Billy Foster, PhD

Billy Foster

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Quotations

The more abundant and complex the statistical data and methods used in support of a conclusion, the weaker the result. Just as in a detective novel where the person with the more elaborate alibi is most likely to be guilty. Hard results in science rest on minimal, if any, statistics. — Nassim Nicholas Taleb

Posts Tagged ‘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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In Fear the Boom and Bust, John Maynard Keynes and F. A. Hayek, two of the great economists of the 20th century, come back to life to attend an economics conference on the economic crisis.