Principles of Economics II
University of Michigan - Ann Arbor
Macroeconomics is the study of economic behavior in aggregate. We will examine how national wealth and well-being are determined, and we'll ask what (if anything) we can do to guide and adjust our aggregate economic fate. Along the way, we will consider theories of production, unemployment, inflation, long-run growth, investment and savings, business cycles (the "boom and bust cycle"), money, and international trade.