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syllabus - University of Southern California Marshall...

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University of Southern California Marshall School of Business Department of Finance and Business Economics BUAD 350 Macroeconomic Analysis for Business Decisions Fall 2010 Professor: Juan Eberhard Office: HOH 704 Phone: 213-740-6532 Office hours: Tuesday 10:00-11:00 and Wednesday 9:00-10:00. Monday and Friday by appointment Email: [email protected] COURSE DESCRIPTION The goal of this intermediate course in macroeconomics is to understand how economies func- tion. We will discuss both open and closed economies. The understanding of economic variables and indicators, the roles of economics institutions, and the mechanics of how the economy works as a whole allows us to make sound and informed business decisions. Economics is one of the foundations for other areas within business, such as Finance and Marketing. The economics concepts and tools presented in this course will help you to understand the issues involved in these more specialized fields. The core of the course focuses on fundamental macroeconomics questions such as long run growth, inequality, inflation, unemployment, monetary and fiscal policy, short run fluctuations of the economy, saving and investment, and exchange rate determination. We also study how government policies can affect the economy, and other sources of economic changes. We analyze how these disturbances affects important economic variables, such as interest rates and asset prices. At the end of this course, in addition to understanding the above issues at a conceptual level, you should be able to critically evaluate macroeconomic arguments in the financial press. Note that we will spend a considerable amount of time learning macroeconomic theories since those tools are very important in analyzing the real-world events in a sensible way. 1
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PREREQUISITES I will assume that you have had at least one introductory course in economics. I will also assume that you are familiar with basic algebra and math. You should expect exam questions requiring calculations. READINGS The book, MyEconLab, the study guide, and the assigned articles are all required reading for the course. Macroeconomics and MyEconLab Student Access Code Card (7th Edition), by Andrew Abel and Ben Bernanke, Addison-Wesley, 2010, with ISBN-10: 0132555328, and ISBN-13: 978- 0132555326. MyEconlab comes free with the new textbook from the bookstore. If you have a used textbook you may still purchase MyEconlab separately. To do that, go to www.myeconlab.com and then click on Students under the Register heading. You can also purchase the e-book version of the text with MyEconLab. Study Guide to Accompany Macroeconomics by Dean Croushore. Commanding Heights Video. You can stream the video directly from the PBS website for free at the following address: http://www.pbs.org/wgbh/commandingheights/lo/story/index.html.
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