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Econ+102+lecture+1%2C+1-5-12+-+Intro+to+Intro+to+Macro copy...

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Lecture 1: Introduction to Introductory Macroeconomics Econ 102, Winter 2012 1/5/2012 1 Required reading : Ch 1:  all, pp. 5-19 Ch 6:  all, pp. 153-169 
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Course structure Book & required reading GSIs / discussion sections Attendance i>clicker Assignments “Weekly” homework (0/1 graded) 3 Article responses 3 non-cumulative exams Newspaper articles Circulate WSJ sign-up next lecture, Thurs Can also sign up at WSJstudent.com 1/5/2012 2
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Course structure 1/5/2012 3 My lecture notes serve for later study, as much as for  in-class lecture notes Contain lots of info; don’t try to just write what’s on  the screen Lecture is being recorded – if you miss something I  said, mark “*” or “?” in your notes and listen again  I don’t recommend printing small slides with a few  lines and taking notes there – too small, too little  space to write. When opening the computer file, most slides have  “notes” of clarification that may be handy (and worth  printing?)
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Course structure My goal for the class: to give you a language to speak  about what’s going on in the current economy, and a  framework in which to think about it Discuss the recent recession/crisis as we go along  acknowledge that we’re never quite sure what is  going on as we speak (nor is hindsight 20/20) acknowledge that our explanation for what’s going  on will likely change in the near/far future The principles are here to understand WHY policies  are being proposed (infrastructure stimulus, tax  cuts, cuts to teacher salaries), and their pros and  cons.
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