Macroeconomics is the study of economic performance in a country or region. This paper aims to examine current macroeconomic theories and ideas, and learn how they can be applied. The topics covered are business cycles and saving and investing, unemployment and labor markets, money and inflation. ECO7015 Contemporary Macroeconomics Homework Fiscal policy and monetary policy. International trade and real exchange rates determination. Economic growth and development.
Students who complete this paper successfully will be able:
o Create models of economic growth, inflation, and business cycles. Use these models to evaluate the current state of the economy
o Explain the impact of fiscal/monetary policy on the state and condition of the economy (growth rates, inflation rates, business cycles).
Apply macroeconomic concepts to employment situations
The paper aims to develop skills that will help you succeed in your economics major/minor. These include:
o Use advanced economic concepts and vocabulary effectively
Using formal models as a way to make predictions and support arguments
o Demonstrating basic knowledge of current controversies and topics, as well as data sources
o Demonstrating competence in the application of conceptual skills, including macroeconomic modeling and data interpretation, written and oral communication and deductive/inductive reason.
Microeconomics 1 is assumed. This course is similar to the junior and senior undergraduate courses in the Economics department. This course will be taught primarily in Japanese. But I won't stop students from asking in English.
The Gross Domestic Product (GDP), also known as the total value added by each product, is calculated based on market prices within a given country. GDP can be seen as the total income for the entire economy. GDP can be seen as the total output of goods and services. The total expenditure on the economy must equal the total income.
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