Rutgers University Department of Economics Fall 2015 Neil Sheflin Introduction to Macroeconomics220:103:01 Revised 8/21IMPORTANTNOTICE Our class maybe part of a pilot study of an adaptive learning/spaced interval tool (essentially ‘smart’flashcards) developed by Cerego LLC (a private company), under a grant from the Gates Foundation to provide enhanced student learning and retention. Unless you chose not to participate, you will be able use this online system at no charge for about an hour (or more) a week as part of the course homework. It will count for 15% of your total points which determine your grade. There is reason to believe that this system will help with student learning and grades in the course. Cerego will use your email address as a login for the system, and your performance score using the flashcards will be visible to them, and of course to me. They will not see any other grade or other personal information of yours. They will be getting aggregate data about the class, but only averages and totals for all 350 students. At the end of the course, you will be asked to fill out an anonymous online questionnaire, but it will be voluntary and you need not do it. I will be writing a memo with my sense of how well it worked for students, and will be providing aggregate comparisons with previous semester’s results, specifically average grade on the final exam, but will provide no information on individual students. Cerego will be providing Rutgers an implementation grant to facilitate this. If you don’t wish to participate, you can see me privately at any time and opt for an alternative study aid –essentially creating your own weekly set of print or online flashcards, and taking a weekly timed quiz. I will also post a confidential online opt-out form. If you do not see me and/or fill out the online form, I will assume that you have no objection to using this system as a study aid. If you have any questions about your rights as a research subject, you may contact the IRB Administrator at Rutgers University at: Rutgers University Institutional Review Board for the Protection of Human Subjects Office of Research Regulatory Affairs 3 Rutgers Plaza New Brunswick, NJ 08901-8559 Tel: 848-932-0150 Email: [email protected]As of 8/21 it is still not certain that we will be able to get University approvals in time to participate in the pilot study, but it is looking more likely –I will keep you updated. What’s the Fed going to do next? (monetary policy) And how will this affect you? Was the greatrecessionavoidable? What did economists and politicians do wrong? Right? (fiscal and monetary policy) Could it have become a depression?What caused it? What did we do about it? Why does it matter? What’s going on in Europe? And how does it matter to us? What’s GDPand why is it “grossWhat causes unemploymentand what policies can reduce it (want a job?) What’s inflation, and what harm does it cause? And how about deflation? How do interest ratesmatter? How fast will our economy and our wealth grow? What is money”?