COURSE OUTLINE: ECONOMICS 103 MACROECONOMIC PRINCIPLES

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Office Hours: MWF 9:00 am 9:50 am and MW 1:50 pm - 2:50 pm. Also by appointment

 

Dates

TOPICS

READINGS AND ASSIGNMENTS Acrobat Reader  

WEEK 1

 

January

17, 19

REVIEW

 

Economics: Foundations and Models

 

Trade-offs, Comparative Advantage, and the Market System

 

Where Prices Come From: The Interaction of Demand and Supply

 

Economic Efficiency, Government Price Setting, and Taxes

 

Text: Chapters 1, 2, 3 and 4 and APPENDIX  to Chapter 1

 

Chapter 1 Lecture - Economics: Foundations and Models     (RTF)    

 

Chapter 2 LectureA - Trade-offs, Comparative Advantage, and the Market System     (PPT

 

Chapter 2 LectureB - ABSOLUTE AND COMPARATIVE ADVANTAGE     (RTF)  

  

Chapter 3 Lecture - Where Prices Come From: The Interaction of Demand AND SUPPLY     (PPT)

 

chapter 4 Lecture - Economic Efficiency, Government Price Setting, and Taxes    (PPT)    

 

Practice Problems for Supply and Demand (RTF)

 

Good Website For Supply and Demand Practice

WEEK 2

 

January

22, 24, 26

GDP: Measuring Total Production

and Income

Text: Chapter 8

Chapter 8 Lecture GPD: MEASURING TOTAL PRODUCTION AND INCOME (PPT)

Link: Bureau of Economic Analysis

WEEK 3

 

January 29, 31

 

February 2

Unemployment and Inflation

Text: Chapter 9

Chapter 9 Lecture UNEMPLOYMENT AND INFLATION (PPT)

WEEK 4


 February
5, 7, 9

Economic Growth, the Financial System, and Business Cycles

Text: Chapters 10 

Chapter 10 Lecture - Economic Growth, the Financial System, and Business Cycles (PPT)

 

Study Guide Exam 1 (RTF)

 

Quiz 1 February 10

WEEK 5

 

February
12, 14, 16

Long-Run Economic Growth: Sources

and Policies

Text: Chapter 11

 

Chapter 11 Lecture - Long-Run Economic Growth: Sources and Policies (PPT)

 

Quiz 2 February 19

WEEK 6

 

 February
19, 21, 23

EXAM 1 - February 23

Catching - Up time and Review for Exam 1

 

Exam 1- FebruaRy 23 (Covers Chapters 1 to 4 and 8 to 1)

 

 

WEEK 7 

 

February 26, 28

March 2

Aggregate Expenditure and Output

in the Short Run

Text: Chapter 12

 

Chapter 12 Lecture - Aggregate Expenditure and Output in the Short Run (PPT)

WEEK 8  March 5 to March 11 - Spring Break

WEEK 9

 

March

12, 14, 16

Aggregate Demand and Aggregate

Supply Analysis

 

Text: Chapters 13

 

Chapter 13 Lecture - Aggregate Demand and Aggregate Supply Analysis (PPT)

 

CuRRENCY CONVERTER

WEEK 10

 

March

19, 21, 23

Money, Banks, and the Federal Reserve System

Quiz 3 - March 23

Text: Chapter 14

 

Chapter 14 Lecture - Chapter 14: Money, Banks, and the Federal Reserve System (PPT)

 

Links:   Federal Reserve System

 

Study Guide Exam 2 (RTF)    

WEEK 11

March

26, 28

 

Last day to withdraw with a W is March 28

Exam 2 1

Review and EXam 2 (Covers Chapters 12 to 14)

March 29 to April 2 - Easter Break

WEEK 12

 

April

4, 6

Monetary Policy

Text: Chapter 15

 

Chapter 15 Lecture Monetary Policy (PPT)

 

Videos: Quantitative Easing Explained

WEEK 13

 

April

9, 11, 13

Fiscal Policy

Text: Chapters 16

Chapter 16 Lecture FISCAL POLICY (PPT)

Videos: THE Economy is SO bad Supply-Side EconomicS 101 Fear the boom and bust

WEEK 14

 

April

16, 18, 20

Macroeconomics in an

Open Economy

Quiz 4 April 20

Text: Chapter and 17

Chapter 18 Lecture MACROECONOMICS IN AN OPEN ECONOMY (PPT)

 

Study Guide 3 (RTF)

Week 15

 

April

23, 25, 27

The International Financial System

 

Additional Issues

Chapter 19 Lecture THE INTERNATIONAL FINANCIAL SYSTEM (PPT)

Quiz 5 - April 27

WEEK  16

 

April 30

Review

Exam Period
May 2 to May 10

FINAL EXAM

Comprehensive Final Exam

See Schedule - Please be aware that the final exam schedules are NOT flexible. There will be no exceptions.