This course will present an indepth examination of the macroeconomy and the variables that effect the performance of our evolving economic system. The subject will be studied from a theoretical perspective that will allow the formulation and evaluation of governmental macroeconomic policies. The required text is Macroeconomics, 4th Edition by Hall and Taylor. The authors present an in-depth development of theory based on an integrated perspective of modern macroeconomic thought. Keynesian models, IS-LM analysis, rational expectations and monetary theory are all developed and critiqued from a public policy perspective.
Students are responsible for everything discussed in class.
It is important to attend all class meetings to stay current with reading assignments and course material. During the semester, two regular examinations will be given. Each will be worth 100 points and will be comprised of essay, short answer, and problem questions. A final exam will also be given that will be worth 150 points. The final will be partially comprehensive in nature.