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Instructor Class Description

Time Schedule:

Aditi Mitra
B CUSP 201
Bothell Campus

Introduction to Macroeconomics

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.

Class description

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.

Recommended preparation

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.

The information above is intended to be helpful in choosing courses. Because the instructor may further develop his/her plans for this course, its characteristics are subject to change without notice. In most cases, the official course syllabus will be distributed on the first day of class.
Last Update by Aditi Mitra
Date: 01/09/2014