- GRA 6516
- 6 Credits
The course, which is an introductory economics course on master level, provides the students with the main concepts and models used in modern micro- and macroeconomic analysis.
Demand Function and Substitution Effects
Market Demand, Market Equilibrium, and Uncertainty
Firm Behavior and Supply Function
Firm Supply and Industry Equilibrium
General Equilibrium with Production
Fiscal Policy and the Role of Money
The Neoclassical Model
The New Keynesian Model: IS Curve and Policy
IS-LM and the Role of Monetary Policy
Open Economy Models
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