ECON 437: Applied Monetary Policy and Practice

Course Description

Students will learn how to forecast macroeconomic conditions. In doing so, students will examine how consumer and business practices affect, and are in turn affected by, the current conditions and outlook for the U.S. economy. Basic statistical skills necessary to forecast macroeconomic conditions will be taught. Students will analyze how the government’s monetary policy practices and government decision-making is based on such macroeconomic forecasts. As a team, the students will present a recommended macroeconomic policy to a board of economists at the Chicago Federal Reserve Bank. Prerequisites: (ECON 201 or 209 and ECON 202 or 208; and ECON 305 or 331 and ECON 210 or MATH 301 with a grade of C or better in each class) AND EITHER (Admitted Business majors; Admitted Econ Bus majors, Econ COLS majors & minors) OR (44 credits with no more than 21 credits of 300/400 level College of Business courses and 2.5 GPA) Special fees may apply.