Jonathan M. Tisch Center of Hospitality

Introduction to Macroeconomics

Focuses on the economy as a whole (the macroeconomy). Begins with the meaning and measurement of important macroeconomic data (on unemployment, inflation, and production), then turns to the behavior of the overall economy. Topics include long-run economic growth and the standard of living; the causes and consequences of economic booms and recessions; the banking system and the Federal Reserve; the stock and bond markets; and the role of government policy.