Course Outline (Updated Throughout the Course and Subject to Change)


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Dates

(2010)

Topic

Readings and Assignments (Syllabus)

Link to Interesting Articles

WEEK 1
 
January 

20 - 24

Limits, Alternatives, and Choices

Market System and the circular Flow Model

 

TExt: - Chapters 1, APPENDIX1, 2 and 3

CHAPTER 1 LECTURE – Limits, Alternatives, and Choices     (Word)


 SUPPLEMENT:  HOW TO READ AND UNDERSTAND GRAPHS     (PPT)

 

CHAPTER 2 LECTURE - The market System and the Circular Flow     (Word)

CHAPTER 3 LECTURE – DEMAND, SUPPLY AND MARKET EQUILIBRIUM     (word)

DISCUSSION BOARD - Introduce yourself (Complete by January 25)

Homework 1 available January 21 (Covers Chapters 1, 2, and 3) 

Links: Bloomsberg.com, Business Week, Economics Statistics Briefing Room, New York Times, US Economy at a Glance, Washington Post, Yahoo Finance, National Priorities Project 

WEEK 2
 
January

25- 31

Markets, Demand and Supply, and the Price System Con't

The U.S. Economy: Public and private sectors

The United States in the World Economy

 

Text - Chapters 3, 4, and 5 [Download chapter 5 (pdf) (Word)]

 

CHAPTER 4 LECTURE - The U.S. Economy: Public and Private Sectors     (PPT)

CHAPTER 5 Lecture - The United States in the World Economy     (PPT)

Homework 2 available January 26 (Covers Chapters 4 and 5)

Quiz 1 (Covers Chapters 1, 2, 3) Available January 27   - Must be completed within 1 week

(ALL QUIZZES ARE TIMED AND LIMITED TO 35 MINUTES)

 

DISCUSSION BOARD - Discussion Topic 1 Available January 25

 

Supply and Demand Practice Problems     (Word)

 

Links:    U.S. National Debt Clock, zfacts  Concord Coalition, Externalities.net Bureau of Labor Statistics, Federal Reserve Bank of Cleveland, US Economy at a Glance Universal Currency Converter

WEEK 3

February

  1 - 7

 Measuring Domestic Output and National Income

 Business Cycles,  Unemployment and Inflation

Text: Chapters 24 and 26 

CHAPTER 24 LECTURE - MEASURING DOMESTIC OUTPUT AND NATIONAL INCOME     (PPT)

Chapter 26 Lecture - Business Cycles, Unemployment, and Inflation     (PPT)

Links: Bureau of Labor Statistics, National Bureau of Economic Research

Homework 3 Available February 2 (Covers chapters 24 and 26)

Quiz 2 (Covers Chapters 4, 5, 24) Available February 4 - Must be completed within 1 week

(ALL QUIZZES ARE TIMED AND LIMITED TO 35 MINUTES)

Study Guide exam 1     (word)
WEEK 4
 February
 8 - 14		 Basic Macroeconomic Relationships Text - Chapter 27

CHAPTER 27 LECTURE – BASIC MACROECONOMICS RELATIONSHIPS: CONSUMPTION AND INVESTMENT     (Word)

Homework 4 Available February  9 (covers chapter 27)

Discussion Topic 1 Closed February 14

EXAM 1 Covers Chapters 1, 2, 3, 4, 5, 24, 26 and 27) Available online February 11 to February 21 - Time is limited to 75 minutes

WEEK 5
 
 February

15 - 21

 aggregate expenditure model

Aggregate Demand and Aggregate Supply

Fiscal Policy

text - Chapter 28, 29 and 30

Chapter 28 Lecture - Aggregate Expenditures Model     (PPT)

Chapter 29 Lecture - Aggregate Demand and Aggregate Supply     (PPT)

Chapter 30 Lecture - Fiscal Policy, Deficits, and Debt     (PPT)

Homework 5 Available February 16 (covers chapters 28, 29 and 30) 

WEEK 6

February

22 - 28

money and banking 

Money Creation 

 Text - Chapter 31 and 32

Chapter  31 Lecture – Money and Banking     (PPT)

CHAPTER 32 LECTURE – MONEY CREATION     (PPT)

Quiz 3 (Covers Chapters 28, 29, 30) Available February 24 - Must be completed within 1 week

(ALL QUIZZES ARE TIMED AND LIMITED TO 35 MINUTES)

Homework 6 Available February 23 (Covers Chapters 31 and 32)

DISCUSSION BOARD - Discussion Topic 2 Available February 22

Federal Reserve Board   Federal Reserve Economic Data 

WEEK 7
 
March

1 - 7

 

Last day to withdraw is March 5

 Interest Rates and Monetary Policy

income inequality,
economic growth AND Development		 text - Chapter 33, 20, 25 and 22W [Download Chapter 22W (pdf) (WOrd)]

CHAPTER 33 LECTURE – INTEREST RATES AND MONETARY POLICY     (PPT)

Chapters 20, 25  and 22W Lecture – Income Inequality, Economic Growth and Development     (PPT)

Homework 7 Available march 2 (Covers Chapters 33, 25, and 22W)

Quiz 4 (Covers Chapters 31, 32, 33) Available March 3 - Must be completed within 1 week

(ALL QUIZZES ARE TIMED AND LIMITED TO 35 MINUTES)

Comprehensive FINAL EXAM AVAILABLE at the Arnold and Arundel Mills Testing Center March 10 and MUST BE COMPLETED BY  March 18

TESTING CENTER Information and Hours 

Links: Transparency International, World Bank
Human Development Report   U.S. Agency for International Development   United Nations Development Program
Third World Traveler Development Gateway 

Study Guide FINAL exam     (word)

WEEK 8 extended

March

8 - 18

Final

Discussion Topic 2 Closed March 10

Comprehensive FINAL EXAM AVAILABLE at the Arnold and Arundel Mills Testing Center March 5 and MUST BE COMPLETED BY  March 18