Students examine how the economy behaves at the aggregate level. Topics include the flow of income among households, businesses, and governments; measuring and explaining what determines economic aggregates such as the total national product (GDP); inflation and unemployment; business fluctuations, economic growth, and full employment; and the model of aggregate demand and aggregate supply. The role of money and financial institutions is discussed, as are monetary and fiscal policies, exchange rates and balance of payments, purchasing power parity, and the impact of international trade.
Note: Prerequisite for Business Admin and Open Studies: BUSD 1002
Restricted to Business Admin, Machine Learning Analyst, and Open Studies