2018 Spring Semester:

I. Principles of Macroeconomics, Economics 1002.

NEW: TEXTBOOK NOW AVAILABLE AS E-BOOK for only $60 from Kendall Hunt Publishers: Principles of Macroeconomics: An Evolutionary Approach, by Max Gillman, published Jan. 2017.

UMSL Spring 2018 Students: Teaching led by Research in Macro

We are on the cutting edge of Macro at the Principles Level and learn about the Fisher versus Keynes approaches to Macroeconomic theory and policy. The first is more into efficient Social Insurance and efficient banking reform, and the latter more into broader government intervention such as in recessions. The debate starts in the Great Depression and has re-ignited since the 2008-2009 Great Recession. We use cutting edge Microfoundations of Macroeconomics to frame the debate. We have aggregate supply and demand analysis that can be used to show business cycles (expansions and recessions) and growth of the economy over the long term (“Solow” growth). We also do a lot of student engagement to give you the opportunity to develop and express your thoughts about these policies and applications to explain broad Macroeconomic changes in the economy.

We use ECONLOWDOWN of the St. Louis Federal Reserve Bank for additonal

Online Course Modules in coordination with homework from the Textbook.

This is a great FREE resource that is the World Standard in online Economics Supplementary Teaching.

From last semester

Fall 2017  Detailed Course Outline Econ1002 Syllabus

Principles of Macroeconomics: An Evolutionary Approach, by Max Gillman, Kendall Hunt Publishing:


Final Exam Fall 2017

SLIDES for Each Chapter:

Chapt 1 slides

Chapt 2 slides

Chapt 3 slides

Chapt 4 slides

Chapt 5 slides

Chapt 6 slides

Chapt 7 slides

Chapt 8 slides

Chapt 9 slides

Chapt 10 slides

Chapt 11 slides

II. Monetary Theory and Policy, Economics 5200.

Will use St. Louis Macro Dynamics Club in coordination with Class.


Honors Seminar: “Monetary Policy in Historical Perspective”; Honors 3030, Economics 2200, History 3000.

Spring 2017 Term Paper

by Meagan Burwell:

Bernholz’s Characteristics of Hyperinflation: A Case Study of the Zimbabwean Hyperinflation of 2007-2009

by Tim Kernell:

Money in a Prisoner of War Camp


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