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Michael Stoff, Director 305 East 23rd St, CLA 2.102, (G3600) Austin, TX 78712-1250 • 512-471-1442

Fall 2005

S S 301 • Honors Social Science: Economics

Unique Days Time Location Instructor
42495 MWF
2:00 PM-3:00 PM
UTC 3.134

Course Description

This course provides an introduction to macroeconomics in a political economy setting. The course begins with the goals of macroeconomics policy such as low unemployment and inflation and then turns to discussion of policies, such as taxes, expenditure and interest rate changes, which can be used to achieve those goals. The third part of the course then links the policy tools to the goals through consumption, investment, wages, and prices. The style of teaching is Socratic with considerable emphasis on understanding macroeconomics in the context of the economic problems experienced in the U.S. since the Second World War. In addition, however, the students are expected to gain an understanding of macroeconomic theory at the level usually required of sophomore level economics students. Finally, there is a course paper to permit the students to develop their own ideas about an economic problem of interest, and there is some use of computer models.

About the Professor David Kendrick, Sen. Ralph Yarborough Centennial Professor of Liberal Arts, has been teaching macroeconomics to Plan II students since 1988. His specialties are macroeconomics and computational economics. Professor Kendrick holds a doctorate from M.I.T. and was the winner of a President's Associates Teaching Award in 1991-92. He has published eight books.

Grading Policy

Two one-hour exams: 44% Some exercises: 13% Term paper: 15% Final exam: 28%


David A. Kendrick, Goals and Policies for the Economy, mimeo Robert E. Hall and John B. Taylor, Macro-Economics: Theory, Policy, and Performance Paul Krugman, Peddling Prosperity


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