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Lecture00 - ECN 101 UNDERGRADUATE MACROECONOMICS Course...

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ECN 101 ­ UNDERGRADUATE MACROECONOMICS Course Overview Professor: Òscar Jordà Spring2008
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Why Macroeconomics? Areweinarecession?Whatshouldwedoaboutit? TheUSdollarhaslostalmost70% ofitsvaluewithrespectto theEuro since2002.Whydidthathappen? Whatshouldwedoaboutit? TheFedorchestratedthepurchaseofBearStearnsbyJPMorgan witha 30billionloan.Whydidthathappen?Shouldtheyhavedonethat? Thefederalgovernmentwillbesendingrebatechecksofupto$600 startingsometimeinMay.Will thisstimulatetheeconomyoutofa recession? Lastsummer,theFederalfundsratewasat5.25%.Todayitislessthan half(at2.25%).Whatisthefederalfundsrateandis2.25%theright value? ll h d l l b Will youvoteinthenextPresidential ElectioninNovember?Haveyou readthecandidateseconomicprograms?Doyoufindthempersuasive? ECN 101 ECN 101 - MACROECONOMICS MACROECONOMICS slide 1
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