This course provides a comprehensive exploration of the national accounting system and its implications for macroeconomic analysis. The first part of the course introduces the System of National Accounts (SNA) and the main measures of Gross Domestic Product (GDP) using the production, income, and expenditure approaches. The analysis is then extended to a multi-sector economy through Input-Output Tables (IOT), enabling students to examine basic interindustry relationships and calculate production and employment multipliers. The second part of the course introduces stock-flow consistent (SFC) models, which emphasize the connections between the real and financial sectors of the economy within a coherent accounting framework. Throughout the course, a spreadsheet program will be used as the primary tool for exploring IOT and SFC models. ECON 368 assumes prior completion of Intermediate Macroeconomic Theory (ECON 302).
- Profesor: Armando Alvarez