Syllabus_ECO106_Lonning_h09 - Department of Economics,...

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Department of Economics, DePaul University Macroeconomics: ECO – 106 Fall 2009 Meets : Tuesday and Thursday, 8:30 – 10 a.m., Room: Lewis 1210. Professor: Ingunn Lonning, e-mail: Office Ho urs: Tuesday and Thursday 11:45 am – 12:45 pm and by appointment. If you can not make any of these times due to other commitments, send me an e-mail, so we can set up another time. When you arrive, ask for me at the front desk in the Economics Department, 6th floor, DPC. Text: Krugman and Wells, Macroeconomics , 2 nd edition. Worth Publishers, 2009 with Aplia home work package. Note: You will need to buy access to the Aplia web page in order to do the assigned home works. The Aplia home works are part of your grade in the class. Further information about options for getting the textbook and online access is provided on Blackboard and will be discussed in the first class. The online assignments can be started before the start of the quarter. Additional Readings: Various articles and hand-outs may be assigned during the quarter. These will be posted on Blackboard or handed out in class. Course Description How difficult or easy will it be to get a job in the near future? Will interest rates on loans go up or down? Is it profitable for the US to trade with other countries? In this class we will discuss economic models that can be used to address these and other questions relating to the economy. We will use fundamental theories of macro (or aggregate) economics: theories for aggregate supply and demand, national income accounting and analysis, and international trade. We will analyze the gains from trade, what makes economies grow, and the problems of unemployment and inflation, and we discuss policies designed to combat these and other economic problems. Course Outline We start with a discussion of economics and economic models. Using a model of international trade we analyze gains from trade. We define the area of macroeconomics and discuss how to measure economic activity and what makes economies grow in the long run. Why do we have more goods than generations before us, and why do some countries have more goods than others? We analyze how some people’s savings turn into others’ investments, and the role of financial markets in this process. Then we turn to business cycles: we discuss what unemployment is and causes of unemployment. We use a model of aggregate demand and supply to discuss how the government may implement
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Syllabus_ECO106_Lonning_h09 - Department of Economics,...

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