This is an archived course. A more recent version may be available at

14.02 Principles of Macroeconomics

As taught in: Fall 2002

A graph of the stock market index from 1960-2000.

A drawing of the ups and downs of the stock market. (Courtesy of Prof. Huntley Schaller from class notes part 1 in the recitations.)




Prof. Huntley Schaller

Course Features

Course Description

This course will provide an overview of macroeconomic issues: the determination of output, employment, unemployment, interest rates, and inflation. Monetary and fiscal policies are discussed, as are the public debt and international economic issues. It introduces basic models of macroeconomics and illustrates principles with the experience of the United States and other economies.

*Some translations represent previous versions of courses.