COURSE OUTLINE: ECONOMICS 103 – MACROECONOMIC PRINCIPLES

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Dates

TOPICS

READINGS AND ASSIGNMENTS   Acrobat Reader  

WEEK 1

 

January

16, 18

REVIEW

 

What is Economics?

The Economic Problem

 Demand and Supply

 

The Current State of the Economy and Major Issues

 

 Chapter Objectives

  Chapters 1 2, 3

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

 

Chapter 1 Lecture - What Is Economics?     (WORD)

Chapter 2 Lecture - THE ECONOMIC PROBLEM     (WORD)

Chapter 3 Lecture - DEMAND AND SUPPLY     (PPT)

How to Read and Understand Graphs     (PPT) No need to download)

 

Practice Problems for Supply and Demand     (WORD)

 

Good Website For Supply and Demand Practice

 

Videos: White House on Economy     Another View

WEEK 2

 

January

23, 25

Measuring GDP and

Economic Growth

 

 Chapter Objectives

  Chapter 4

Text: Chapter 4

Chapter 4 Lecture - MEASURING GDP AND ECONOMIC GROWTH     (PPT)

Link: Bureau of Economic Analysis

WEEK 3

 

January 30

 

February 1

Monitoring Jobs

and Inflation

 

Chapter Objective

Chapter  5

Text: Chapter 5

Chapter 5 Lecture - MONITORING JOBS AND INFLATION     (PPT)

Quiz 1 – February 1

WEEK 4


 February

6, 8

Economic Growth

 

Income Inequality

 

Chapter Objectives

Chapters 6, 7

 

Text: Chapters 6 

Chapter 6 Lecture - Economic Growth     (PPT)

 

Income Inequality and Poverty

 

Study Guide Exam 1     (WORD)

WEEK 5

 

February

13, 15

Finance, Saving and

Investment

 

Chapter Objectives

Chapter 7

Text: Chapter 7

 

Chapter 7 Lecture - FINANCE, SAVING, AND INVESTMENT     (PPT)

 

Quiz 2 – February 15

 

Catching - Up time and Review for Exam 1

WEEK 6

 

 February

20, 22

EXAM 1 - February 20

 

Money, the Price Level

and Inflation

Exam 1- FebruaRy 20 (Covers Chapters 1 to 7)

 

Text: Chapter 8

 

Chapter 8 Lecture - Money, the Price Level and inflation     (PPT)

WEEK 7 

 

February 27

March 1

Money, the Price Level

and Inflation Cont’d

 

Exchange Rates and the Balance of Payments

 

Chapter Objectives

Chapter 8

Text: Chapters 8 and 9

 

Chapter 8 Lecture - Money, the Price Level and inflation     (PPT)

 

Chapter 9 Lecture - Exchange Rates and the Balance of payments     (PPT)

 

Online Day is March 1. Please watch the following video: Inside the Meltdown and take the Online Quiz 3 (covering Chapters 8 and 9 and the video) available on Moodle. The quiz must be completed by March 13.

WEEK 8  March 5 to March 11 - Spring Break

WEEK 9

 

March

13, 15

Aggregate Supply and

Aggregate Demand

 

Chapter Objectives

Chapters 9, 10 

Text: Chapter 10

 

Chapter 10 Lecture - aggregate Supply and AggregatE Demand     (PPT)

 

CuRRENCY CONVERTER

WEEK 10

 

March

20, 22

Aggregate Supply and

Aggregate Demand

 

Chapter Objectives

Chapter 10

Text: Chapter 10

 

Chapter 10 Lecture - aggregate Supply and AggregatE Demand     (PPT)

Quiz 4 - March 20

Study Guide Exam 2     (WORD)    

WEEK 11

March 27

Exam 2

Exam 2 (Covers Chapters 8 to 10)

March 29 to April 2 - Easter Break

Last day to withdraw  with a W is April 3

WEEK 12

 

April

3, 5

Expenditures Multipliers: The Keynesian Model

U.S. Inflation, Unemployment, and Business Cycle

Chapter Objectives

Chapter 11, 12

Text: Chapters 11 and 12

 

Chapter 11 LectureA - Expenditure Multipliers: The Keynesian Model     (PPT)

 

Chapter 11 LectureB – UNDERSTANDINGTHEMULTIPLIER     (RTF)

 

Chapter 12 Lecture - U.S. INFLATION, UNEMPLOYMENT, AND BUSINESS CYCLE     (PPT)

WEEK 13

 

April

10, 12

U.S. Inflation, Unemployment, and Business Cycle

Fiscal Policy

 

Chapter Objectives

Chapters 12, 13

Text: Chapters 12 and 13

Chapter 12 Lecture - U.S. INFLATION, UNEMPLOYMENT, AND BUSINESS CYCLE     (PPT)

Chapter 13 Lecture – FISCAL POLICY     (PPT)

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

WEEK 14

 

April

17, 19

Monetary Policy

 

Chapter Objectives

Chapters 14

Text: Chapter and 14

Chapter 14 Lecture  – MONETARY POLICY     (PPT)

 

Links:   Federal Reserve System

Quiz 5 – April 17

Study Guide 3     (WORD)

Videos: Quantitative Easing Explained     

Week 15

 

April

24, 26

Additional Issues

Lecture – ISSUES     (PPT)

Exam Period
May 2

 to

May 10

FINAL EXAM

See Schedule