Principles of Macroeconomics

The opening of a bank vault that has metal bars surrounded by a metal circle.

A bank vault at Washington Trust Company in Pittsburgh, Pennsylvania. (Image courtesy of Brook Ward. CC BY-NC.)


MIT Course Number


As Taught In

Spring 2014



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Course Features

Course Description

This course provides an overview of macroeconomic issues: the determination of output, employment, unemployment, interest rates, and inflation. Monetary and fiscal policies are discussed. Important policy debates such as, the sub-prime crisis, social security, the public debt, and international economic issues are critically explored. The course introduces basic models of macroeconomics and illustrates principles with the experience of the U.S. and foreign economies.

Giavazzi, Francesco. 14.02 Principles of Macroeconomics, Spring 2014. (MIT OpenCourseWare: Massachusetts Institute of Technology), (Accessed). License: Creative Commons BY-NC-SA

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