Honors | Introduction to Macroeconomics - Honors (ECON)
S202 | 6595 | Willard Witte
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
short-run path of the economy. 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.
After this look at cyclical fluctuations, the course turns to longer-
run considerations. 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.
The course concludes with discussion of several broad issues
relating to the ability of government policy-makers to successfully
influence the course of the economy.
The course has two lectures each week. Grades will be based
primarily on three midterm exams and a final exam. There will also
be homework assignments during the semester (accounting for about
10% of the course grade), and the opportunity to do optional