An intermediate-level course studying the operations of the aggregate economy. Subjects covered include national income accounting, IS-LM model, aggregate demand and supply, fiscal policy, monetary policy, economic growth and the dynamic AD-AS model.

CILO-1: Interpret fundamental concepts and tools of intermediate macroeconomics, including the Investment-Saving-Liquidity-Preference-Money-Supply (i.e. IS-LM) model and the dynamic Aggregate Supply-Aggregate Demand (i.e. AS-AD) model, and apply them to in analyze the economy's long-run and short-run behaviour. CILO-2: Analyze the effects of monetary and fiscal policies on aggregate demand, output, inflation, and other key macroeconomic variables, using the models learned in the course. CILO-3: Evaluate the implications of different macroeconomic policies and shocks, such as changes in government spending, taxation, interest rates, exchange rates, and international trade, on the economy's overall performance. CILO-4: Assess the strengths and limitations of macroeconomic models and policy recommendations, and to analyze real-world economic problems and challenges from a macroeconomic perspective.