COURSE OUTLINE: ECON-002 Principles of Macroeconomics

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Dates

TOPICS

READINGS AND ASSIGNMENTS   Acrobat Reader  

Week 1

January

7, 9

(January 9 is a Sunday Schedule)

Review of Microeconomic Concepts

Macroeconomics: The Big Picture

Text: Chapters 1, 2, 3, 4 and 6

Review of Microeconomic Concepts

Chapter 6 Lecture – Macroeconomics: The Big Picture     (PPT)
LinkS: Bureau of Economic Analysis      Qatar Planning and Statistics Authority

Week 2

January

12, 14

GDP and the CPI: Tracking the Macroeconomy

Text: Chapters 6 and 7

Chapter 7 Lecture -  GDP AND THE CPI: TRACKING THE MACROECONOMY     (PPT)     GDP Deflator

LinkS: Bureau of Economic Analysis      Qatar Ministry of Development Planning and Statistics

Week 3

January

19, 21

Unemployment and Inflation

Text: Chapter 8 

Chapter 8 Lecture –uNEMPLOYMENT AND INFLATION     (PPT)     Nominal versus Real interest Rates

LinkS:  Bureau of Labor Statistics     Qatar Unemployment Rate     CPI   

Week 4

January

26, 28

Long-run Economic Growth

Text: Chapter 9

Chapter 9 Lecture –LONG-RUn ECONOMIC GROWTH     (PPT)

Week 5

February

2, 4

Savings, Investment Spending, and the Financial System

Text: Chapter 10

Chapter 10 Lecture - Savings, Investment Spending, and the Financial System    (PPT)

Video: Loanable Funds

Review for Exam 1 (Slides, Study Guide, Practice Problems)

Exam 1 (Thursday, February 6 from 3:45PM to 4:45PM) in Room 0A11, OA12, and OA13

Week 6

 

February  9

Savings, Investment Spending, and the Financial System Cont’d

Text: Chapter 10 continued

Chapter 10 Lecture - Savings, Investment Spending, and the Financial System    (PPT)

Video: Loanable Funds

Week 7

February

16, 18

Income and Expenditure

Text: Chapter 11

Chapter 11 Lecture - Income and Expenditure     (PPT)     Understanding the Multiplier    

Determining equilibrium and the MultiplieRS

Week 8

February

23, 25

Aggregate Demand and Aggregate Supply

Text: Chapter 12

Chapter 12 Lecture - Aggregate Demand and Aggregate Supply     (PPT)

Video: Aggregate Demand     Aggregate Supply     Shifts in Aggregate Supply and Demand

Week 9, March 1 - 5 (Spring Break)

WEEK 10

 March

8, 10

Fiscal Policy

Text: Chapter 13

Chapter 13 Lecture - Fiscal Policy     (PPT)

Videos: Fiscal Policy      

ASSIGNMENTS for instructional continuity:

1. Read Chapters 12 and 13 once again. Specifically focus on looking at shifts of the AD and AS curves and the adjustments back to potential output in the long run.

2. Review and complete reading of slides prepared for Chapter 13.

3. Work on Problem Set 8 which is due on March 15.

4. View the videos found in canvas (and below) for Chapters 12 and 13.

Videos: Aggregate Demand     Aggregate Supply     Shifts in Aggregate Supply and Demand     Fiscal Policy      

5. Also view the following videos.

Long-run Adjustment in AD-AS model     Fiscal Policy in the AD-AS model     Cost-Push Inflation

6. Contact me by email if you have questions. We can also set up to have an online chat using ZOOM on an individual basis if needed.

WEEK 11

 March

15, 17

Review for Exam 

     

WEEK 12

March 22 Zoom

March 24 Zoom

Money, Banking, and the Federal Reserve System

Text: Chapter 14

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

Videos: Functions of Money     M1 & M2 Money Supply     Banks and the Banking System     Money Creation in a Fractional Reserve System     Tools of Monetary Policy (Video at bottom of page)

ASSIGNMENTS for instructional continuity:

1. Keep studying for the exam on Thursday, March 26.

2. Read Chapter 14. Much of the material is fairly straight forward and can be learned by reading the textbook and looking at the notes.

3. Read slides prepared for Chapter 14.

4. Work on Problem Set 9 which is due Tuesday, March 31.

5. View the videos listed above. 

Exam 2 (Thursday, March 26 from 3:45PM to 4:45PM)

WEEK 13

March 29 Zoom

 March 31 Zoom

Money, Banking, and the Federal Reserve System Continued

 

Monetary Policy

Text: Chapter 15

Chapter 15 Lecture - Monetary Policy     (PPT)

Videos:   Opportunity Cost of Money     Money Market and FED Tools (Monetary Policy)     Monetary Policy     Monetary and Fiscal Policy

Additional Videos: The Economy is So bad     Quantitative Easing Explained         Fear the Boom and Bust

Links: Federal Reserve System

ASSIGNMENTS for instructional continuity:

1. Read Chapter 15. Much of the material is fairly straight forward and can be learned by reading the textbook and looking at the notes.

2. Read slides prepared for Chapter 15.

3. Work on Problem Set 10 which is due Tuesday, April 7.

4. View the videos listed above.

5. Stay Healthy.  

WEEK 14

April

5, 7

Inflation, Disinflation, and Deflation

Macroeconomics: Events and Ideas

Text: Chapter 16

Chapter 16 Lecture – Inflation, Disinflation, and Deflation     (PPT)

Chapter 17 Lecture – Macroeconomics: Events and Ideas     (PPT)

Week 15

 

April 14

Macroeconomics: Events and Ideas

Chapter 17 Lecture – Macroeconomics: Events and Ideas     (PPT)

Videos:   Macroeconomic Schools     Supply-Side Economics 101

Week 16

April 19, 21

 

Exam Period

FINAL EXAM

Final Exam: