This course examines the history, causes, and consequences of aggregate economic fluctuations, such as the Great Depression of the 1930s, the Great Inflation of the 1970s, and the Great Recession of 2007. Major topics may include the measurement of macroeconomic variables, sources of fluctuations in closed and open economies, the determination of the level of production, unemployment, interest rates, exchange rates, and the trade balance in the short run, the role of uncertainty and expectations, the role of fiscal and monetary policies, and current policy debates. Students cannot retain credit for both ECON 2016 and ECON 2015. PREREQ: ECON 1007. (lec 3) cr 3. Lecture(3.00).