ECON 506
Fundamentals of Developing Country Macroeconomics Fall 2014
Division II
This is not the current course catalog

This class covers the basic principles of macroeconomics, with an emphasis on the issues facing for developing, transition, and emerging market economies. The course begins with an introduction to core macro concepts and definitions. It then looks at the sectors and institutions that play major roles in the economy: households, businesses, the external sector, the fiscal authority, and the central bank. It goes on to develop a simple analytical framework for thinking about economic performance and policies. The course concludes with a discussion of some of the macroeconomic problems encountered in developing economies, and some of the policies that can be used to deal with them. The class is offered as an alternative to Econ 505 for those not intending to specialize in macroeconomics. Consequently, it does not qualify as a prerequisite for Econ 515.