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ECO 201 Macroeconomics

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  • Course Difficulty Rating

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    • Medium 75%

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  • Top Course Tags

    Always Do the Reading

    Great Discussions

    Great Intro to the Subject

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    • Profile picture
    Jan 15, 2017
    | Would highly recommend.

    Not too easy. Not too difficult.

    Course Overview:

    Kept me interested all semester and the instructor made sure that you understood the subject.

    Course highlights:

    I gained a very well rounded understanding of the subject but also interest in the subject that I never thought I would have.

    Hours per week:

    3-5 hours

    Advice for students:

    Come to class and pay attention, that will be 90% of getting an A.

    • Fall 2016
    • Emma Cummings
    • Yes
    • Great Intro to the Subject A Few Big Assignments Great Discussions
    • Profile picture
    Dec 30, 2016
    | Would recommend.

    This class was tough.

    Course Overview:

    Macroeconomics was a tough course, although it did provide a lot of useful information regarding how economics work on a global scale. It is a very thorough and fast paced course.

    Course highlights:

    The highlight of this course for me was learning about imports and exports and how it affected our gross national product.

    Hours per week:

    9-11 hours

    Advice for students:

    The best advice I can give is to stay on track and not fall behind. Watch the deadline closely. This course is fast paced and covers a lot of information very quickly. Do the required reading and, again, don't fall behind.

    • Fall 2016
    • Nicolas Bergen
    • Yes
    • Lots of Writing Always Do the Reading Many Small Assignments
    • Profile picture
    Sep 05, 2016
    | Would highly recommend.

    Not too easy. Not too difficult.

    Course Overview:

    Specifically, Professor Watson did an incredible job relaying the beauty that is economics. In general, macroeconomics is one of the primary tools one can use in understanding the most pervasive development in our contemporary world: globalization.

    Course highlights:

    The invisible hand Adam Smith alluded to in his seminal work, "The Wealth of Nations," in my experience, gets taken out of context far too often. After learning the principles of the law of supply and demand, this comparison suddenly appeared justly apt. Briefly, the law states that as price rises, the quantity demanded of any good or service will fall, and vice-versa. However, on the supply side, as price rises, the quantity of any good supplied also rises, and when price falls, quantity supplied falls too. The nuance of this law pervades the next 15 weeks of your macroeconomic instruction. Other concepts that resonated deeply with me were those of specialization and comparative advantage: the former promotes a division of labor that ultimately allows one to engage time more efficiently; and the latter describes the gains from trade due to specialization. There was also a monetary policy section that described the role of the Federal Reserve (The Fed) in regards to regulating and attempting to maintain the U.S. economy. This information is absolutely crucial when assessing recessions over the past 50 years and the general mood of the economy and those that drive it.

    Hours per week:

    6-8 hours

    Advice for students:

    While free market economics is one of the most beautiful theories ever constructed, it is often presented as the only logical or reasonable way to organize and allocate resources. It is certainly the best system we've come up with so far, but I urge everyone to go into this class knowing that capitalism is not the end all be all of economics systems.

    • Summer 2015
    • ChristineWatson
    • Yes
    • Great Intro to the Subject Always Do the Reading Great Discussions

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