Billy Foster, PhD

Billy Foster

Clinical Assistant Professor of Economics at

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Quotations

A planted seed has value long before it becomes a tree. The potential benefits are enough to give it value. Teaching is the planting of seeds. Knowledge, or even better, wisdom, is an investment like a tree that goes on and on producing fruit. But unlike a fruit tree, you have no idea when the fruit will come or what kind it will be. — Russell Roberts, The Price of Everything (2008)

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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