2020syllabus-sp08 - ECONOMICS 2020 Principles of...

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ECONOMICS 2020 Principles of Macroeconomics Spring 2008 Professor: Billy Mertens Office: ECON 12 E-mail: mertens@colorado.edu Web: http://spot.colorado.edu/~mertens Office Hours: T 9-9:30am & 3:20-5:35pm; W 1-2pm; R 9-9:30am & 3:20-4:05pm; and by appointment. Emails: Because of the large class size, having to read through excessive and often frivolous emails can take time away from other students’ serious concerns. So please try to avoid emailing me questions for which you already have access to the answer (e.g. questions that are answered in the syllabus). Prerequisites Students must have completed ECON 2010. I assume that you did not only take the class, but also that you understand and remember the content. The prerequisite must be strictly enforced. Course Description: Principles of Macroeconomics (ECON 2020) is a companion course with Principles of Microeconomics. Together the courses introduce you to the "economic way of thinking". The central fact that underlies economics is the fact of "scarcity" in the short run. By this it is meant that our wants exceed the goods freely available from nature in the immediate future – hence choices must be made among the many things we want. This leads to the fundamental economic questions, narrowly defined, which face all societies: What to produce? How to produce? And for whom to produce? But economics really is much broader in scope than this; it is really the study of wise decision-making in all areas of life. The issues we discuss are complex but they do lend themselves extremely well to critical thinking and rational inquiry, which are the guiding principles of this course. Our goal is to become and remain informed about issues related to economics and, even more importantly, acquire the ability to think about complex issues in a logical objective manner. Thinking critically is what permits us to differentiate between the illogical and the sensible, between the misleading use of statistics and anecdotal evidence, the reasonable presentation of information. The topics covered in this course can be divided into three main categories: Fiscal Policy, Monetary Policy, and Open-Economy Macroeconomics. Macroeconomics cannot be well understood without some grounding in microeconomics, if you have not had met the prerequisite for this class you should see me during the first week of classes. A more detailed outline of covered material and chapters will be handed out or posted separately. As well as covering the material in the text, we will discuss current issues and how they relate to the economy. I will post notes on the course website, but these notes and the book are meant to complement what you learn in class – they are not substitutes for lecture materials! Note: you cannot get credit for both Economics 1000 and Economics 2010/2020.
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2020syllabus-sp08 - ECONOMICS 2020 Principles of...

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