This course develops theoretical and empirical tools for understanding the macro economy. An emphasis is placed on reconciling various macroeconomic models with the "stylized facts" of the data. The course begins with the study of long-run economic growth, both over time and across countries. Attention is then given to modern approaches to consumption, investment, international transactions, money demand, and labor markets. These are distilled into simple general equilibrium models, with Neo-Classical and (New) Keynesian variants. Critiques of both schools of thought are explored. Finally, the efficacy of counter-cyclical policy actions is examined in detail. Current events, both within the U.S. and abroad, are regularly discussed. Upon completion of this course, students should be capable of an informed analysis of recent macroeconomic debates. They also should be prepared for upper-level electives on a variety of macroeconomic subjects.
||Gen Ed Area Dept:
|Course Format: Lecture||Grading Mode: Student Option|
||Fulfills a Major Requirement for: (ECON-MN)(ECON)
||Past Enrollment Probability: Not Available
|Major Readings: Wesleyan RJ Julia Bookstore
Numerous articles assigned during the semester
|Examinations and Assignments: |
Problem sets, quizzes, midterm exam, classroom participation, and final exam scheduled by registrar.
|Instructor(s): Hanson,Michael S. Times: .M.W... 11:00AM-12:20PM; Location: PAC107; |
|Total Enrollment Limit: 35||SR major: 6||JR major: 16|| || |
|Seats Available: 14||GRAD: 0||SR non-major: 0||JR non-major: 4||SO: 9||FR: X|
|Drop/Add Enrollment Requests|
|Total Submitted Requests: 0||1st Ranked: 0||2nd Ranked: 0||3rd Ranked: 0||4th Ranked: 0||Unranked: 0|