ECON 120
Principles of Macroeconomics Fall 2019 (also offered Spring 2020)
Division II Quantative/Formal Reasoning

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This course provides an introduction to the study of the aggregate national economy. It develops the basic theories of macroeconomics and applies them to topics of current interest. Issues to be explored include: the causes of inflation, unemployment, recessions, and depressions; the role of government fiscal and monetary policy in stabilizing the economy; the determinants of long-run economic growth; the long- and short-run effects of taxes, budget deficits, and other government policies on the national economy; the role of financial frictions in amplifying recessions; and the workings of exchange rates and international finance.
The Class: Type: lecture/discussion
Limit: 40
Expected: 40
Class#: 1133
Grading: yes pass/fail option, yes fifth course option
Requirements/Evaluation: problem sets, short essays, midterm, final exam
Prerequisites: ECON 110
Distributions: Division II Quantative/Formal Reasoning
Attributes: POEC Required Courses

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