ECO 12 — Macroeconomics
Analysis of economic growth and determination of domestic output, employment, and income; examining GDP, price index, the business cycle, unemployment, and theories/effects of inflation. Exploring differences between Classical and Keynesian Economics via consumption, savings investment, and the interest rate. Evaluating government fiscal policy a monetary policy. Studying Federal Reserve System and role of money and banking. (May be taken before or with ECO 11.)