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ECO 205 Principles of Macroeconomics

This introductory course engages students in the analysis of aggregate activity. Topics include the measurement and determination of national output, total spending, the level of employment and the forces contributing to their change over time. The course also addresses the role of money, the banking system, price level and the interest rate. Fiscal and monetary policy tools are discussed to see how discretionary policy many be used to bring the economy to a desired level. Classic and heterodox theories are used. (L10)