Theory of national income, its measurement and determinants; analysis of inflation, growth, debt, and public policy.
ECON 304 is a course for students wishing to further their understanding of macroeconomics. The objective of the course is for students to develop competence in using macroeconomic models to explain the determination of aggregate output, prices, employment, and growth. In addition, students should learn to analyze the impact of monetary and fiscal policy on the macroeconomy. Extensive references to current macroeconomic developments and applications of macroeconomic models are essential elements of the course.
By the end of the course, students should be able to:
- describe and analyze the determinants of output, employment, and growth in the long run;
- describe and analyze business fluctuations in the short run;
- analyze how government policy can influence the economy in both the long run and short run; and
- be aware of current developments in the macroeconomy.
This course can be applied toward:
ECON 204 (Principles of Macroeconomics); MATH 141 (Calculus in Management Sciences) or MATH 155 (Calculus for Biological Scientists I) or MATH 160 (Calculus for Physical Scientists I).
Prerequisites: Introductory macroeconomics, introductory calculus.
Textbooks and Materials
Textbooks and materials can be purchased at the CSU Bookstore unless otherwise indicated.
- Macroeconomics & MyEconLab, 7th Ed.
Choose only one of the "Macroeconomics" books.
Kevin is a Ph.D. student in the Department of Economics at Colorado State University. His fields of study and research are in environmental and regional economics. Prior to attending CSU, Kevin received a B.A. from Albion College in economics and management in 2004. In the past he has taught classes on introductory microeconomics and macroeconomics. He is passionate about sharing his enthusiasm about economics with his students. When not involved in academia, Kevin spends time in the mountains either backpacking or skiing, but even then he is likely still talking to anyone who will listen about rational choices under scarcity.