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The aim of this course is to provide a basic understanding of the theoretical foundations of macroeconomics at an intermediate level. The course covers (a) the major macroeconomic markets: goods, money, and labor markets, and their constituent functions including the consumption function, saving function, investment function, money-demand function, the determinants of money supply, etc; (b) macroeconomic models: IS/LM/AD/AS in closed and open economics, and the Phillips curve; (c) macroeconomic stabilization and macroeconomic policies; and (d) introduction to growth theory.

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