Econ 102: Intro to MacroeconomicsUMass Boston / NavitasSummer II 2020: July 13 through August 19Monday and Wednesday 1:30PM - 5:30PMREMOTE VIA ZOOMInstructor: Robert L. ReinauerDepartment of EconomicsEmail: [email protected]Office Hours:Remote via Zoom. Tuesdays, 3:00PM - 4:00PM and by appointmentCourse Description:This course is designed to introduce classic macroeconomic issues such as growth, inflation, unemployment, interest rates, exchange rates, technological progress, and budget deficits. The course provides a unified framework to address these issues and to study the impact of different policies, such as monetary and fiscal policies, on aggregate economic performance. These analytical tools will be used to understand the recent experience of the United States and other countries and to address how current policy initiatives affect macroeconomic performance.Course Goals:This course provides an overview of macroeconomic concepts and theories and their application to current economic issues and problems, with a particular emphasis on the ways in which theoretical, historical and social context shapes our understanding of the macroeconomy and its role in our lives. The course will also introduce the student to the use of quantitative reasoning to analyze empirical economic data.Course Objectives:The student should be able to employ economic thinking skills to the understanding of, among others:Economic GrowthUnemploymentInflationTradeAggregate DemandAggregate SupplyMarket StructuresKeynesian vs. Neoclassical MacroMoney and BankingMonetary PolicyFiscal PolicyExchange Rates
TEXTBOOK:You are required to purchase the digital textbook (ebook) and Connect homework assignment software as a package. The total cost is $107.00. Required: Schiller, Bradley R. and Karen Gebhardt (2019). The Macro Economy Today (15th Edition). New York: McGraw-Hill Education. ISBN13: 978-1260105155Instructions for purchase and registration of Connect and the digital textbook are posted on our course's Blackboard page, under "Textbook and Connect purchase instructions".