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| Course ID: ECON 503 |
| Programs: MBA |
| Pre-requisites: ECON210 OR EQUIVALENT |
This course focuses on forces that drive or determine overall national economic activity. A study of macroeconomics is crucial for an appreciation of the set of factors at the national and global level that impact the business firm's demand cost patterns, as well as those factors that are beyond the firm's ability to control, but which must be taken into account as part of the decision making and strategic planning process. This course will focus on the impact of global macroeconomic conditions on the firm’s decision-making. Current macroeconomic topics will be reviewed and analyzed , International considerations will be analyzed by developing a theoretical framework showing linkages among national economies. The course is organized around the progressive development of an open economy macroeconomic model that is capable of handling a number of key policy and other variables.
Schiller, Bradley. The Economy Today, 12th ed. ISBN 9780073375892.
ECON503 uses chapters 1-4, 6-9,11, and 15. This textbook is also used in ECON502.