Introduction to economic concepts, institutions, and analysis, particularly as related to the economy as a whole. May be taught with traditional approach or with strong mathematical emphasis.
CDE students only, even after level restrictions are removed; Degree students enroll in EC 011 C
3 credit course. MAIN TOPICS COVERED This course is an introduction to a field of economics called Macroeconomics, which looks at the behavior of the economy as a whole. Macroeconomics directly or indirectly deals with real life questions such as: • Does globalization cause unemployment and inequality? • Will strong economic performance destroy the environment? • Why is there high inflation in Venezuela? • What is the rate of unemployment telling me about my chances to get a job after college? • What are policy makers doing when there is a financial crisis and does this work? • Why are the Federal Reserve interest rates so important for the economy? • Should I care about government debt and deficits? Macroeconomics offers a rigorous way to understand and address those questions. It relies on the study of facts, data, and theories, which are covered in this course at an introductory level. OBJECTIVES My objectives for this course are to help you: • Understand current economic issues and debates, • Acquire basic knowledge of economic concepts and data, • Learn how to use basic economic models to understand the functioning of the economy and economic policy outcomes.
• Homework assignments (30% of the semester performance). • Exams (40% of the semester performance). • Final exam (30% of the semester performance). You can either purchase the ebook online, or the loose-leaf version at the UVM bookstore. You do not need to purchase the “Sapling Plus” access. We will not use their website. Instead, you will complete your homework through Blackboard, which is free. Macroeconomics by Paul Krugman; Robin Wells ©2018 Fifth Edition eBook: ISBN-10: 1-319-10858-X; ISBN-13: 978-1-319-10858-8 Loose-leaf Version: ISBN-10: 1-319-10851-2; ISBN-13: 978-1-319-10851-9
Standard grade scale: >=97%: A+ >=93%: A >=90%: A- >=87%: B+ >=83%: B >=80%: B- >=77%: C+ >=73%: C >=70%: C- >=67%: D+ >=63%: D >=60%: D- < 60%: F
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