The focus of Credit Unit 3 is macroeconomic policy; specifically, monetary and fiscal policy. The Modules explain the implementation of policy, the goals of policy, and the effect on key macroeconomic variables, e.g., real GDP, inflation, unemployment. In addition, Credit Unit 3 examines the functions of the Federal Reserve, the central bank of the United States, the money supply, and the link between inflation and unemployment.

Course Outcomes: