The ECON 10200: Principles of Macroeconomics course at the University of Chicago aims to introduce students to the fundamental concepts of macroeconomics. This course covers not only macroeconomic theory but also its application in public policy. It covers topics like national income, inflation, unemployment, economic growth, monetary and fiscal policy, and international economics. The course emphasizes understanding economic variables and measurements, identifying macroeconomic policies, and analyzing current economic events using theoretical frameworks.
ECON 10200: Principles of Macroeconomics at the University of Chicago is an intense course. Our economics tutors provide live, one-on-one tutoring for this course. We recommend students plan to spend at least 10 hours each week to stay on top of this macroeconomics course in addition to any tutoring time. This page covers our tutoring plan and recommendations for the students of ECON 10200: Principles of Macroeconomics Course at The University of Chicago.
- Objectives of the ECON 10200: Principles of Macroeconomics Course
- Structure of the Principles of Macroeconomics Course ECON 10200
- Prerequisites for ECON 10200 at The University of Chicago
- Teaching Format for the Principles of Macroeconomics Course at The University of Chicago
- Principles of Macroeconomics ECON 10200 Course Tutoring Plan
- Case Studies Used in Principles of Macroeconomics at The University of Chicago
- Required Textbook for ECON 10200 Principles of Macroeconomics at The University of Chicago
- Key Questions Addressed in Principles of Macroeconomics ECON 10200
- Teaching Faculty for ECON 10200 Principles of Macroeconomics Course
- Grading in the Principles of Macroeconomics Course at The University of Chicago
- Order of Topics in ECON 10200 Principles of Macroeconomics Course
- Tutoring for ECON 20200: The Elements of Economic Analysis III or ECON 10200: Principles of Macroeconomics
Objectives of the ECON 10200: Principles of Macroeconomics Course at The University of Chicago
ECON 10200: Principles of Macroeconomics course at The University of Chicago aims to introduce students to key macroeconomics concepts and its applications in public policy. By the end of this course, students should be able to understand and analyze macroeconomic data and variables, considering both short-term and long-term perspectives. They will learn to identify key components of macroeconomic theories, assess their relationships, and evaluate the impact of policies. Additionally, students will be equipped to apply the course framework to real-world scenarios, analyzing news events, op-eds, and social media discussions through a macroeconomic lens.
Structure of the Principles of Macroeconomics Course ECON 10200
Students start this course with a review of microeconomics. Here, students cover production possibility frontiers, economic efficiencies, demand-supply, market invention, international trades, and tariffs. Then the ECON 10200: Principles of Macroeconomics course moves on to cover various economic measurements & national income, where they discuss circular flow economy, data, national income accounting, inequality, unemployment, percentage change real vs nominal, price level, economic growth & the Solow model, etc.
This class at the University of Chicago then discusses production function, economic dynamics, Solow growth model, sources of economic growth and policies, short-run macroeconomic models, monetary and fiscal policy, international economics & open economy policies, etc. The course then moves to learn more about the short-run: aggregate demand and aggregate supply, which covers micro-foundation, business cycles, inflation, unemployment, labor supply, loanable funds and interest rates, financial markets, time value of money, etc. After the mid-term, the course continues on the same topics with discussions on consumption function, AD-SRAS-LRAS model, short-run and long-run equilibrium, etc.
The penultimate part of the class deals with Monetary Policy which covers Monetary Systems, Money and Banks’ Balance Sheets, Money, Demand and Supply, The Federal Reserve System and Dual Mandate and fiscal policy which covers Government Expenditure, Evaluation and Empirical Methods, Fiscal Multiplier.
The last potion of the class introduces students to International Economics where they discuss balance of payments, exchange rates, macroeconomic policies and open-economy, etc.
Prerequisites for ECON 10200: Principles of Macroeconomics Course
The prerequisite for this course is ECON 10000: Principles of Microeconomics. Doing ECON 10000: Principles of Microeconomics first ensures that students understand economic concepts before diving into macroeconomic theories and applications.
