This course explores contemporary macroeconomic policy through the lens of the Federal Reserve System, offering students an examination of monetary policy formation, implementation, and economic impact. The course critically examines the Fed's dual mandate of maximum employment and price stability, investigating the multitude of economic indicators used to evaluate the state of the economy with respect to the mandates. Course materials will include in-depth case studies, speeches by Fed Governors and Reserve Bank Presidents, analysis of recent monetary policy decisions, news articles, and academic research. Students will also work with data hands-on in replication exercises and in conducting their own economic analysis anchored by theoretical macroeconomic frameworks. Students will also have the opportunity to craft presentations similar to those in the National Fed Challenge. The overarching goal is for students to gain insights into the Fed’s decision-making processes that shape national and global economic landscapes.

Units: 1

Max Enrollment: 25

Prerequisites: ECON 102 and concurrent enrollment in either ECON 103 or STAT 160.

Distribution Requirements: SBA - Social and Behavioral Analysis

Degree Requirements: DL - Data Literacy (Formerly QRDL)

Typical Periods Offered: Spring

Semesters Offered this Academic Year: Spring

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