The course focuses on several models that are used by economists to assess the economic environment of a country.  It discusses the causes and mechanisms of long-term economic growth.  It also discusses the causes and mechanisms of short-term business cycles, especially recessions.  Several relevant government policies are examined in detail.

After the successful completion of the course, students will be able to:

• Understand the basic tools and techniques of macroeconomics.
• Understand the characteristics of long-term economic growth.
• Understand the characteristics of short-term business cycles.
• Discuss several relevant government policies.