A study of classical macroeconomic models of the determination of economic aggregates such as national income, consumption, investment, government spending, exports, imports, and economy-wide variables such as the interest rate, the foreign exchange rate, the price level and inflation, and the unemployment rate. The influence of fiscal and monetary policies on the aggregate economy is examined. Students may not hold credit for ECON 2020 and any of: ECON 2471, the former ECON 2470, or the former ECON 2800. Prerequisite: [ECON 1020 or ECON 1021 or the former ECON 1200 or the former ECON 1201] or [ECON 1210 (or ECON 1211) and ECON 1220 (or ECON 1221)].
