Introduction to Macroeconomics (201-0-35)
Instructors
Sidonia McKenzie
Meeting Info
Kellogg Econ Classroom 1410: Mon, Wed, Fri 3:00PM - 5:00PM
Overview of class
This is an introductory course in economics with an emphasis on macroeconomics. In the first third of the course, we will cover general microeconomic topics such as scarcity, choice, how the market system works and the effects of government intervention. This will take us up to the first midterm. Then we'll turn to long-run macroeconomics and consider such things as economic growth and consumption. This should take us through to the second midterm. We'll then look at money and inflation and finish with short-run macroeconomics and stabilization policies. We will also consider contemporary issues such as the role of economic policy in addressing environmental concerns and the COVID crisis.
Registration Requirements
Two years of high school mathematics. Basic algebra and graphing.
Learning Objectives
Upon successful completion of ECON201, students should be able to: (i) Think critically and apply learning- use the skills and knowledge learned in the class to solve new problems, and to assess implications and/or significance of personal decisions, global events, and government policy. The course is designed to help students develop an appreciation of economics as a way of thinking and approaching real-world problems. (ii) Communicate economic concepts more effectively- express your understanding of course content in respectful dialogue with others. (iii) Build community- interact with faculty and peers to develop a deeper understanding of the course material and to help others learn.
Class Materials (Required)
The text for the course is Principles of Macroeconomics 1st ed. (2020) by Betsey Stevenson and Justin Wolfers, Macmillan. Additional readings may be assigned.
Class Notes
Frequent reading assignments from the WSJ.
Class Attributes
Social & Behavioral Sciences Distro Area
SDG Reduced Inequality
SDG Decent Work & Economic Growth