Introduction to Macroeconomics (201-0-25)
Instructors
Richard E H Walker
Meeting Info
Kellogg Econ Classroom 1410: Tues, Wed, Thurs 9:00AM - 11:15AM
Overview of class
This is an introductory course in economics with an emphasis on macroeconomics. The first, more 'microeconomic' third of the course will cover general 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. We'll then turn to long-run macroeconomics and consider such things as economic growth and unemployment. This should take us through to the second midterm. We'll then look at money and inflation. We'll finish with short-run macroeconomics, with a focus on the role of monetary and fiscal policy in stabilizing the business cycle. En route, time permitting, we will consider such contemporary issues as the role of economic policy in addressing environmental concerns and the recent financial crises.
Registration Requirements
Two years of high school mathematics. Basic algebra and graphing.
Learning Objectives
Students will be expected to understand some of the basic tools and models that economists use.
Class Materials (Required)
None.
Class Materials (Suggested)
Modern Principles: Macroeconomics by Cowen and Tabarrok (2nd edition), ISBN: 978-1429239981. [Later editions are fine, but it should be easy to pick up a cheaper used copy of the 2nd edition.]
Class Attributes
Social and Behavioral Science Foundational Discipl
Social & Behavioral Sciences Distro Area