(1) To achieve an understanding of fundamental principles of economics such as opportunity cost, the law of demand, and comparative advantage; (2) to obtain familiarity with basic measures of aggregate economic activity such as gross domestic product, the unemployment rate, and the money supply; (3) to comprehend the essential features of the principal (competing) theories of aggregate output (or income) and employment, inflation, exchange rates and the balance of trade; and (4) to appreciate the link between macroeconomic theory and policy.
Text: McConnell, Brue, and Flynn. Macroeconomics, 19th edition (Loose Leaf plus CONNECT access), New York: McGraw Hill Irwin. ISBN: 0077337816.
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Course updates, February 28, 2014
- The Second Examination is now scheduled for Wednesday, March 12. Students will be responsible for material in Chapters 5, 7, and 9 (pp. 171-178 only) of the McConnell and Brue text.
- The Connect assignment for Chapter 7 is now due on Tuesday, March 4 by 11:59 p.m.
- The Connect assignment for Chapter 9 is now due on Friday, March 7 by 9:00 a.m.