Theory of national income, its measurement and determinants; analysis of inflation, growth, debt, and public policy.
ECON 304 is a course for students wishing to further their understanding of macroeconomics. The objective of the course is for students to develop competence in using macroeconomic models to explain the determination of aggregate output, prices, employment, and growth. In addition, students should learn to analyze the impact of monetary and fiscal policy on the macroeconomy. Extensive references to current macroeconomic developments and applications of macroeconomic models are essential elements of the course.
By the end of the course, students should be able to:
- describe and analyze the determinants of output, employment, and growth in the long run;
- describe and analyze business fluctuations in the short run;
- analyze how government policy can influence the economy in both the long run and short run; and
- be aware of current developments in the macroeconomy.
This course requires the use of electronic proctoring through ProctorU, please see http://www.online.colostate.edu/current-students/proctoring.dot for detailed instructions. For students requiring accommodations, please contact Resources for Disabled Students; for consideration of exceptions outside the scope of RDS, please contact the University Testing Center
This course can be applied toward:
ECON 204 (Principles of Macroeconomics); MATH 141 (Calculus in Management Sciences) or MATH 155 (Calculus for Biological Scientists I) or MATH 160 (Calculus for Physical Scientists I).
Prerequisites: Introductory macroeconomics, introductory calculus.
Textbooks and Materials
Textbooks and materials can be purchased at the CSU Bookstore unless otherwise indicated.
- Macroeconomics - PDF Version, 7th Ed.
- Macroeconomics - Student Value Edition
Choose only one of the "Macroeconomics" books.
Thom is a fourth-year PhD candidate at CSU. Prior to his tenure at CSU, Thom attended the University of Missouri-St. Louis where he obtained B.S. and M.A. degrees in economics, as well as a B.S. in mathematics. Thom is originally from St. Louis, Missouri and has worked in the financial sector in New York City and St. Louis. He has been an economics teaching assistant for the universities he has attended, as well as teaching at CSU and Front Range Community College. His interests are the economics theory of rational addiction as well as behavioral economics with regard to socioeconomic issues such as wage discrimination, women's autonomy, and the economic impact of domestic violence and suicide. Thom's personal interests include, reading, chess, cars and computers.