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ECON 204 - Principles of Macroeconomics (GT-SS1)

Determinants of national output, employment, and price level; inflation and unemployment; fiscal and monetary policy. This course is designed as an introductory survey of economy-wide phenomena such as inflation and unemployment, as well as determinants of national output, employment, and the general price level. The role of monetary and fiscal policy will be surveyed and applied via macroeconomic theory. Her fields of interest are public economics and international economics. During her free time, she likes to golf and try out different recipes.

Maame Hagan. The primary focus of this course is on the development of analytical prowess or "critical thinking.

ECON Principles of Macroeconomics | Saylor Academy

As a result, economics is a very broad social science drawing upon the interconnectedness of human action. We model human behaviors within particular institutional arrangements. This course focuses on the macroeconomy including government policies designed to influence, direct, and coordinate economics behavior. The two major categories of policies covered here are fiscal policy and monetary policy. We will address how we recognize the business cycle, why we may want to use policy to adjust that cycle, and what polices would be called from in both the fiscal and monetary policy actions spheres.

We will also develop an understanding of the monetary system. Be prepared to participate in the discussion in the first class. Prepare written answers to the study guide questions. Be prepared to participate in the discussion in the fourth class. Class 1 Introduction 1. The Big Ideas in Economics 2. The Power of Trade and Comparative Advantage.

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Supply and Demand 4. Price Ceilings and Price Floors. Class 4 Economic Growth and Productivity 8. Stock Markets and Personal Finance Political Economy and Public Choice. Unemployment and Labor Force Participation Inflation and the Quantity Theory of Money. Optional Mid-term Assignment The optional mid-term assignment will be a take-home examination covering course materials up to that point and will be similar to the final examination.

Its format will be multiple choice and short answer. This midterm is best viewed as learning opportunity for students. No matter how many Cengage access codes you need or online textbooks and study tools you use, the price of Cengage Unlimited stays the same. Gregory Mankiw is Robert M. Beren Professor of Economics at Harvard University.

  1. The Power of Argumentation!
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For 14 years he taught EC10 Principles, the most popular course at Harvard. Mankiw is a prolific writer and a regular participant in academic and policy debates. His research includes work on price adjustment, consumer behaviour, financial markets, monetary and fiscal policy, and economic growth. Mankiw has been a research associate of the National Bureau of Economic Research, an adviser to the Federal Reserve Bank of Boston and the Congressional Budget Office, and a member of the ETS test development committee for the advanced placement exam in economics.

From to , he served as chairman of the President's Council of Economic Advisers. Would you like to tell us about a lower price? If you are a seller for this product, would you like to suggest updates through seller support? With its clear and engaging writing style, this book emphasizes only the material that will help you better understand the world in which you live, will make you a more astute participant in the economy, and will give you a better understanding of both the potential and limits of economic policy.

The latest relevant examples bring macroeconomic principles to life. Acclaimed text author N. Gregory Mankiw explains, "I have tried to put myself in the position of someone seeing economics for the first time. My goal is to emphasize the material that students should and do find interesting about the study of the economy. Read more Read less.

Macroeconomics- Everything You Need to Know

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