ECON3023

This course builds on fundamental concepts and techniques learned in ECON 3101 (ECON 3011 and ECON 3012) and ECON 1102. The purpose of this course is to introduce you to modern macroeconomics by building macroeconomic models from microeconomic principles, which is consistent with the way that macroeconomic research is conducted nowadays. We will also be learning about the measurement of macroeconomic aggregates. More specifically, the topics that will be discussed are the determinants and measurement of national income, employment, and price level, as well as economic growth. Emphasis will be given to a general equilibrium approach. It also examines the applications of the theory, especially current modern macroeconomic policy issues.

An introductory economics course is meant to teach the language of economics, while an intermediate course is intended to teach some of the tools of economics. To that end, our goals for this course will be to:
- Learn about the measurement of macroeconomic data.
- Develop an understanding of the foundations of modern macroeconomic models.
- Subject these various models to data and determine their empirical relevance.
- Use these models to gain a deeper understanding of economic growth and business cycles.

Prereq: ECON 1102 (or APEC 1102); ECON 3011 and ECON 3012 (or ECON 3101); MATH 1271 or MATH 1142. Or equivalent courses approved by the Economics Department.Students registering for ECON 3023 should not register for APEC 3006. Completion of both ECON 3023 and 3024 is equivalent to APEC 3006.

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