ECON 162 syllabus

ECON 162 syllabus - ECON 162B A0 A1 Fall 2009 lecture A0...

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ECON 162B - A0, A1 Kenny Christianson Fall 2009 office: Library Tower 1013 lecture A0: MWF 9:40 – 10:40 office phone: (607) 777-4732 lecture A1: MWF 10:50 – 11:50 home phone: (607) 277-1566 Lecture Hall 008 (A0), 014 (A1) E-mail: [email protected] discussion sections A01-A12 office hours: MW 12:30 – 2:00 PRINCIPLES OF MACROECONOMICS As the title blatantly suggests, this is an introductory course in the principles of macroeconomics. The field of macroeconomics involves the study of aggregate economic variables, such as GDP (Gross Domestic Product), inflation, unemployment, the money supply, and interest rates, and how these variables affect each other and, ultimately, our standard of living. With the recent global financial crisis and recession, the study of macroeconomics is more relevant than ever. Most of the economic news that we all see, hear, and read every day concerns macroeconomic issues. Examples include the housing market crisis, the stock market, and the role of the Federal Reserve in changing interest rates; the potential for recession and the rate of growth of GDP; inflation and deflation; the national debt and growing budget deficits; the trade deficit, NAFTA and the WTO; globalization and economic development; Chinese exchange rates; Lehman Brothers, AIG, and the financial meltdown of 2007-2008; and the attempts to stimulate the economy by President Barack Obama and Federal Reserve Chair Ben Bernanke. All of these issues, and many others, are the stuff with which macroeconomics is made. READINGS The required textbooks for the course are: Kenny Christianson, Introduction to Economics (KC) Miller, Benjamin, and North, The Economics of Public Issues , 16 th edition (MBN) Miller and Benjamin, The Economics of Macro Issues , 4 th edition (Macro) The textbooks are available in the bookstore. In addition, frequent reading of the New York Times, Wall Street Journal or Internet sources is strongly encouraged. The models that we will study are much more interesting when linked with an understanding of current economic events. Assignments, review sheets, and course announcements can be found on the course home page at http://blackboard.binghamton.edu .
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ECON 162 syllabus - ECON 162B A0 A1 Fall 2009 lecture A0...

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