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Prerequisites: ECON 201, ECON 216. Offered in fall and spring. This course covers aggregate economic behavior using Keynesian and Neoclassical macroeconomic analysis. Various theories of how a nation's income, employment and price level behave under static and dynamic conditions are examined. Topics covered include: income determination, unemployment, price stability, budget deficits, balance of payments equilibrium and economic growth, in addition to the impact of fiscal, monetary and exchange rate policy on macroeconomic performance. |