More . . . MACROECONOMICS
 

This course offered a wealth of fascinating insights into the macro economy including global forces such as fiscal policy, interest rates, trade deficits, and currency values. 

 

The essence of the course was to construct models of supply and demand for the goods and services that are bought and sold in the macro economy. The models then facilitated analysis of how governments' monetary, fiscal, and trade policies affect, and are affected by, macroeconomic conditions.
 

We came away with a newfound ability to analyze and, to a limited degree, forecast:

  • Interest and inflation rates

  • Wages, salaries, and unemployment rates

  • Consumer spending and housing construction

  • Business profits and business investment in equipment and structures

  • The government budget deficit, the trade deficit, and exchange rates

  • Economic growth rates over the long run and across countries

 

 

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