Macroeconomics (311-0-20)
Instructors
Mark P Witte
Meeting Info
Harris Hall 107: Mon, Wed, Fri 12:00PM - 12:50PM
Overview of class
The macroeconomy is the most complex system ever studied by humans. This course develops several models that explain long and short run behavior of the macroeconomy and its sub-parts. These include output, interest and inflation rates, labor and financial markets, government and international balance. Students will be expected to understand how the interaction of the goods market and the money/asset markets can lead to possible multiple equilibria in macroeconomics, how the economy can get stuck in bad ones, and how fiscal and monetary policies may make matters better...or worse. Students will understand the measurement of price level changes, labor market variables, productivity, and the macroeconomic imbalances that can exist with the government budget and for assets and trade flows between nations in world markets. Students will understand the monetary and financial systems and how they contributed to our current situation, both in the US and Europe. Students will also understand the determinants of long run economic growth, and the resulting implications.
Registration Requirements
Prerequisites include ECON 201 and ECON 202, MATH 220-1 or equivalent. Instructor Note: Basic algebra, simple differential calculus, and graphing. Some use of spreadsheets such as Excel will be helpful for some homework.
Learning Objectives
This course should give students frameworks and economic reasoning for understanding short and long-run macroeconomic phenomena, and the possibilities and limits of macroeconomic policy.
Class Materials (Required)
Readings and notes at: http://bit.ly/Econ311-notes
Class Attributes
Social and Behavioral Science Foundational Discipl
Social & Behavioral Sciences Distro Area
Associated Classes
DIS - Technological Institute L221: Tues 9:00AM - 9:50AM
DIS - University Hall 121: Tues 10:00AM - 10:50AM
DIS - Technological Institute M164: Tues 5:00PM - 5:50PM
DIS - University Hall 121: Tues 6:00PM - 6:50PM
DIS - Parkes Hall 214: Tues 9:00AM - 9:50AM
DIS - Technological Institute LG52: Tues 10:00AM - 10:50AM