Macroeconomics（英文班）Prof. Cheng Sun

Guanghua School of Management Fall 2015 (14 Lecture notes Week 8 mid-exam +12HW+PDF TEXTBOOK）

This course is about macroeconomics - the study of economic growth, business cycles, money, inflation,government policies, unemployment and asset pricing. The main prerequisite of this course is intermediate microeconomics. This course also requires basic knowledge of algebra and calculus.


The goal of this course is to enable students to assess the macroeconomic environment in which a business operates. Macroeconomic conditions play important roles in business decisions and performance: Aggregate income, unemployment, and inflation rate influence profitability, interest rates determine the cost of capital, and exchange rates affect international competitiveness. At the end of the course it is expected that students will be able to critically asses how possible developments in the macro economy and international economy -- such as the change in the monetary policy stance by the Central Bank of China or the Federal Reserve, for example -- will affect the business environment relevant to their specific industry.