| ECONOMICS |
Department of Economics, Finance, and Insurance
College of Business and Public Administration Drake University, Des Moines, Iowa 50311 |
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| Econ 174 home page | Syllabus | Old exams | Announcements | Gradesheet |
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I shall argue that the postulates of the classical theory are applicable to a special case only and not to the general case, the situation which it assumes being a limiting point of the possible positions of equilibrium. Moreover, the characteristics of the special case assumed by the classical theory happen not to be those of the economic society in which we actually live, with the result that its teaching is misleading and disastrous if we attempt to apply it to the facts of experience.
It is fair to say that macroeconomics, like such fields as industrial organization, public finance, and labor economics, is now a branch of applied microeconomics.
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Instructor: William Boal (william.boal@drake.edu). Office location is 345 Aliber Hall. Office hours this semester are
Economics tutoring: See http://www.drake.edu/cbpa/econ/tutor.html.
Homework assignments: Most of the documents below are in Adobe Acrobat Portable Document Format (PDF) format. You need Adobe Acrobat Reader to view or print them. Campus users can get it free from Drake Information Technology's Public Server. Anyone can download a free copy for virtually any kind of computer (Mac, Windows, Linux, etc.) from the Adobe Web Site.
Review session (Thursday May 9): Powerpoint slides with page references in Mankiw to answers.
Actuarial Science students: Econ 174 is intended to help prepare you for the macroeconomics component of the "Course 2 Exam." Previous years' exams are posted at the web site of the Society of Actuaries ( http://www.soa.org/eande/examinations.html). Note that these exams also contain questions on microeconomics and interest rate theory, which are not covered in Econ 174.
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