ISYLSUM09 - Rutgers University Summer 2009 Department of...

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Rutgers University Department of Economics Summer 2009 Neil Sheflin Introduction to Macroeconomics 220:103 Section B6 revised 5/20/09 What caused the current recession ? Could it become a depression Why or why not? Are monetary and fiscal policy being used appropriately? Why does it matter? What’s GDP , and why does it matter? What causes unemployment and what can President Obama do about it? What’s inflation , and what harm does it cause? How fast will our economy and our wealth grow in the long-run. What is money and what role does it have in the economy? What’s the Fed and what is it doing now? What does China have to do with the U.S. economy? What does China’s exchange rate have to do with anything? What's bad about government deficits and the national debt ? The trade deficit ? How does international trade impact our economy? What’s the role of the stock market and how can you make (and lose) a fortune on it? Macroeconomics studies the behavior of the aggregate economy and deals with the determinants of a nation’s output and income , the determinants of the average level of prices and their rate of change (inflation), and the determinants of growth in an economy. While an Introductory Microeconomics course is highly recommended , it is not required if one is prepared to quickly catch-up (but if you have a choice, take Micro first). Above all, this is intended to be an interesting, important, useful, and demanding course dealing with issues you will certainly face in your private, public, and professional lives and which will provide you with useful and usable skills and insights (and some cookies ). Instructional Goals: Successful students will: Develop an understanding of macroeconomic terms, models, and institutions and of how the macro economy works Develop the ability to graphically, statistically and analytically examine macroeconomic variables, relationships and models Gain the tools necessary to understand and analyze current macroeconomic issues and policies and understand financial markets. Develop useful study, learning and collaborative skills. IMPORTANT NOTICE. To take this course you MUST : Be prepared to put in the same time and effort as for a regular semester course, which is greatly compressed in the summer This means regular attendance and 10+ hours of week on coursework outside of class. Unexcused absence from more than 2 classes will be grounds for failing the course. Have high-speed access to the Internet at least several times a week. (dorm, library, home, starbucks)
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ISYLSUM09 - Rutgers University Summer 2009 Department of...

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