Economics | Intro to Macroeconomics
E202 | 1653-1654 | Prof. Witte


E202 sections (1653, 1654):

This course introduces the student to analysis of the economy as a
whole.
It emphasizes the interrelationship between events in the economy's
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).