The course is the equivalent of the standard one-semester course at SAIS. It carries no credit.
This course provides students with opportunity to receive a systematic presentation of macroeconomics at an intermediate level. It also allows students to take more advanced courses having macroeconomics as a requirement, e.g. International Monetary Theory.
Topics include national income accounting and the balance of payments, models of inflation and unemployment, fiscal and monetary policy, exchange rate determination, international interdependence and the debate about stabilization policy.
Prerequisites: The material taught in this course is devoted to students who have already taken principles of macroeconomics or its equivalent. Algebra and basic calculus are necessary to read the assigned text.