Credit hours:
3
National Income Accounting Revisited. National Income Determination.
Harrod - Domar growth models and macro-models using difference equations; growth in the context of adjustment; growth and technological change.
Theory of Unemployment and Inflation. Mercantilism and the transition from feudalism to capitalism.
The classical school. The Marxian theory of capitalist development. Economic historicism.
The marginal approach.
The neo-classical model. Keynes and the impact of his thought on economic analyses and policy. Modern trends of thought.