Macroeconomics (I)

Macroeconomics is a year-long course for undergraduate students majoring in economics. In Fall semester, macroeconomics (I) covers basic knowledge of macroeconomic and the foundation of macroeconomics theory. The first part of macroeconomics (I) introduces the definition of important macroeconomics variables like GDP, inflation, interest rate and unemployment.  The second part of macroeconomics (I) covers the theory about short-run business cycle, which is IS-LM-AD-AS model. The third part covers the theory regarding the long-run growth. This course requires basic knowledge of calculus (Math review may be conducted during the TA session, depending on students’ needs.). In the Spring semester, Macroeconomics (II) mainly covers Dynamic General Equilibrium Models, the microfoundation of the IS-LM-AD-AS Model that students study in Fall semester. Also, students will study open economy in Macroeconomics (II).