ECN 202 - Principles of Global Macroeconomics

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Examines a broad range of macroeconomic concepts such as determination of national income, short-term fluctuations in the economy and long-term economic growth, fiscal and monetary policies, money and banking, inflation and unemployment, with special emphasis on their global significance, and on international comparisons of macroeconomic attributes. The course introduces key concepts that will strengthen understanding of the interlinked global economy, such as comparative advantage, balance of trade and payments, exchange rates, barriers to free trade, international growth convergence, and the impact of cultures and norms on economic performance. Students are highly recommended to take ECN 201 prior to taking ECN 202. (Generally offered every semester and term). Satisfies the university general education requirement in the global perspective knowledge exploration area or in the social science knowledge exploration area, not both.