EMBA Success Residency in Economics – 2018

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Success Residency in Economics: Emphasis on Macroeconomics
SYLLABUS
Executive MBA Program
Sheldon B. Lubar School of Business
University of Wisconsin – Milwaukee
September 2018


Instructor: Richard D. Marcus, Ph.D., Associate Professor and Chair, Lubar School of Business Executive Committee

Office: Business Building S430F

Telephone: 414-229-4103 (faculty office) or 414-228-7731 (home) or 414-510-7731 (cell)

E-mail: marcus@uwm.edu

Dick’s HOMEPAGE: https://sites.uwm.edu/marcus/

Dick’s Lubar School page:http://uwm.edu/business/people/marcus-richard-d/

Dick’s EMBA bio page: EMBASuccess-Bio2018-22viyw2

Textbook: William Baumol and Alan Blinder, Macroeconomics: Principles and Policy, 13th Edition, Business Higher Education, ISBN-10:1-305-28060-1, 2016. In addition, an EMBA notebook of presentation slides will be available at the first day of class.

Objective: This short Economics Success Residency emphasizes the key ideas of macroeconomics. My objective will be to provide insights into the workings of an economy that are likely to have a lasting significance. Introduce concepts of aggregate demand and aggregate supply, money creation, the Federal Reserve System, business panics and cycles, and the macroeconomic policy debate on the best way to promote sustainable growth in an economy. Given the unprecedented trillions in Quantitative Easing from the Federal Reserve and our ever growing federal deficit spending, more than ever we need to understand what policies encourage economic growth and full employment.

Test: Each class there will be a daily assessment of learning objectives for that day. Each assessment will be short answer essays or problems done in assigned groups of students turning in one group answer to the economic problems or issues. There will be no final exam.

Special Needs: If anyone has need for note-taking or test-taking assistance, please feel free to discuss this with me early in the session.

Schedule: The Success Residency class meetings are are listed below.


 Schedule

Welcome Reception – Thursday, September 6, in our EMBA classroom and the Golda Meir Library, 3-8:30 pm.

Class # 1 – Demand, Supply, Business Cycles, Tariffs & Taxes – Text: Chapters 1-5 on Saturday, September 8 (noon – 3:30 PM) including a 15 minute assessment #1.

Class # 2 – Aggregate Demand, Aggregate Supply, and Fiscal Policy – Text: Chapters 6-9 on Saturday, September 22 (3 – 6:30 PM) including a 15 minute assessment #2.

Class # 3 – Fiscal & Monetary Policy, Inflation & the Quantity Theory of Money, and the meaning of the Yellow Brick Road – Text: Chapters 10-13 and also Chapter 15 on Saturday, September 29 (10:45 AM – 1:15 PM) including a 15 minute assessment #3.