ECON 102 LECTURES FOR 2026 XXXX

PREFACE

• Course Information

  • Course: Introduction to Macroeconomics (ECON 102)
  • Department: Economics (DOE), University of Liberia (UL)
  • Semester Hours: 3
  • Offered: 2nd Semester of every academic year

• Course Overview

  • Builds on high school education in economics.
  • Covers a range of macroeconomic topics including:
  • Full employment
  • Price level stability
  • Economic growth
  • Circular flow of income
  • GDP/GNP
  • National income
  • Unemployment
  • Inflation
  • The role of government
  • Fiscal and monetary policies
  • International monetary arrangements
  • Economic bubbles and crashes
  • Explains disparities in wealth among countries, and causes and effects of inflation and unemployment.
  • Encourages practical application of economic issues in the real world.

• Active Student Involvement

  • Success in the course requires: attending lectures, completing assignments, participating in discussions, and maintaining a mature classroom behavior.
  • Emphasizes the necessity of effort from both students and instructor for optimal learning.

COURSE DESCRIPTION

• Definition of Macroeconomics
  • Derived from Greek prefix makro- meaning "large"; studies the economy as a whole, rather than individual markets.
  • Accounts for national, regional, and global economies.
  • Highly