Macroeconomics and the Global Economic Environment


The purpose of Macroeconomics is to train students to think systematically about the current state of the economy and macroeconomic policy, and to be able to evaluate the economic environment within which business and financial decisions are made. The course emphasizes the use of economic theory and data to understand the workings of financial markets and the operation and impact of government policies. Specifically, the course studies the determinants of national income, employment, investment, interest rates, the supply of money, inflation, exchange rates, and the formulation and operation of stabilization policies.


While it is not possible to waive the Macroeconomics requirement in its entirety, students who have completed an intermediate course in macroeconomics with a grade of B+ or above will have the option to substitute the Macroeconomics core class with one of the following courses:

FNCE 7190: International Financial Markets and Cryptocurrencies
FNCE 7320: International Banking,
or FNCE 7400: Central Banks, Macroeconomic Policy, and Financial Markets.

In the Pre-Evaluation period, the transcripts submitted in students’ admissions applications were reviewed for the above academic criteria. Students who have met these criteria will see that they have been approved for a Macroeconomics substitution by credential and can take one of the above three options at any time during their four semesters.

If you feel that you have met these criteria but did not receive pre-approval for a substitution, you have the option of submitting additional information to have your credentials reevaluated. Please use the Additional Information option in the Evaluation Module.

Introductory, Elements and/or Principles of Macroeconomics do not qualify for a substitution.