Economics | Introduction to Macroeconomics
E202 | 1725 | Witte

This course introduces the student to analysis of the economy as a
whole.  It emphasizes the interrelationship between events in the
markets for goods, for financial assets, and for factors of
production. The course
begins with an overview of the structure of the macro economy, and
then turns to the forces determining the long-run path of the economy.
Questions examined in this section include: What determines the rate
of economic growth? What factors explain the overall behavior of
prices? Policy issues include the implications of government budget
deficits and the effects of and prospects for the Social Security
system.  After this look at long-run forces, the rest of the course
focuses on the shorter cyclical fluctuations which characterize
industrial economies.  In this part of the course, the effects of
monetary policy actions by the Federal Reserve will be examined.
Interactions between the markets for goods, financial markets, and the
labor market will be central to this discussion.  The course has two
lectures each week. There will also be voluntary help/review sessions
each week. Grades will be based primarily on two midterm exams and a
final exam. There will also be homework assignments during the
semester (accounting for about 15% of the course grade), and points
for participation (about 5% of the course grade).