Lecture 1 Basics - !"# %&'() *+,,...

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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: professorpaal@gmail.com 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 ,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 8SGDWH %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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Lecture 1 Basics - !"# %&'() *+,,...

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