This course expands upon the tools of economic analysis covered in Principles of Macroeconomics. An overview of current macroeconomics events is followed by an in-depth study of the methodologies used to predict economic activity. Prerequisites: ECN 2025.

( ECN 2025 OR ECON 2025 )

1)        Understand the forces that have shaped the U.S., European and Asian economies in recent years.
2)        Articulate the notions of the short-run, medium-run and long-run.
3)        Describe the basics of National Income Accounting.
4)        Discuss the concept of equilibrium in the goods market and in financial markets and derive the basic IS-LM model used to study short-run movements in output.
5)        Explain the concept of equilibrium in labor markets and the natural rate of unemployment in the medium-run.
6)        Develop the Aggregate Demand-Aggregate Supply model used to entice Hall the long-run.
7)        Develop a model of economic growth focusing on the determinants of capital accumulation and technological progress and the role of each in growth.
8)        Discuss the role of expectations in economic decision making hence output and employment in both the short and medium-run.
9)        Explain the implication of more open economies on exchange rates.
10)        Articulate the goals and objectives of fiscal and monetary policies and explain their limits in macroeconomic policy.
11)        Describe the evolution of macroeconomic policy over the past 50 years and discuss current directions in research.

1. Required Materials


1. Textbooks

Macroeconomics - 6.Edition - 2008
Abel & Bernanke
Addison-Wesley
ISBN: 9780321456809



APA Manual
The APA Manual 5th Edition is a recommended textbook for all courses.
Effective August 1^st 2009, the 6th edition of the APA Manual is recommended for all courses.

NSU Bookstore
Textbooks and Case Studies may be purchased from the NSU Bookstore (located in the University Park Plaza) by calling 1-800-509-2665 or online at http://www.nsubooks.bkstore.com.

The NSU libraries comprise the Alvin Sherman Library, Research, and Information Technology Center, East Campus Branch Library, Health Professions Division Library, Law Library and Technology Center, North Miami Beach Branch Library, University School Library Media Centers, and the William S. Richardson Ocean Science Library. Students are strongly encouraged to visit one of the physical locations and/or take advantage of the vast electronic library available for research. For more information, please visit http://www.nova.edu/library.

Please note that all required and recommended materials should be referenced in APA style.