-1+1174 
Introduction to Macroeconomics

Emphasis on the U.S. economy, the economizing problem, demand-supply theory, national income accounting, business fluctuations, fiscal policy, and monetary policy. Required for business and economics majors.

**The current subreddit is private. Send me a private message if you are taking the class, and I will invite you: **

Lectures
    no lectures added
Prerequisites

None

Syllabus

The student will:

  1. The student will measure aggregate economic performance. The student will be able to a. calculate, given appropriate data, the national income accounts; b. compute, given appropriate data, real GDP; c. compute, given appropriate data, a current year index number.

  2. The student will evaluate the productive capacity of the economy. The student will be able to a. analyze aggregate supply; b. describe resources; c. identify sources of economic growth.

  3. The student will demonstrate an understanding of income and expenditure approach to aggregate demand and fiscal policy. The student will be able to a. explain national income accounting; b. explain shifts in aggregate demand; c. distinguish between discretionary and nondiscretionary fiscal policy; d. describe the impact of fiscal policy tools on economic performance.

  4. The student will comprehend the monetary approach to aggregate demand and monetary policy. The student will be able to a. explain the money supply; b. distinguish between discretionary and nondiscretionary monetary policy; c. describe the impact of monetary policy tools on economic performance.

  5. The student will demonstrate an understanding of market failures, externalities, and government intervention. The student will be able to a. analyze government intervention; b. explain market failures; c. relate government intervention to market failure.

  6. The student will evaluate the impact of international trade on the domestic economy. The student will be able to a. explain the basis of trade; b. list trade barriers; c. distinguish between comparative advantage and absolute advantage.

Additional information

Go at your own pace. The course will be mostly text-based and I will hopefully implement a discussion board for debates and Q&A sessions.

Teacher qualifications
not given
Latest Update

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