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Economic Theory (Field 1) EE312 Macroeconomic Theory |
3 (3-0-6) |
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Prerequisites: a) EE211 and EE212 or b) EE213 and EE214 The model of joint equilibrium in product markets, money markets, and foreign exchange markets (the IS-LM-BP model); changes in equilibrium; product markets and labor markets; the model of aggregate supply and demand in closed and open economies; inflation, unemployment, and the Phillips curve; economic stabilization policies; growth theory, microfoundation of macroeconomics focusing on real business cycle model, new classical model, and new Keynesian model; applications of Macroeconomic theory to analyze economic situations. |
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