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ECON 212 Elements of Economics II (Pre-requisite: ECON 102)

Credit hours: 
3

This course will deal with varieties of macroeconomic thinking, measuring aggregate output, income and prices, aggregate demand and income determination, fluctuations of aggregate demand, GNP, fiscal policy, (mechanisms, problems and issues). It will cover topics such as money: what it is and what it does, the supply of money, monetary policy (mechanisms, problems and issues). Other areas to be treated include inflation and unemployment, aggregate demand and aggregate supply, inflation and unemployment, the gains from trade, international exchange, trade policy (mechanics, problems and issues), economic development and world poverty.