ECON 7043

The study of the national economy and the interpretation of national economic performance. Material includes the causes and policy remedies for business cycles, unemployment, inflation and the twin deficits (government and foreign trade). Topics such as Keynesian and classical theories, monetary and fiscal policy, and international trade are studied in an analytic perspective with emphasis on the behavior of business cycles and the issues facing the national economy in an international setting. In addition to text materials, students are responsible for weekly short analytical summaries drawn from such news sources as The Economist, the Wall Street Journal, and the Financial Times and from such official sources as the Federal Reserve Board, the Congressional Budget Office, the OECD, the World Bank, and the IMF. By the end, students should be able to understand the macroeconomic analysis presented in documents from these sources and should be able to provide written and verbal summaries and critiques. Prerequisites: admission to the MBA program; completion of MBA foundation requirements.