In this course, you will build on and apply what you learned in Macroeconomics II. You will use the concepts of output, unemployment, inflation, consumption, and investment to study the dynamics of an economy at a more advanced level. For example, now that you understand the relationship between supply and demand in general terms, you will be asked to examine the effects that short-run and long-run price changes have on full employment and output. As the course progresses, you will gain a better appreciation for how policy shifts and changes in one sector impact the rest of the macroeconomy (whether the impacts are intended or unintended). You will also examine the causes of inflation and depression, and discuss various approaches to responding to them. By the end of this course, you should be able to think critically about the economy and develop your own unique perspective on various issues.
- Teacher: Kiyalbek Akmoldoev