14.02 Principles of Macroeconomics, Fall 2009
Principles of Macroeconomics
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This course is designed to introduce classic macroeconomic issues such as growth, inflation, unemployment, interest rates, exchange rates, technological progress, and budget deficits. The course will provide a unified framework to address these issues and to study the impact of different policies, such as monetary and fiscal policies, on the aggregate behavior of individuals. These analytical tools will be used to understand the recent experience of the United States and other countries and to address how current policy initiatives affect their macroeconomic performance.
principles of macroeconomics, measuring macroeconomic variables, production functions, labor markets, consumption, investment, economic growth, IS-LM model, AS-AD model, classical business policy, price rigidity, wage rigidity, monetary policy, fiscal policy, economic crises, policy in an open economy, global economic imbalances