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Fall 2020 Semester Prague

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Course Overview

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ECO 110 Introduction to Macroeconomics

ECO 110 Introduction to Macroeconomics Course Overview

OVERVIEW

CEA Partner Institution: Anglo-American University
Location: Prague, Czech Republic
Primary Subject Area: Economics
Instruction in: English
Course Details: Level 100
Recommended Semester Credits: 3
Contact Hours: 42
Prerequisites: Preferably ECO120 Intro to Microeconomics

DESCRIPTION

As an introduction to macroeconomic theory, this course employs standard macroeconomic approaches and looks at the economy as a whole to gain an understanding of how it works. The course introduces the main macroeconomics concepts and topics: GDP, economic growth, national income, unemployment, inflation, the role of government, fiscal policy, the role of central banks and monetary policy, international monetary arrangements, bubbles and crashes. Students will learn why some countries are rich while others are not, what causes the unemployment or what the effects of inflation are. In addition, the course includes research concerning capitalist economies since the recent world-wide economic crash.

*Please note: In the Spring term, this course is predominantly taken by CEA students.

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