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Econ 3004

In: Business and Management

Submitted By rw64
Words 4045
Pages 17
Intermediate Macroeconomic Analysis
Spring 2013

Textbook: Richard Froyen, Macroeconomics, 10thed.

Cases: From HBS online: http://cb.hbsp.harvard.edu/cb/access/16750635
Or available at the bookstore

Course Description:
Building off the principles of macroeconomics course, this course is concerned with the behavior of key economic aggregates including the unemployment rate, inflation rate, productivity growth, interest rates, government budget imbalances, foreign trade imbalances, et. al. We want to learn how these macroeconomic variables are determined, the causes and consequences of their variations, how they interact with each other, and how they respond to government interventions.

As a member of the business community, a journalist, educator, government official, or a stay-at-home mom, you will make decisions that should be influenced by our economy. This course endeavors to give you tools to fully interpret what is happening in the economy based on available information and an understanding of how the economic indicators influence the future. The course tries to do all of this while looking at the evolution of modern economic thought to understand how we have arrived at the conclusions and models we currently employ.

This course is for economics majors…those of you who understand why economics is the key to making good decisions. We will focus on the ability to interpret, explain, and communicate.

Approach:
The main approach is analytical, but we will incorporate a variety of learning activities to demonstrate the analysis. We will study interactions between real and nominal variables, formalize models of the economy under varying assumptions, and discuss how these models related to real life. We will follow the historical derivation of modern macroeconomics beginning with the pre-Depression day classical models and ending with

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