ECON 10200: Principles of Macroeconomics course at The University of Chicago is offered by the faculty of the famous Kenneth C. Griffin Department of Economics – The University of Chicago. ECON 20200: The Elements of Economic Analysis III is considered an equivalent to the ECON 10200: Principles of Macroeconomics course at The University of Chicago.
Teaching Format for the Principles of Macroeconomics Course at The University of Chicago
The course follows a traditional lecture format, with classes held twice weekly. Each session is supplemented by discussion sections led by teaching assistants, designed to help students solve problem sets and prepare for exams. Students are expected to attend classes regularly, complete weekly homework, and actively engage in discussions.
Principles of Macroeconomics ECON 10200 Course Tutoring Plan
Our economics tutor can walk you through each week’s materials and assist you in applying the concepts to the individual homework assignments or questions and case studies assigned each week. There is also a group project that involves data analysis, for which our tutors can provide group tutoring. Additionally, teaching assistants hold regular office hours for further assistance. Students are encouraged to form study groups, collaborate on practice problems, and seek help whenever needed. ECON 10200: Principles of Macroeconomics course at The University of Chicago is usually conducted at the Kent Chem Lab 120 and office hours at the Saieh Hall.
Case Studies Used in Principles of Macroeconomics at The University of Chicago
While the course doesn’t rely on traditional case studies, it incorporates real-world examples and data analysis exercises to help students apply macroeconomic theories. Students engage in a data-analysis group project that requires them to interpret economic data, which simulates real-world analysis scenarios.
Required Textbook for ECON 10200 Principles of Macroeconomics at The University of Chicago
The course recommends two textbooks. These are both famous and popular macroeconomics text books. The first one is Principles of Macroeconomics by N. Gregory Mankiw and the second textbook is Macroeconomics by Acemoglu, Laibson, et al. Students also use supplementary readings from current economic publications and journal articles available on Canvas.
Note that these are not mandatory but our tutors highly recommend that students buy these macroeconomics textbooks.
Key Questions Addressed in Principles of Macroeconomics at The University of Chicago
Key questions explored in this course include:
- How are economic growth, inflation, and unemployment measured?
- What are the drivers of economic cycles and growth in the long run?
- How do monetary and fiscal policies impact the economy?
- What role does international trade play in a country’s economic performance?
Teaching Faculty for the Principles of Macroeconomics Course
Several faculty from Kenneth C. Griffin Department of Economics – The University of Chicago teach the course, including Professor Allen Sanderson, Professor Kanit Kuevibulvanich, Professor Rui Zhao, and Professor Gina Pieter. A recent course was taught by Professor Kanit Kuevibulvanich, who brings expertise in macroeconomics and policy analysis. All faculty are supported by a team of teaching assistants each semester.
Grading in the Principles of Macroeconomics Course at The University of Chicago
Grades are based on a combination of weekly homework (18%), a data-analysis group assignment (4%), a midterm exam (30%), and a cumulative final exam (48%). Homework assignments are issued weekly, with one dropped grade allowed.
Order of Topics in Principles of Macroeconomics Course at The University of Chicago
The course covers topics in the following order:
- Introduction & Review of Microeconomics
- Economic Measurements & National Income
- Economic Growth & The Solow Model
- Short-Run Macroeconomic Models
- Monetary and Fiscal Policy
- International Economics & Open Economy Policies
This structure provides students with a comprehensive overview of macroeconomic principles, preparing them for advanced studies in economics. Please note that ECON 20200: The Elements of Economic Analysis III is considered an equivalent to the ECON 10200: Principles of Macroeconomics course at The University of Chicago.
Tutoring for ECON 20200: The Elements of Economic Analysis III or ECON 10200: Principles of Macroeconomics
GraduateTutor’s economics tutors offer tutoring for all of economics courses offered at the Kenneth C. Griffin Department of Economics – The University of Chicago. Please email or call us if we can provide you economics tutoring for ECON 20200: The Elements of Economic Analysis III or ECON 10200: Principles of Macroeconomics course or other economics courses at The University of Chicago. Or for that matter any other quantitative course you will encounter in a business-school program.