Introduction to Macroeconomics (201-DL-20)

Instructors

Sidonia Lucrisha McKenzie

Meeting Info

Online: TBA

Overview of class

This introductory course in economics emphasizes macroeconomics for business analytics. 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. Time permitting, we will also consider contemporary issues such as the role of economic policy in addressing the COVID crisis.

The course is conducted completely online. A technology fee will be added to tuition.

Registration Requirements

Prerequisites: none.

Learning Objectives

By the end of this course, you will be able to:

Define core concepts of economic analysis and identify their use in the media and news reporting.
Discuss real-world economic outcomes and investigate what determined them.
Apply model-based thinking to evaluate personal decisions, current events, and government policies.
Critique the effectiveness of selected government policies in the U.S. using model-based thinking.
Reflect on the history of macroeconomics and its role in addressing modern challenges.
Create a policy portfolio that distinguishes between fiscal and monetary policy responses to recessions in an advanced or developing country.

Class Materials (Required)

Please purchase the textbook through Perusall.

Stevenson B. & Wolfers J. (2019). Principles of microeconomics. Worth Publishers Incorporated.

A full list of supplemental readings and media for the course is provided in Canvas.

Class Attributes

Asynchronous:Remote class-no scheduled mtg time