B CUSP 201
Analysis of the aggregate economy: national income, inflation, business fluctuations, unemployment, monetary system, federal budget, international trade and finance. Prerequisite: B CUSP 200; recommended: B CUSP 123. Offered: AWSp.
This course in macroeconomics is an introduction to understanding the aggregate measures in the economy, such as GDP, unemployment and inflation. The graphical framework to which we will constantly refer, will enable us to examine both short run implications and long run effects of various economic policies. Our analysis will include examination of monetary and fiscal policies and their effects on the interest rate, inflation, investment, economic activity and the employment of resources. This will provide insight as to how policy can be used to achieve macroeconomic goals , and what happens when the policy is ineffective!
Student learning goals
Achieve a fundamental understanding of macroeconomic theory, concepts and terminology.
Understand the basics of how the global economy works in the aggregate level
Learn how macroeconomic variables are related.
Learn to read and interpret the empirical information in macroeconomic data, graphical displays, and tables.
General method of instruction
Power Point slides, handouts, lecture notes.
Class assignments and grading
Weekly quizzes / graded class discussions based on homework assignments (20 minutes). In addition to this there will be two 2 hour long exams: Exam 1 around week 5, Exam 2 around week 10.