ECON 120 Principles of Macroeconomics

A study of the fundamentals of economic analysis and basic economic institutions, with an emphasis upon understanding the impact of individual and social choices upon aggregate output, employment, inflation, relative income distribution and the environment. Monetary, fiscal and social welfare policies are evaluated in light of historical and current experience, with an attempt to understand the role of changing institutional structures, social values, and concerns for justice in an increasingly globally integrated world.