Method for Developing Expertise in Macroeconomics

What do you need start?

An open mind

Realization that you are living Macroeconomics everyday

Recognition that choices have consequences both desirable or undesirable

Willingness to offer opinions and ideas

Who you are and how you make choices are the context for how you study.

What do you need to study??

Buzz Words - Vocabulary

Players - Contributors

Theorists: Academics who think and write about Economics
Practitioners : Business or government people who do the work of economic decision making

Rules of the Game - Theories and Concepts

Equipment - Tools and Skills and Analysis Methods: formulas, graphs, charts, and models

Stories - History and Cases

How does this work when I take a quiz or an exam?

Quizzes and exams are based on the material in the Modules.

About 55% of the questions are vocabulary based. There is a glossary and there are keyword lists for every chapter. Some words have different meanings in different subjects so stick with the textbook and don’t rely on Google (72% of googled words are off from the definition in Micro and Investopedia is only a little better) Be extra careful if you use a translator on your phone or computer

About 10% of the questions are about what the theorists and practitioners have contributed to our understanding of the topic which is usually a theory or a best practice.

Another 10% of the questions are about the theories and concepts.

About 25% of the questions are about the formulas, graphs and charts

No stories or cases on quizzes or exams…but they are there in discussions.