CHAPTER 1CHAPTER 1The Science of MacroeconomicsThe Science of Macroeconomicsslide 1AnnouncementsAnnouncementsFor students that require extended examination times, please see me after classThe temporary web page is up; check for homework assignmentsConference Sign Ups: If you have not done so, please see me after classThursday’s conference will be math reviewOutline for today: Introduction–Motivation–Course Outline–How ‘economists’ study economics
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CHAPTER 1CHAPTER 1The Science of MacroeconomicsThe Science of Macroeconomicsslide 2MotivationsMotivationsSome of your responses:–General knowledge in order to understand current events (the world around us)–Why are some so rich and others so poor–Make $$; Concentration RequirementsWhy do we care about the macroeconomy? That is, what is the significance/importance of learning about the economy on a national/international level?