This course develops a simple general-equilibrium framework for understanding the macroeconomy. The model includes treatments of consumption, investment, and wage- and price-setting behavior. Fiscal, monetary, and exchange-rate policy are all discussed and analyzed in detail. We discuss the interaction of these various patterns of individual behavior and government policies to produce the evolution of macroeconomic quantities such as output, unemployment, and inflation. An emphasis is placed on developing the ability to apply this framework to analyze the macroeconomic effects of a variety of events. Current events, both within the United States and abroad, are regularly discussed. We will discuss empirical testing of various parts of the theoretical framework. 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
|SECTION 02 In-person only|
|Major Readings: Wesleyan RJ Julia Bookstore
Numerous articles assigned during the semester
|Examinations and Assignments: |
Problem sets, midterm exam, classroom participation, and final exam scheduled by the Registrar.
|Instructor(s): Craighead,Bill Times: ..T.R.. 10:30AM-11:50AM; Location: SCIE121; |
|Total Enrollment Limit: 35||SR major: 6||JR major: 12|| || |
|Seats Available: 0||GRAD: 0||SR non-major: 4||JR non-major: 4||SO: 9||FR: 0|
|Drop/Add Enrollment Requests|
|Total Submitted Requests: 0||1st Ranked: 0||2nd Ranked: 0||3rd Ranked: 0||4th Ranked: 0||Unranked: 0|