This course is designed to initiate the students to the mechanisms of macroeconomic policies through theoretical and quantitative means. It covers even-handed views of the major schools of thought in macroeconomics namely the approaches of the Keynesian and Neo-classical economists on major issues which include inflation, unemployment, budget deficit, growth and money. The course objectives are therefore: a.To develop a thorough understanding of how the economy works at the aggregate level and how total output, employment, prices and interest rates are determined using models such as the Keynesian IS-LM model or the Neo-Classical macroeconomic equilibrium model; b.To explore the factors underlying economic growth, business cycles, inflation and unemployment; c.To acquire the ability to assess rigorously the effects of various government policies and outside shocks on these features of the economy. We will use the tools developed to address issues such as: What are the sources of business cycle fluctuations and what, if anything, should the government do to alleviate business cycles? What are the effects of monetary and fiscal policies on the economy according to the major schools of thought? d.To reinforce the students’ competencies in critical thinking by acquiring, analyzing, synthesizing, and evaluating knowledge through the use of quantitative methods and logical reasoning skills.

Temps présentiel : 52.5 heures

Charge de travail étudiant : 105 heures

Méthode(s) d'évaluation : Examen final, Evaluation - Examen partiel

Référence :
Case and Fair, Principles of Economics, Pearson Global Edition, 12E Olivier Blanchard, Macroeconomics, 7th edition, Pearson