This course concerns the theoretical and policy issues in current macroeconomics, including relevant empirical studies of the macroeconomy. Issues include those of unemployment, inflation, interest rates, Gross Domestic Product, the balance of trade and balance on the current account, the dollar exchange rate, business cycles and long-term economic growth. Some attention is given to the history of the debates.

Economics 120 plus MATH 131 (or 112). Calculus is helpful,

while a clear knowledge of the algebra of solution of simultaneous equations is absolutely required. Fear of math will hurt your ability to understand this course.

Economics 110 or even 310 is very helpful. Economics 322 (Money & Banking) is helpful but not required; it is recommended that you take Econ. 322 before 320, since the latter is more difficult.

This course involves reading, writing, and 'rithmetic. There will be problem sets, short exams, and a final. Problem sets involve short essays, problem solving, definitions, and the like.