Billy Foster, PhD

Billy Foster

Clinical Assistant Professor of Economics at

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Quotations

If all men were equal in interest and in endowment, natural or artificial, there would be no organized economic activity to explain. Each man would be a Crusoe. Economic theory thus explains why men co-operate through trade. They do so because they are different. — James Buchanan and Gordon Tullock, The Calculus of Consent (1962)

Principles of Macroeconomics

Principles of Macroeconomics
Course numbers:
UIC – ECON 221
NEIU – ECON 121
Loyola – ECON 202

FULL SYLLABUS (.pdf)

“Economic depression cannot be cured by legislative action or executive pronouncement. Economic wounds must be healed by the action of the cells of the economic body – the producers and consumers themselves.”

- President Herbert Hoover

INTRODUCTION

This course investigates the determinants of the level of economic activity, inflation, unemployment, interest rates, the roles of fiscal and monetary policies, exchange rates, international trade.

REQUIRED TEXTS

Modern Principles of Macroeconomics, Second Edition
Cowen and Tabarrok
ISBN: 1429239980

The Choice: A Fable of Free Trade and Protectionism, Third Edition
Russ Roberts
ISBN: 0131433547

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