Intermediate Macroeconomics

BECO 302Intermediate Macroeconomics

Basic Information

Course Title:                                       Intermediate Macroeconomics
Code:                                                  ECON 302
Hours:                                                 Lecture: 3                    Credit Hours:3           
Prerequisite(s):                                   BECO 202
Academic Year / Level:                      Year:2             Term: 2

 

1-Course Description and Overall Objectives:

Intermediate Macroeconomics is an economic course focusing on the study of the performance of the economy as a whole. It includes the rate of economic growth, the rate of unemployment, the rate of inflation, and the determination of national output aggregates. Among the questions that the course aims to answer are: why does the economy sometimes become overheated and sometimes slip into recession? why can some countries stabilize the commodity price and others cannot do so, which results in the hyperinflation? Which role should government play in stimulating economic growth, curing inflation and lowering high unemployment rate, and which approaches can achieve the desired results? Why do some countries have favorable balance of the current account and others adverse balance of the current account? How can economic change of one country influence on that of others.

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