Lecture 1 Basics - "&&/012330 42 5/67...

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Unformatted text preview: !"# %&'() *+,, &'-') ./012330/ 42+5/67 .++, 89&:9&'-' (2;5</2 -= 4+36;3-9> !"#$%&" ( "#$%&$ Today ¡ introductions, contact information ¡ overview of the course ( Syllabu s ) ± goals ± topics ± textbook and online resources ± required and optional work ± grading ± policies ¡ preview of the model ¡ Keynesian vs. classical thinking ( Chapt e r 1 . 3 ) Next time ¡ current issues ( R e ading 1 . 1 , Chapt e r 1 . 1 ) ¡ the circular flow and national income accounting '()*+,-&)%+($ #(, &+()#&) %(.+*/#)%+( Professor Beatrix Paal ¡ email: [email protected] ¡ office: BRB 3.114, phone: 475-8531 ¡ office hours: ± M 12:30 ± 2:30 ± F afternoon by appointment Teaching assistants ¡ TBA SI session leader ¡ TBA & !"# %&'() *+,, &'-') ./012330/ 42+5/67 .++, 89&:9&'-' (2;5</2 -= 4+36;3 &9> 012*1%234 5+#6$ main goal: teach you how to read and interpret the news about the economy ¡ develop a level of understanding that allows you to critically read articles written for the business community ¡ typical publications: Th e Wall S t r ee t Journal , Th e E c onomi st , t h e Finan c ial Tim e s , speeches and posts by Fed officials, congressional testimony, etc. reading for next time ¡ R e ading 1 . 1 ³,QVLGH WKH )20&´ speech by Narayana Kocherlakota, President of the Federal Reserve Bank of Minneapolis posted on Blackboard in PDF, or read online: http://www.minneapolisfed.org/news_events/pres/speech_display.cfm?id=4525 ¡ you may want to track your accomplishment in this course: ± as you read the article, mark each point or idea according to whether you ¡ know it/ understand it already, or easily understood the argument or point ¡ roughly understand what the author is trying to say, but feel you are missing solid economics to know exactly what he means ¡ have no idea what is being said and what is the economics behind it ± re-read this article (or a similar one), at the end of the semester, and do this exercise again % 728)9++: textbook: Abel, Bernanke and Croushore: Macroeconomics 6 th edition ¡ yes, that Bernanke ¡ ³8SGDWH %RRNOHW´ ZLOO QRW EH XVHG ¡ 7 th edition is also OK, very similar (better resale value) ¡ pros: ± balanced and unified presentation of classical and Keynesian views ± high level of analysis where to buy? ¡ Co-Op has new and used copies and the value edition ¡ any online source, including the ones that sell international editions ¡ e-text: coursesmart.com ¡ e-text bundled with MyEconlab library ¡ 2 copies available for checking out ¡ 4 copies on 2-hour reserve ? !"# %&'() *+,, &'-') ./012330/ 42+5/67 .++, 89&:9&'-' (2;5</2 -= 4+36;3 %9> ;-<<62/2()$ Study guide ¡ very highly recommended; ¡ very good chapter summaries and practice questions MyEconlab ¡ recommended, but no homework from there will be required ¡ two options: ± MyEconlab course for the 6 th edition ¡ go to the myeconlab.com website, click register/student, and follow the prompts ¡ you will need the course ID: XL0J-318E-901Y-48Y2...
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This note was uploaded on 10/25/2010 for the course ECO 320L taught by Professor Kendrick during the Fall '10 term at University of Texas.

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Lecture 1 Basics - "&&/012330 42 5/67...

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