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ECON 1102 Principles of Macroeconomics

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    someguy, BARLAS, CHRISTOS, Staff, PIETERS, UNKOWN, BolormaaJamiyansuren, JustinBarnette, KailinClarke, ChrisPhelan, HOLMES, Amin,MineshDevendra, Armendariz,RamsesYusseff, Asturias,JoseG, William Speigel, Will Speagle, david bradley, Phelan,ChristopherJames
  • Average Course Rating (from 2 Students)

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  • Course Difficulty Rating

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  • Top Course Tags

    Great Intro to the Subject

    Many Small Assignments

    Always Do the Reading

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Principles of Macroeconomics Questions & Answers


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  • 50 terms

    Term:

    Incentives

    Definition:

    rewards and penalties that motivate behavior

    • Midterm One
    • 50 terms
    • Vocabulary for Midterm One. Find, create, and access Economics, Supply And Demand, producer, gross domestic product, flashcards with Course Hero.
  • 45 terms

    Term:

    Comparative Advantage

    Definition:

    the ability of a country to produce a good at lower opportunity cost than another country

    • Midterm One (Lecture)
    • 45 terms
    • Vocabulary for Midterm One (Lecture). Find, create, and access Economics, Supply And Demand, gross domestic product, GDP Growth Rate, flashcards with Course Hero.

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    • Profile picture
    Jul 06, 2017
    | Would highly recommend.

    Not too easy. Not too difficult.

    Course Overview:

    This class goes more in-depth into the economy than micro did and you get to really grasp the American economy. You also get to learn about the stock markets and obviously more in-depth on supply and demand. Although the graphs that you have to create do get more complex. Dr. Phelan is very good at teaching, he explains everything really well, and answers any questions. He also completely knows what he is talking about in economics because he is also an advisor for the federal reserve bank in minneapolis.

    Course highlights:

    You gain a lot of knowledge on the American economy. The business and economics world makes a lot more sense after this course. Even if you are not an economics major, taking micro and macro is very important to help understand the economy in which you live. These two classes made me want to become an economics major.

    Hours per week:

    3-5 hours

    Advice for students:

    The class honestly came very easy to me, just do the weekly homework and the readings. Also, before the exams go through your notes, the notes your TA gives you, and do the "harder" homework's that aren't assigned but are optional. Also, go to your TA recitation class, my TA was amazing and helped a lot.

    • Spring 2017
    • Phelan,ChristopherJames
    • Yes
    • Great Intro to the Subject Always Do the Reading Many Small Assignments
    • Profile picture
    Jan 12, 2016
    | Would recommend.

    Not too easy. Not too difficult.

    Course Overview:

    Very informative and the concepts aren't very difficult to comprehend. And it provides a good idea for what happens on a day to day basis in the world, and how one economy can have a huge impact on economies around the globe.

    Course highlights:

    I enjoyed learning about how economies such as the United States and Japan, etc. can maintain an average growth even though we may be growing in a different way than a newly developing country.

    Hours per week:

    3-5 hours

    Advice for students:

    Be open minded to the different concepts, because they may seem a little bit confusing at first, but they all come together and make sense in the bigger picture.

    • Fall 2015
    • William Speigel
    • Yes
    • Great Intro to the Subject Many Small Assignments

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