Macro Requirements for PhD Study

Students planning to enter the PhD program in the Department of Agricultural Economics should prepare themselves by completing the following study: Foundations of Macroeconomic Theory (ECON 611) Development of modern static national income analysis from general equilibrium system; roles of fiscal and monetary policy in promoting economic stability.

The topics covered in ECON 611 are:

The Science of Macroeconomics The Data of Macroeconomics National Income: Its Production, Distribution, and Allocation Economic Growth Unemployment Money and Inflation The Open Economy Economic Fluctuations – Short-run Aggregate Demand Aggregate Demand in the Open Economy Aggregate Supply Macroeconomic Policy Debate Consumption Investment Money Supply and Money Demand

Textbook:

G.N. Mankiew, Macroeconomics, 4th edition, Worth Publishers, 2000