Top Course Tags
Always Do the Reading
Great Intro to the Subject
This class was tough.
Macroeconomics is a very intense subject that is so very vital in understanding how business works. With a world that is becoming increasingly more interconnected, globalizing, countries are more intertwined than ever before. This subject is still very elusive to me and I love the fact that I struggle to wrap my head around the concept. Dadzie did not make it easy on his class, he challenged us to learn what macroeconomics truly is and how very important understanding this subject is. He taught mostly from history, and history has provided a multitude of examples of macroeconomics in the works. It was great to learn from the past and see how much economics on a global scale has changed, and is still changing, in the past 100 years. This subject was one of my favorite I have ever had the privilege of learning about, and Professor Dadzie may has sparked a flame in me to learn more about this subject until I truly understand the global mechanics of an interconnected business world.
I learned that the most brilliant minds in the world can sometimes be wrong. When you look into the pages of history you find two glaring examples of how economics has had a substantial impact on the world. The biggest example of which is, of course, The Great Depression. However, my generation has had the benefit of learning just how much economics has changed because we too have lived through a similar recession in 2007-2008 financial crisis. The way the central banks and authority figures reacted to these two similar periods in history was in fact completely different. In the years leading up to the Great Depression, the central bankers of the time: Strong of the Fed, Norman of England, Moreau of France, and Schacht of Germany did not believe their actions from 1919-1929 would be sparking a match that flamed the Great Depression. Similarly, from 2000-2007 nobody knew when the bubble was going to burst, however, we have taken much different steps to build America back than we as a country did in 1931. Yet the highlight of this course is that the world has learned from these actions, and as of 2016 it seems that we have learned how to not let a recession turn into a decade long depression. Learning about open market operations, the treasury rate, bank runs, and the departure from the gold standard has opened my eyes to the complexity of capitalism as we know it. To say I am done learning about macroeconomics would be a lie, to this day I intend to keep learning about truly a magnificent subject.
Hours per week:
Advice for students:
In order for a student to succeed in this course they must be willing to read. Macroeconomics was to me, a very difficult subject to understand. Reading about the theories, about the history, and about the current state helped me grasp what this subject was. The math in this course was fairly easy, it was the conceptual knowledge of the intricacies that challenged the class. If one intends to do well, they will read about economics, and if one does this, they will find that understanding this subject is less of a chore and more of a hobby due to the great implications it has on an increasingly global economy.