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Unformatted text preview: principles and the model of supply and demand. We then move to macroeconomic issues such as national income, prices and inflation, unemployment, and government monetary and fiscal policy in response to business cycles. The topics and methods we cover in this class should give you a better understanding of what’s happening in the real world with budget deficits, the national debt, unemployment, inflation, and government “stimulus” policies. It will also prepare you for other macroeconomic intensive upper level courses such as intermediate macroeconomics, money and banking, and economic development. Course Goals My goal in this course is to lay out the fundamental theories and methodologies of macroeconomics to you, including the market model, welfare, macroeconomic data, production and growth, macro finance, unemployment, money and prices, and more. I will strive toward interactive lectures, including discussion and problems. I expect you to speak up and contribute to class discussions and to notify me (hopefully during class, but at least afterwards) if things aren’t clear. Homework sets and exams will reinforce and assess the learning process. Your objective should be to develop a sufficient understanding of these macroeconomic principles, and also the ability to apply this thinking to various problems, bo...
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- Fall '08