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The course examines key concepts in the areas of Macroeconomics and International Monetary Theory relevant for understanding issues in international affairs. Macro concepts include macro measurement, aggregation, economic growth, inflation, business cycles, government policies to influence the economy, the banking system and interest rates and bond markets. International Monetary concepts include balance of payments, exchange rates, international monetary system, capital flows, and global financial crises. The course is conceptual in nature and requires only basic math skills. Students taking the Essentials International Economics core will not be eligible to take most economic elective classes.