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ECONUA 9001 - Introduction to Macroeconomics

This introductory course provides students with a basic understanding of fundamental (macro)economic theories. The course is concerned with the definition and the theory of determination of national income, employment, business fluctuations, and price level. It also introduces students to the functions of money in a fractional-reserve banking system. The concepts of economic "circular flow”, national income accounting, unemployment, inflation, government taxation and spending and money will be defined, explained and discussed. Finally instruments, functioning and effectiveness of both monetary and fiscal policy aimed to stabilize prices and maintain high levels of output and employment are discussed in the current macroeconomic context of major world economies. less description for ECON-UA 9001 «
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