Inflation and unemployment are negatively related in the short run. Describe your top three budget items, and assign each an amount of money.Read the syllabus and complete Assignments 1 and 2 as directed before the first class session on January 3. The program in economics is intended to equip students with the basic tools to understand the operation of a modern economy. Introduces students to managerial finance: the valuation of future cash flows, capital budgeting, capital structure, and banking. This allows us to keep together all the material on monetary economics (Chapters 4, 5, 7, and 8). In the second course, we cover Chapter 10.