DEPAUL UNIVERSITY
DEPARTMENT OF ECONOMICS

This is a course in macroeconomics at the intermediate level. Intermediate macroeconomics usually concentrates on explaining relationships between certain key macroeconomic variables, such as GDP, inflation, unemployment, interest rates, trade deficits, and exchange rates. These variables are thought to be indicators of our current and future standard of living and economic stability. We are interested in explaining what causes economic growth and how policy can be used to promote growth. We are also interested in what causes economic fluctuations (business cycles), how those fluctuations interfere with short-run and long-run economic growth, and how policy can be used to smooth these fluctuations. You will also understand more about how economists think and formulate problems, and how they formulate solutions to economic problems.

The models we build in this course (i.e. the theories) are applicable to any market macroeconomy and as does the book, we will spend a lot of time going through examples of the U.S. economy. Still, we will emphasize the particular differences/problems of many countries around the wold. For example: European Union (EU and EMU), particularly with respect to monetary policy and financial markets (chapter 7, 9-15); emerging markets (in Europe, East Asia and South America, particularly with respect to financial markets and monetary policy (chapter 7, 9-15); and socialist economies (e.g., China and Vietnam) that are liberalizing their markets to some extent (again in chapter 7).

Syllabus
Syllabus CMC Czech

Review Sheets
    Review Sheet #1
    Review Sheet #2

Assignments

Readings