Macroeconomics (311-CN-64)

Instructors

Mark Witte

Meeting Info

University Hall 101: Wed 6:15PM - 9:15PM

Overview of class

This course covers macroeconomics and monetary policy and the behavior of the economy as a whole, with an emphasis on the current economic crisis in the United States and Europe. Topics include income, inflation, unemployment, and growth; consumption, investment, and rate of interest; monetary and fiscal policy. Midterm and final exams, weekly quizzes and homework are the requirements for this lecture-based course.

Registration Requirements

Prerequisites: ECON 201, 202, MATH 220, or equivalents. Basic algebra and graphing.

Learning Objectives

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 it may be possible to 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.

Teaching Method

Lectures, some class participation, in-class quizzes, out of class homework, readings from texts and articles.

Evaluation Method

Midterm, final, weekly quizzes, and homework.

Class Materials (Required)

Materials will be available online.

Class Attributes

Face to face: In person, in campus space