MEC-102: Macroeconomic Analysis

This course examines the determinants of national income, employment, inflation, and growth. It introduces students to core macroeconomic models and explores the implications of fiscal and monetary policies in closed and open economies.

Course Objectives

• Understand the functioning of the macroeconomy
• Apply macroeconomic models to policy questions
• Evaluate key indicators of economic performance
• Analyze global and domestic economic challenges
• Develop policy-relevant economic reasoning

Key Topics

• National Income Accounting
• Classical and Keynesian Models
• IS-LM Framework and Policy Analysis
• Aggregate Demand and Supply
• Money, Banking, and the Monetary System
• Inflation, Unemployment, and the Phillips Curve
• Business Cycles and Stabilization Policies
• Economic Growth Theories
• Open Economy Macroeconomics and Exchange Rates

Recommended References

• Macroeconomics by N. Gregory Mankiw
• Macroeconomics by Olivier Blanchard
• Advanced Macroeconomics by David Romer
• Macroeconomic Theory by Thomas Sargent