BUSINESS CYCLES

Catalog description

This course examines the historical context and theoretical foundations of the expansion and contraction of the U.S. economy. Students explore questions such as why the Roaring '20s were followed by a decade of breadlines and high unemployment, how century-old financial institutions nearly collapsed during the Great Recession and how events such as these impact the broader macroeconomy. Students evaluate the design of macroeconomic policy and its influence on the business cycle. Students develop analytical skills and gain hands-on empirical experience analyzing these issues using data. PREREQ: ECON 202 AND ((COBE MAJOR: 2.50 CUMULATIVE GPA) OR (NON-COBE MAJOR/MINOR/COBE MINOR: 60 CREDITS AND 2.00 CUMULATIVE GPA))