This course in applied macroeconomics combines theory, history, and statistics, focusing on the economic analysis of some outstanding historical episodes in the United States and Europe. The goal is not to establish chronology so much as to show how macroeconomic theory and simple statistical techniques can shed light on the causes of inflation, depression, and asset price fluctuations. Probable topics are: the Great Depression, the German hyperinflation, the stagflation of the 1970s, stabilization of inflation, macroeconomic determinants of stock price fluctuations, consumer confidence, and macroeconomic implications of oil price changes.
In Fall 2007, students may not receive credit for ECON 395, section 002 and ECON 412.
For textbook information, please visit the ECON Textbook Information Website. Information will be posted for each class as soon as it is available.