The measurement, determination, and control of the level of economic activity. General equilibrium models are used to determine real output, employment, inflation, unemployment, and interest rates. Additionally, we study the determinants of long-run growth. The roles of fiscal and monetary policy are analyzed in their application to fluctuations in economic activity. This course is offered in the fall and spring semester, 2010-2011.
Prerequisites: Economics 101 and Mathematics 110 or 111, or consent of the instructor.
