Course Detail

Macroeconomics and the Business Environment (33050)

Course Description by Faculty

  • Rubbo, Elisa
  • Content
    This course will give you the tools to answer questions like: How does rising inflation affect the demand for businesses' products or their ability to hire and retain workers? How much control does the government have over inflation and can politicians really create jobs? What does it mean for business and workers when the Fed starts raising interest rates?

    To answer these and similar questions we refer to data from past episodes, and build a unified modeling framework which helps us to interpret the data and make predictions. We then apply our framework to understand historical events like the Great Recession as well as to evaluate the importance to businesses of current macroeconomic phenomena such as rising inflation, tightening monetary policy, large pandemic recovery packages, and global supply chain issues arising from the pandemic and international conflict. For each topic covered in the class, we also discuss the most relevant current research.

    This provides MBA students with the language and the tools necessary to understand how the broad economic environment (current geopolitical events, financial conditions, policy choices, etc.) affects business outcomes. The applied focus of this course on the business environment makes it valuable even for those students who have taken previous macroeconomics courses as undergraduates.
  • Prerequisites
    Business 33001 or its equivalent recommended.  Cannot take 33050 if 33040 taken previously: strict.
    • Strict Prerequisite

  • Materials
    Optional: Abel and Bernanke, Macroeconomics. There will also be supplementary readings and occasional handouts from the popular press. In addition, The Economist or an equivalent source of current economic news is highly recommended.
  • Grades
    Based on quizzes and a final exam.
    • Allow Provisional Grades (For joint degree and non-Booth students only)

  • Syllabus
  • Spring 2023Section: 33050-01M 1:30PM-4:30PMHarper CenterC04In-Person Only
  • Spring 2023Section: 33050-02T 1:30PM-4:30PMHarper CenterC04In-Person Only
Description and/or course criteria last updated: March 27 2023