Macro Requirements for MS Study

Students planning to enter the Master's program in the Department of Agricultural Economics should prepare themselves by completing the following study: Macroeconomic Theory (ECON 410) Theory of the determination of aggregate levels of national income, employment and prices; monetary and fiscal policy analysis, effects of government debt and deficits. This course studies the economic behavior of society as a whole. The overall price level, inflation rate, international exchange rate, unemployment rate, and GDP, as well as government interventions are addressed.

The topics covered in ECON 410 are:

The Data of Macroeconomics National Income Economic Growth Unemployment Money and Inflation The Open Economy Introduction to Economic Fluctuations Aggregate Demand Aggregate Demand in the Open Economy Aggregate Supply Consumption Investment Money Supply and Money Demand

Recommended textbooks:

R.J. Barro, Macroeconomics, MIT Press, 1997 A.B. Abel and B.S. Bernanke, Macroeconomics, Addison-Wesley Publishing Co., 1997