21st Century Macroeconomics (Accredited)

Standard textbook macroeconomics is built on post-WWII Keynesian theory and the neo-classical critiques of the 1970s and 1980s. This model worked well to explain macroeconomic developments and growth during the last decades of the 20th century. Unfortunately, the growth of a globalized economy, a growing pace of technological change, aging populations, and (until very recently) very low interest rates highlighted the weaknesses of earlier models. In response, new models of macroeconomics and new tools of macroeconomic management arose.

This seminar will consider the older models, the lessons they taught, and how they failed to deal with the economic changes of the 21st century. It will then present a look at the new tools of macroeconomic management and provide an assessment of their efficacy. Finally, the seminar will provide a look at a newer model of the macroeconomy that is gaining traction as the “correct” model of the 21st century macroeconomy: the “Fed” model.

Continuing Education Credit: Certificate for 7.5 hours
Optional Credit: ½ UCCS ECON 6310 or 6320 Graduate Credit Hour, $50.
Faculty: Dale DeBoer, PhD, Professor, UCCS
Travel Stipend: $50 travel stipends are available for teachers traveling more than 75 miles one-way to attend the class
Includes: Light breakfast, lunch for in-person attendees