Econ 112 Maddox

Econ 112 Maddox - Econ 112 Principles of Macroeconomics...

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Econ 112 Principles of Macroeconomics Spring 2010 Instructor: Dr. Frank Maddox 318 Seney Hall Phone: 784-8357 Office Hours 1:00-2:00 (M,Tu, W,Th) Course Description: Econ 112 presents the main national economic issues of unemployment, inflation and economic growth in the context of a theory of national income determination. The course begins by describing the economic problems facing every society and the possible ways that society can organize itself to solve these problems. The laws of demand and supply are examined. Next, the measurement of the flow of national income and its major components, such as consumer spending, is summarized. these concepts become the basis for an explanation of the size of the total flow of income, and for policy recommendations to influence the size and stability of that flow. Aggregate demand for final output and aggregate supply of it are used to analyze business cycles, the deficit and fiscal policy. After describing money and the banking system, the role of the Fed in setting monetary policy is presented. The twin problems of unemployment and inflation are then put into a theoretical, historical and policy perspective. The analysis is extended to include the balance of international payments and the foreign currency exchange markets. The course concludes by examining factors that contribute to the long-run growth of national income and the development of the infrastructure of an economy. Course Objective
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This note was uploaded on 12/05/2011 for the course ECON 112 taught by Professor Patrón during the Fall '07 term at Emory.

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Econ 112 Maddox - Econ 112 Principles of Macroeconomics...

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