A calculus-based introduction to modern macroeconomics. The objective of this course is to develop a practical understanding of the global economy with special emphasis on the impact of macroeconomic developments on international financial markets and business. Topics include aggregation and measurement, national income accounting and the aggregate resource constraint, long-run economic growth, short-run business cycle fluctuations, the role of money and financial markets, and government monetary and fiscal policies. Students are assumed to have a good grasp of single-variable calculus, but not necessarily any more advanced mathematics. Ideas of multi-variate calculus (such as partial derivatives) are introduced as needed and taught in the context of economic theory.
