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ECON 206 provides an understanding of fluctuations of aggregate activity, the growth of a country’s standard of living, and how government choices affect these things. We study how people's and firms' decisions about consumption, saving, and investment affect their welfare and wealth, a country’s exports and capital flows, and the values of interest and exchange rates. We look at the role of money, inflation, credit, and the financial system in the economy. We use the aggregate demand and supply model to understand why the economy fluctuates and what it means for people's employment and income. Then we see if the government can stop or mitigate the effects of the fluctuations. Finally, we look at how we can improve our standard of living through economic growth.
ECON104 and ECON105