Macroeconomics and the Global Economy
- Grades 7-11
- Advanced CTY-Level
What are the key indicators of an economy’s performance? How do governments craft policies that promote economic growth? What does it mean for a country to have a trade deficit? Analyzing economies at an aggregate level, macroeconomics explores questions such as these, providing a bird’s-eye view of economic activity. This course surveys fundamental concepts in macroeconomics, including money, banking, inflation, employment, national income, economic growth, financial markets, and the role of public policy. Building upon this foundation, you’ll consider the global economy and issues in international trade and finance; and examine the comparative advantage and balance of payments, exchange rates, and foreign currencies. By applying mathematical concepts to theory, you’ll learn how professionals in the field analyze and predict changes in the economy. Through lectures, readings, discussions, simulations, and research, you’ll gain a firm grounding in macroeconomics, an introduction to central concepts in international trade and finance, and a deeper understanding of the state of the U.S. and world economies today.
Typical Class Size: 16-18
- Construct and apply basic principles of macroeconomics to solving real-world problems
- Determine diagrammatic and graphical methods of macroeconomics and apply these to domestic and global economies
- Compare and contrast economic policy issues systematically, including the recognition of different values and the problem of conflicting goals within an economic system
- Identify factors of economic growth and compare and contrast economic growth across countries
- Examine and analyze the necessity of trade, and factors that determine a country’s ability to trade
- Justify ideas around comparative advantage and balance of payments to determine which countries should trade which goods and for how much
Summer Dates & Locations
Testing and Prerequisites
|Required Level||Advanced CTY-Level||or Advanced CTY-Level|
Students must achieve qualifying scores on an advanced assessment to be eligible for CTY programs. If you don’t have qualifying scores, you have several different testing options. We’ll help you find the right option for your situation.Sign up for Testing Learn More
Course PrerequisitesMacroeconomics and the Global Economy requires:
Cost and Financial Aid
- Nonrefundable Application Fee - $50 (Waived for financial aid applicants)
- Nonrefundable International Fee - $250 (outside US only)
Financial Aid is available
We are committed to serving all talented youth regardless of financial circumstances. Financial assistance is available based on need.
Please acquire all course materials by the course start date, unless noted as perishable. Items marked as “perishable” should not be acquired until the student needs them in the course. If you have questions about these materials or difficulty locating them, please contact [email protected].
These titles have been featured in past sessions of the course, and may be included this summer. CTY provides students with all texts; no purchase is required.
- Macroeconomics, Paul Krugman and Robin Wells
About Mathematics at CTY
Explore the study of shapes
Many of our courses allow students to describe the world around them in basic and profound ways. Our younger students learn about shape, scale, and proportion in Geometry and Spatial Sense. Middle School students explore beautiful real-world applications of lines; analyze data based on curves that fit a uniform, symmetric and bell-shaped, or skewed pattern in Data and Chance. And advanced students explore the underlying mathematics and fundamental characteristics of shapes, distance, and continuous deformations in our proof-based Topology course.
Dive deep into logic and reasoning
Our courses in formal logic give you the tools to question the world around you. Inductive and Deductive Reasoning introduces younger students to different types of reasoning, as well as the strengths and weaknesses inherent in various forms of critical analysis. Older students explore how logical reasoning can explain (or fail to explain) counter-intuitive results in Paradoxes and Infinities, or take a more rigorous approach to formal logic in Mathematical Logic.