ECON 318 - Intermediate Macroeconomics

3 credits.
In the first part of this course, students investigate why some countries grow rapidly while others remain impoverished. Using a model of economic growth, students explore these discrepancies and analyze how public policies can create conditions for future growth. In the second part, students examine the business cycle–the short run fluctuations in economic activity that lead to periods of inflation or send economies into a recession–and public policies used to minimize the effect of such events. Additionally students examine country-specific data on education, income, investment, population growth, and other macroeconomic indices, to further enhance analytical skills and bridge economic theory and principles learned in the introductory macroeconomics course. Offered spring semester only.

Prerequisite(s): ECON 217 and ECON 218.
Corequisite(s): None.