Macroeconomics and the Global Economic Environment

Understanding the Macroeconomics Flexible Core Requirement

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.

Substitution By Credentials

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.

No action is required. Substitution by credential for Macroeconomics will be based upon a review of the transcripts you submitted as part of your admissions application. Note that Introductory, Elements and/or Principles of Macroeconomics do not qualify for a substitution.