Principles of Econ II: Macroeconomics
Econ 102-200: TuTh 11:30-1:00 in NS Aud
Econ 102-100: TuTh 2:30-4:00 in 140 Lorch Hall
- this generally the easiest way to contact me, and I do my best to
respond within 48 hours (hopefully much quicker).
Lorch Hall, room M106 (the “M” means “Mezzanine floor”).
Wed 1-2:30 and Thurs 1-2:30,
and most other times by appointment.
For Econ 102-100,(the 2:30 Lorch lecture): Eric Orhn (
For Econ 102-200 (the 11:30 NS lecture):
James Wang (
We maintain a CTools site for this course. It contains lecture notes (with any drawings made in
class), recordings of lectures (audio only, or synced audio/video, posted under the iTunes U
link), homework assignments (and answers), required non-textbook readings, and old exams
Grades of major assignments will be posted there regularly.
Macroeconomics is the study of economic behavior in aggregate.
However we define the aggregate
(city, state, country, or world), we desire to understand the way that an economy behaves – how it grows
and changes, and perhaps most importantly, how (if at all) we can manipulate it in order to increase
Almost by definition, macro is the study of generating the greatest economic benefits
for the greatest number by the most efficient available means.
Using the most common macroeconomic
models, we will examine how aggregate wealth and well-being are determined and ask what we can do
to guide and adjust our aggregate economic fate.
Along the way, we will consider theories of money,
production, unemployment, business cycles and growth.
There are none, but comfort in the use and interpretation of graphs and in simple algebraic
manipulations will be useful.
Previous completion of Principles of Micro (Econ 101) is not required or
necessary for success in this class, but will be helpful, especially in the first two weeks, as we will move
quickly through the material where the courses overlap.
You are required to read
by Paul Krugman and Robin Wells.
read the entire book, plus some extra material to be posted on CTools as the semester progresses.
I also require that you regularly read a major newspaper.
I strongly recommend that you purchase a
semester-long subscription to the
Wall Street Journal.
We will circulate sign-up sheets in the second day
has (arguably) the best coverage of economic issues in the country, and I believe that
completion of your article response assignments (discussed below) will be easiest if you obtain a
You may, however, read any major newspaper (the
New York Times, Chicago Tribune,
Detroit Free Press, Financial Times,
etc) of your choosing.