Macroeconomics in the Global Environment
GSM FE 834
Macroeconomics is the study of the aggregate behavior of global market participants, i.e. consumers, firms, workers, governments, central banks, foreign investors. Decision making by investment bankers, product/sales managers, policy makers, or consumers inevitably rely on an understanding of the main forces driving GDP, inflation, unemployment, interest rates, and exchange rates. Consider these questions: 1.Should new consumer durable products be launched during recessions? 2.Are countries that experience high productivity growth good investment targets? 3.Will interest rates drop if the US government starts buying back its debt? 4.With significant liquidity demands by the US economy from the public sector, the household sector and businesses, what explains the low US interest rates? Are these factors expected to keep interest rates low also in the future? 5.Can the Euro boost productivity in Europe in the medium to long run and what are the competitiveness challenges for US businesses of such changes? 6.What are the economic effects of wars and how should they be financed? These and other issues will come up in the course. The main goal of this course is to provide a coherent framework that you can use to understand economic events as you confront them in your work environment.
SPRG 2013 Schedule
|F1||Griswold||SMG 208||R 6:00 pm-9:00 pm|