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Instructor Class Description

Time Schedule:

Alexander Rodivilov
ECON 201
Seattle Campus

Introduction to Macroeconomics

Analysis of the aggregate economy: national income, inflation, business fluctuations, unemployment, monetary system, federal budget, international trade and finance. Prerequisite: ECON 200; recommended: MATH 111. Offered: AWSpS.

Class description

•Measuring aggregate economic variables: GDP and prices •Productivity and long run growth •Saving, investment, and the financial System •Unemployment and its Natural Rate •Money, the fractional reserve banking system, the role of central bank and the conduct of monetary policy •Aggregate demand and aggregate supply analysis and analysis of short term economic fluctuations •Monetary policy (analysis of demand for money and the transmission of monetary policy to changes in the real sector) •Fiscal policy, the Keynesian expenditure and tax multipliers and discussion of government deficits and national debt •Open economy macroeconomics (trade balance and exchange rates)

Student learning goals

Understand and be able to use macroeconomic terminology

Learn how the macroeconomic variables are related

Learn to read and interpret the empirical information in macroeconomic data, graphical displays, and tables

Recognize differences between short- and long-term horizons in the economy, for example, analyze sources of long-term economic growth and causes of short-term economic fluctuations

Analyze the sources of long-term prosperity and the contributing factors to long term economic growth

Analyze the causes of short-term economic fluctuations (business cycles) and the mechanism of “fixing” the economy to restore full employment (low unemployment) and low inflation

General method of instruction

Recommended preparation

Econ 200

Class assignments and grading

In order to meet the Economics department requirements, the median grade for this class will be set between 2.8 and 3.1. Grades will be curved.

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 Alexander Rodivilov
Date: 12/28/2013