COURSE OUTLINE: ECON-002 Principles of Macroeconomics

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Dates

TOPICS

READINGS AND ASSIGNMENTS   Acrobat Reader  

Week 1

January

11, 13

Macroeconomics: The Big Picture

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

Chapter 6 Lecture – Macroeconomics: The Big Picture   (PPT)

LinkS: Bureau of Economic Analysis      Qatar Planning and Statistics Authority

Videos: Classical versus Keynesian Economics     Microeconomics and Macroeconomics     The Business Cycle

Problem Set 1 – Due January 25

Week 2

January

18, 20

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: BEA GDP Data      Qatar Ministry of Development Planning and Statistics     GDP Per Capita Data

Videos: Real and Nominal GDP     Limitations of GDP     What is GDP?

Week 3

January

25, 27

Unemployment and Inflation

Text: Chapter 8 

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

LinkS: Bureau of Labor Statistics     CPI   Inflation Calculator     Inflation Rates Around the World     Labor Force Characteristics     Qatar Unemployment Rate    State Unemployment by Race and Ethnicity     World Unemployment Rates

Videos: How to Calculate the Consumer Price Index (CPI) and Inflation Rate     Understanding Unemployment

Problem Set 2 – Due February 8

Week 4

February

1, 3

Long-run Economic Growth

Text: Chapter 9

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

LinkS: Real GDP Growth     Global Stars: The Most Innovative Countries, Ranked by Income Group

Videos: Benefits and Costs of Economic Growth     Economic Growth and Development - A Comparison

Quiz 1 – February 1

Week 5

February 8

Sections

 71 and 72

 No class on February 10

Savings, Investment Spending, and the Financial System

Text: Chapter 10

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

Videos: How the Stock Market Works in 5 Minutes     Loanable Funds     Overview of Financial System

Exam 1 (Thursday, February 11 from 3:30 PM to 4:45 PM)

Week 6

February

15, 17

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

 

Income and Expenditure

Text: Chapters 10 and 11

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

Videos: How the Stock Market Works in 5 Minutes     Loanable Funds     Overview of Financial System

Chapter 11 Lecture - Income and Expenditure   (PPT)

Problem Set 3 – Due March 10

Week 7

February

22, 24

Income and Expenditure

Text: Chapter 11

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

Determining equilibrium and the MultiplieRS

Week 8, Sunday February 28, 2021 – Thursday, March 4, 2021

Spring Break, No Classes

Week 9

 March

8, 10

Aggregate Demand and Aggregate Supply

Text: Chapter 12

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

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

Problem Set 4 – Due March 22  

Week 10

March

15, 17

Aggregate Demand and Aggregate Supply Cont’d

 

Fiscal Policy

Text: Chapters 12 and 13

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

Chapter 13 Lecture - Fiscal Policy   (PPT) 

Video: Fiscal Policy    

Quiz 2 – March 17

Week 11

March

22, 24

Fiscal Policy Cont’d

Money, Banking, and the Federal Reserve System

Review for Exam 

Text: Chapters 13 and 14

Chapter 13 Lecture - Fiscal Policy   (PPT)

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

Videos: Fiscal Policy Functions of Money     M1 & M2 Money Supply    

 

Week 12

March

29, 31

Money, Banking, and the Federal Reserve System Cont’d

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)

Problem Set 5 – Due April 12

Exam 2 (Thursday, April 1 from 3:30 PM to 4:30 PM)

(Cover Chapters 10, 11, 12, 13)

Week 13

April

5, 7

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: Credit Crisis Explained     Quantitative Easing Explained         Fear the Boom and Bust

Links: Federal Reserve System

Week 14

 

April

12, 14

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)

Videos: Long run and Short run Phillips curves     Why Don’t We Print More Money

Problem Set 6 – Due April 21

Week 15

April

19, 21

Macroeconomics: Events and Ideas

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

The Quantity Theory of Money

Videos: Macroeconomic Schools     Supply-Side Economics 101

Exam Period

FINAL EXAM

Final Exam is Wednesday, April 28, 2021 9:00am - 11:00am