2018 Fall 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;

available at UMSL Bookstore, online.

UMSL Fall 2018 Students:

Get to the Edge: of Macro at the Principles Level.

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. This means we actually use aggregate supply and demand analysis as consistent with the work of John Maynard Keynes’s most famous student, Frank Ramsey. Personalities color the landscape of foundation “principles” of macro. Why? Because the principles clash between two opposing schools of thought: the Keynesian and the Neoclassical. Learn about the how the debate started in the 1930’s with the famous American economist Irving Fisher against the famous British economist John Maynard Keynes. These give us to approaches to Macroeconomic theory and policy, to learn, consider, and apply to policy issues so as to get a full perspective of how the macre-economy works.  The neoclassical might be said to be in favor of “less” government intervention, but actually they promote “more efficient” Social Insurance programs, such as efficient banking reform after the Great Recession of 2007-2008. Keynesians have been characterized as promoting income redistribution more than efficient social insurance systems.

We cover aggregate supply and demand analysis that can be used to show business cycles (expansions and recessions) and the long term growth of the economy (“Solow” growth). We also do 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. And we combine this with a FREE EconLowdown online course, with one module each week.

We use ECONLOWDOWN of the St. Louis Federal Reserve Bank:

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


Final Exam Fall 2017

SLIDES for Each Chapter of Textbook:

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. Advanced Macroeconomics Analysis: UMSL MA Economics; FALL 2018

We use the textbook:

Advanced Modern Economics: Analysis and Application, Pearson Financial Times Press, 2011;

by Max Gillman

available at UMSL Bookstore, online.

Slides for Every Chapter of textbook

Slides for Chapter 1

Slides for Chapter 2

Slides for Chapter 3

Slides for Chapter 4

Slides for Chapter 5

Slides for Chapter 6

Slides for Chapter 7

Slides for Chapter 8

Slides for Chapter 9

Slides for Chapter 10

Slides for Chapter 11

Slides for Chapter 12

Slides for Chapter 13

Slides for Chapter 14

Slides for Chapter 15

Slides for Chapter 16

Slides for Chapter 17

Slides for Chapter 18

Slides for Chapter 19

Slides for Chapter 20

And: Will use St. Louis Macro Dynamics Club in support of Class; by Tamas Csabafi; Research Associate; UMSL Economics.

III. Monetary Theory and Policy, Economics 5200.

Also use St. Louis Macro Dynamics Club to support Class.

IV. 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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