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ECO 320L ECO 320L. Macroeconomic Theory. 3 Hours.

Theories of the determination of output, employment, and the price level. Basic models of growth. Design of monetary and fiscal policies, and the mechanisms by which they affect the economy. Three lecture hours a week for one semester. Required of students majoring in economics. Prerequisite: Economics 420K or 421K with a grade of at least C-.