10457 Macroeconomics I

Credits: 2 intermediate credits in Economics

Prerequisites: Introduction to Microeconomics, Introduction to Macroeconomics

Authors: Arie Arnon, Joseph Zeira

The course acquaints the student with the fundamentals of economic theory that deal with an analysis of the activities of the national economy as a whole.

Topics: Basic concepts; national accounting; aggregate demand in a closed economy, equilibrium in the goods market and the IS curve; the money market: supply, demand and equilibrium in the money market and the LM curve; the quantity theory of money; general equilibrium in a closed economy, monetary and fiscal policy; the labor market, unemployment.