economics.
Textbook/References:
Joseph E. Stiglitz, Principles of Macroeconomics, W. W. Norton & Company, 3rd edition 2003.
William Baumol & Alan Blinder, Macroeconomics: Principles and Policy, SW College, 9th edition 2004.
