Discussion:
Topic 1: Macroeconomic goals and macroeconomic equilibrium are the key elements in macroeconomics. What is long run macroeconomic equilibrium? What are the long run macroeconomic goals?
Topic 2: Explain the key concepts in open-economy macroeconomics. What are the major differences between closed-economy and open-economy? What are the economic policy implications of dealing with an open-economy?