Intermediate Macroeconomics

Korea University

Course Description

  • Course Name

    Intermediate Macroeconomics

  • Host University

    Korea University

  • Location

    Seoul, South Korea

  • Area of Study

    Business, Economics

  • Language Level

    Taught In English

  • Course Level Recommendations


    ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.

    Hours & Credits

  • Credits

  • Recommended U.S. Semester Credits
  • Recommended U.S. Quarter Units
  • Overview

    Course Introduction:

    In this course we will study in depth the macroeconomics concepts covered in introductory courses, so a good command of the basics will be a requirement for the course. The course will also expand on other theories not considered in introductory courses. This course follows nicely from Introduction to Macroeconomics ISC 203 summer course.

    This course follows a modern approach, linking theory with reality. It is expected that the students passing the course would have a good understanding about, amongst others, economic growth, consumption theory, business cycles, the impact of fiscal and monetary policy, etc.

    It is expected that the students have a good command of basic calculus, algebra and derivations. However, maths will be used as a tool to understand the concepts and not and end by itself. It is expected that students’ answers in the exams are comprehensive and full, and not only equations.

    Text books: Please note that you will have to purchase in advance as the campus will not be selling the books.

    • Essential: Mishkin: Macroeconomics: Policy and Practice, 2nd edition (1st edition is also valid)
    • Other readings: O. Blanchard, A. Amighini and F. Giavazzi, Macroeconomics a European perspective. (Note that the international version is also valid)

    Schedule (Subject to Revision):

    1. Introduction
    2. Measurement
    3. Aggregate production
    4. Savings and investment
    5. Consumption theory
    6. Investment theory
    7. Labour markets
    8. Money and inflation
    9. Solow growth model
    10. Drivers of growth
    11. Midterm exam
    12. Fluctuations
    13. IS curve
    14. Aggregate demand
    15. Aggregate supply
    16. AS-AD
    17. Macroeconomic policy
    18. Financial system
    19. Fiscal policy
    20. International policy
    21. Final exam


Course Disclaimer

Courses and course hours of instruction are subject to change.