Friedrich A. Hayek Professor of Economic History; Department of Economics; University of Missouri – St. Louis
Teaching
2020 Spring Semester:
Economics 2200, in Social Sciences Building Room 335;
Tues, Thurs, 11:00am to 12:30pm.
“Monetary Policy in Historical Perspective”;
Description: This is a seminar setting classroom with students doing short readings with a one paragraph description of what they get from the reading, due each class.
We will read and discuss 5 books (maybe 6). These are classics. From these you will learn the origins of banking, central banking, and what monetary policy means.
How is the global financial system insured against risk of collapse? Insight into this topical issue is developed gradually through the class readings and discussion.
– Study about the Historical Policy and How Central Banks Evolved
– Grasp the Policy Issues Today, after the Great Recession 2008-2009 Bank Crisis.
– Participate in Involved Class Discussion.
Take UMSL Macroeconomics.
Find out about our world:
Will the tax cuts keep the economy expanding and stock market values high?
Will unemployment keep falling?
Will the Federal Reserve Bank keep raising Interest Rates?
What will happen to Inflation?
How do international trade disputes affect the US economy.
Let’s ask some questions and get some answers together.
Take Principles of Macroeconomics 1002 and open your future to the breadth of Economics.
Take Masters level Advanced Macroeconomics 5002 and ensure your job choices are broad ranging..
2019 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 2019 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.
