[6]
Eco 242
Macroeconomic Theory and Policy

Eshragh Motahar
Winter 2019

Office Hours:  Tuesdays and Thursdays 4:00-5:00, and by appointment.  Telephone:  388-6065.  E-mail:  motahare@union.edu

The Medium Run

The Labor Market
• Characteristics of the U.S. labor market

• Wage determination

• Price determination

• Equilibrium real wages and unemployment

• The Phillips Curve

• The Natural Rate of Unemployment, and Inflation

 
 

  Check the summary and key terms at the end of each chapter. Also, do the problems and questions at the end of each chapter.
 

Reading Assignment

Textbook and MyEconLab: Chapters 7 and 8.  You may skip questions 9 and 10 on p. 155 of the textbook.  You may also skip the Appendix on pp. 155-156 of the textbook.  Plus, you may skip questions 7-10 on pp. 173-175, and the appendix on pp.175-176 of the textbook.  Please note that ALL of the rest of the material in these two chapters is required.

Eco 242 Home