Pennsylvania State University 1-3 credit BA
This course provides students with an introduction to the foundations of macroeconomic analysis. The primary objective is to develop their ability to apply fundamental macroeconomic concepts from GDP, interest rates, fiscal and monetary policy to understand how policies impact macroeconomic conditions and the environment firms face. Foundational topics in microeconomics include GDP, interest rates, inflation rates and exchange rates. We use modeling techniques to evaluate how different agents in the economy interact (consumers, firms, governments, international trade and the federal reserve) and what the impact of those interactions are on the fundamentals of the economy (GDP and interest rates). The course heavily relies on mathematical and numerical modeling in the analysis of the macroeconomy.
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