10458 Macroeconomics II
Credits: 4 intermediate credits in Economics
Prerequisite: Macroeconomics I
Authors: Joseph Zeira, Oren Sussman
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: Inflation – definition, a discussion within the framework of the IS-LM model, inflation tax and causes of inflation; The open economy – basic concepts, determining the national product and macroeconomic policy, the monetary approach to international trade, the IS-LM model under unemployment and fluctuating prices, fixed and flexible exchange rates, problems of the isolated economy and the effectiveness of devaluation in Israel and the world, the open economy during unemployment and full employment with flexible and fixed exchange rates, liberalization and stagflation in an open economy, inflation and the foreign debt; Economic growth.