E-mail icon E-mail courses Print icon Print course(s)
 

as of 7/2/2022

PRINCIPLES OF MACROECONOMICS
Country - Partner Institution - Programs: Netherlands - Utrecht University - 'Utrecht Univ.'
UC Course SubjectEconomics
Number & Suffix: 11
Full UC Title: PRINCIPLES OF MACROECONOMICS 
Transcript Title: PRINCIPLE MACROECON 
UC QTR Units - Division: 6.0 - Lower Division 
Course Description: Macroeconomics studies the economy at the national level. In the first week a tour of main macroeconomic issues in three areas (Europe, USA, Asia) sets the stage for the discussion of the major macroeconomic concepts like aggregate demand and supply, nominal and real GDP, inflation, economic growth, unemployment, monetary policy and interest rates. To understand the complex interactions among these variables in the short, medium and long run macroeconomists use models. A model is an abstraction, a mathematical representation of reality that focuses on the aspects under investigation, while ignoring or rather postponing the study of possibly very relevant and interesting real world complications. The rest of the course takes the European perspective. This deals with the complexities of interconnected, open economies, exchange rate determination, and the alternative adjustment mechanisms to balance of payments imbalances that are required in a monetary union. All such issues require a sound understanding of international macroeconomics. Prerequisite knowledge includes mathematics for economists. 
Language of Instruction: English
 
Partner Title: PRINCIPLES OF MACROECONOMICS 
Partner University Department: Economics 
Partner University Course Number: EC1PMA