Not too easy. Not too difficult.
Analysis of the goods market, the financial market and the labour market.
Understanding economic fluctuations in a closed economy and in an open economy. The determination of aggregate production, interest rates, exchange rates, investment, consumption and the trade balance in the short and medium run. The impact of fiscal and monetary policies. The relation between inflation and unemployment.
Hours per week:
Advice for students:
the course applies a great deal of algebraic and graphical analysis.