First Principles Intro & Chapter One (Krugman & Wells)

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Because of the economy
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Welcome to ECON 202 - Principles
of Macroeconomics, Unit 1.
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Who is Jim Luke?




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jimluke.com
econproph.com
[email protected]
313-550-8884
Who are you?
4
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Basics
 D2L
 jimluke.com
 macro.econproph.net
 econproph.com
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How's the economy doing?
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What
to
do?
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Society’s Goals for the
Macroeconomic System
I.
II.
III.
IV.
Growth
Stable Price Level (value of money)
Full Employment
Cyclical Stability
We'll study “the economy” –
its structure, goals, performance, and policy.
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There are several major Schools of
Thought, or Theories, in macro.
In macro,
experiments are hard but ideology easy.
Errors
and
fallacies
are easy
to make
in
macro.
Thanks
16
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