L1 overview - Theory S08 Lec1-4

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S08 Lec1-1 http://www.arts.cornell.edu/econ/wissink/econ102jpw/ Announcements (Lec 1 S08) WELCOME TO… ECON 102-Lecture 1-Wissink Get “day one” handout. Drop off “class profile sheet” at end of class. All drop/add/switching should be attempted via the ON-LINE system. Persevere!! See me after class is you have registration questions. CLASS URL: http://www.arts.cornell.edu/econ/wissink/econ102jpw/
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S08 Lec1-2 http://www.arts.cornell.edu/econ/wissink/econ102jpw/ How to Beat Intro Macro Come to the lectures. Go to sections. Stay current in the textbook. Really try hard on the problems sets. Use the course Web pages. Use the various “helps” (see Web page for info) ETC Learning Strategies Center TakeNote
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S08 Lec1-3 http://www.arts.cornell.edu/econ/wissink/econ102jpw/ So what is this course about? (And what is it not about?) My working title: Introduction to Applied Macro Economic
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Unformatted text preview: Theory S08 Lec1-4 http://www.arts.cornell.edu/econ/wissink/econ102jpw/ Theory: We will construct models. Look at the world and decide what it is we want to explain or predict identify important variables state assumptions that govern the model make hypotheses analyze the model use the model to make predictions and then see if the model holds up under empirical scrutiny. S08 Lec1-5 http://www.arts.cornell.edu/econ/wissink/econ102jpw/ Economic(s): The study of the allocation of scarce resources to produce commodities to satisfy infinite human wants. Classic definition. S08 Lec1-6 http://www.arts.cornell.edu/econ/wissink/econ102jpw/ MACRO economics: MACRO VS. MICRO Micro: Looks at small pieces of the puzzle, individual markets Three basic micro questions: What? How? For Whom? How will these answers be decided? How will we like the final allocation?...
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L1 overview - Theory S08 Lec1-4

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