Introduction to Macroeconomics (201-0-20)
Instructors
Jonas Yang Jin
Meeting Info
Tech Institute Lecture Room 3: Mon, Wed, Fri 2:00PM - 2:50PM
Overview of class
An introduction to economics with an emphasis on macroeconomics (business cycles, inflation, unemployment, economic growth). The first three weeks cover aspects of general microeconomics that everyone should know, including how the market system works, how prices are determined, why shortages and surpluses occur, and basic industrial competition. Topics include: supply and demand, competition versus monopoly, comparative advantage in trade, taxation, and market failures. The last two-thirds of the class build on these tools to study the behavior of the economy as a whole, particularly in an international context. Topics include: inflation, unemployment, recessions, booms, fiscal and monetary policy, budget deficits, economic development of nations, international trade, and exchange rates.
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.
Teaching Method
Lectures, problem sets, exams
Evaluation Method
Two midterms, one final exam, and problem sets
Class Materials (Required)
Principles of Macroeconomics, N. Gregory Mankiw, 10th edition, Cengage Learning Inc., ISBN-13: 9780357722961
Class Notes
Keeping up with economic news will be helpful, as we will discuss how the real-world events we observe fit with our models
Class Attributes
Social and Behavioral Science Foundational Discipl
Social & Behavioral Sciences Distro Area
Enrollment Requirements
Enrollment Requirements: Reserved for Economics Majors & Minors until the end of preregistration, after which time enrollment will be open to everyone who has taken the prerequisites.
Associated Classes
DIS - Frances Searle Building 3220: Thurs 10:00AM - 10:50AM
DIS - 555 Clark B03: Thurs 4:00PM - 4:50PM
DIS - Technological Institute M177: Thurs 5:00PM - 5:50PM
DIS - Frances Searle Building 2370: Thurs 10:00AM - 10:50AM
DIS - Frances Searle Building 1441: Thurs 4:00PM - 4:50PM
DIS - Technological Institute L221: Thurs 5:00PM - 5:50PM