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2025 Spring

INTRODUCTION TO MACROECONOMICS - ECO110 Spring 2025


Course
Michael Fanta
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Lessons

Here is the course outline:

1. Session 1 – Course Introduction, Overview of Macroeconomics

Feb 4 3:30pm .. 6:15pm, 3.27

Introduction to the course structure, syllabus explanation and basic principles of macroeconomics.

2. Session 2 – How Markets Work

Feb 11 3:30pm .. 6:15pm, 3.27

Market vs. planned economies, review of supply and demand, externalities, and the effects of government interventions.

3. Session 3 – Measuring a Nation's Income and Cost of Living

Feb 18 3:30pm .. 6:15pm, 3.27

Understanding GDP, its components, limitations, and how inflation is measured, inequality and its relation to GDP.

4. Session 4 – Economic Growth

Feb 25 3:30pm .. 6:15pm, 3.27

Factors that contribute to economic growth, the role of institutions, historical and current economic growth patterns.

5. Session 5 – The Role of Financial Markets

Mar 4 3:30pm .. 6:15pm, 3.27

How savings and investments function in the economy, their impact on growth, the role of financial institutions.

6. Session 6 – The Labor Market

Mar 11 3:30pm .. 6:15pm, 3.27

Understanding unemployment, labor force participation, job creation and the impact of migration on labor markets

7. Session 7 – Mid-Term Exam

Apr 1 3:30pm .. 6:15pm, 3.27

(Exam covering material from Weeks 1–6)

8. Session 8 – Money and Prices

Apr 4 3:30pm .. 6:15pm, 3.27

Understanding the role of money in the economy, how it is managed, and the causes and consequences of inflation.

9. Session 9 – International Trade and Finance

Apr 8 3:30pm .. 6:15pm, 3.27

Understanding the flow of goods and capital across countries and the effects of open-economy policies.

10. Session 10 – Business Fluctuations

Apr 15 3:30pm .. 6:15pm, 3.27

Understanding aggregate demand and aggregate supply and their roles in business fluctuations and economic cycles.

11. Session 11 – Theories of Economic Fluctuations

Apr 22 3:30pm .. 6:15pm, 3.27

Theories explaining economic fluctuations and business cycles, historical economic cycles and policy responses.

12. Session 12 – The Role of Central Banks

Apr 29 3:30pm .. 6:15pm, 3.27

How central banks manage monetary policy to influence the economy, Federal Reserve and European Central Bank.

13. Session 13 – Government Spending, Taxation and the Short-Run Tradeoff between Inflation and Unemp...

May 6 3:30pm .. 6:15pm, 3.27

The impact of fiscal policy on the economy, understanding the Phillips Curve, policy implications on inflation and unemployment.

14. Session 14 – Final Exam

May 13 3:30pm .. 6:15pm, 3.27

Final exam

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