This course is intended to give a full coverage of modern macroeconomic theory and its application to stabilization policy. How, if at all, can government fight unemployment and inflation? Should they even try? The effectiveness of fiscal and monetary policies will be discussed from the points of view of Keynesians and Monetarists, and of those macroeconomists who believe that rational expectations on the part of economic agents render both types of stabilization policies ineffective. Lect: 3 hrs. Prerequisite: ECN 600 Course Weight: 1.00 Billing Units: 1
