Course Detail

Macroeconomics (33040)

Course Description by Faculty

  • Patterson, Christina
  • Content
    This course will introduce MBA students to a wide variety of core macroeconomics issues and tools for understanding the macroeconomy, such as the long-run trends in economic growth (and where they come from), fluctuations around those trends (booms and recessions), and government policy tools: interest rates, government spending and taxes, and tariffs, among others. The tools and frameworks from this class will be used to discuss a variety of active policy debates, including the government response to the COVID-19 crisis, which included direct transfers, expanded unemployment insurance, payroll support, and expanded Federal Reserve purchases of assets. We will also discuss and contextualize other long-standing questions around income and wealth inequality, deficit spending, and inflation, among other topics. This course is a recommended pre-requisite for most of the advanced business environment courses.
    Format
    • Lectures

  • Prerequisites
    Business 33001 or its equivalent recommended.
    Restrictions
    • No non-Booth Students

  • Materials
    Abel and Bernanke, Macroeconomics. There will also be a Canvas site with lecture notes and supplementary readings, and occasional handouts from the business press. In addition, The Economist or an equivalent source of economic news is highly recommended.
    Resources
    • Canvas Site Available

  • Grades
    Based on quizzes, a midterm, and a final exam.
    Assessment & Testing
    • Quizzes

    • Optional midterm

    • Final exam (in class)

    Restrictions
    • No auditors

    • No pass/fail grades

  • No Syllabus Available
  • Spring 2022Section: 33040-01TH 1:30PM-4:30PMHarper CenterC03
  • Spring 2022Section: 33040-85S 1:30PM-4:30PMGleacher Center406
Description and/or course criteria last updated: July 16 2021