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.
Young is a PhD student in the Department of Economics at Colorado State University. Her research interests include public and environmental economics, in particular how they impact inequality. She is originally from South Korea where she was first introduced to economics. When Young was an exchange student at Saarland University, Germany, she was particularly impacted by German students asserting their right to study for free, even though their tuition was around €200 ($210) per semester. After that, she became more interested in societal and economic issues, leading to a PhD program in economics. Through her research, she seeks to address the problem of inequality in the world.