Parkes' Principles of Macroeconomics Assignments Page, Spring 2017




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 Tentative Schedule and Course Assignments:


     PAST ASSIGNMENTS:

                             Week 14

            April 25, 2017      Continue Chapter 20: Aggregate Demand and Aggregate Supply and Fiscal Policy


            • Review Chapter 20: Aggregate Demand and Aggregate Supply and Fiscal Policy
              • Fiscal Policy: Government Spending and Tax Revenue Policy
                • Activist Policy: DO SOMETHING!!!
                  • The Economy is in a Recession: Increase G or Decrease T
                  • Fiscal Policy Lags - up to 2 years to enact fiscal policy and take effect on the economy!
                  • Lags may mean the economy is already back to long-run and NOT in a Recession anymore!
                  • Self-correcting mechanism: wages adjust, business costs adjust, price expectations adjust SHIFTING SRAS
                  • Over time the Long-run Equilibrium is reached
                • MPC + MPS = 1
              • Fiscal Policy lag, with Self-correcting Mechanism
            • PowerPoint for Chapter 21: The Influence of Monetary and Fiscal Policy on Aggregate Demand

            April 27, 2017      Chapter 21: The Influence of Monetary and Fiscal Policy on Aggregate Demand

                             Week 13

            April 18, 2017      Review and Chapter 20: Aggregate Demand and Aggregate Supply


            April 20, 2017      Chapter 21: The Influence of Monetary and Fiscal Policy on Aggregate Demand

                             Week 12

            April 11, 2017      Review and Chapter 20: Aggregate Demand and Aggregate Supply


            • Review Exam 2 first
            • Chapter 20: Aggregate Demand and Aggregate Supply
              • Why the Aggregate Demand Curve Shifts: C, I, G, NX
            • The Aggregate Supply Curve - Not on Exam 2
              • Vertical Long-Run AS
              • Shifts in the LRAS: Land, Labor, Capital, Technology
              • Short-Run Aggregate Supply
            • PowerPoint for Chapter 20: Aggregate Demand and Aggregate Supply

            April 13, 2017      EXAM 2: Chapters 12 - 13 (just the main points of 12), 15 - 20 (Just AD)


                             Week 11

            April 4, 2017      Chapter 19: A Macroeconomic Theory of the Open Economy


            • Chapter 19: A Macroeconomic Theory of the Open Economy
              • Supply and Demand for Loanable Funds and for Foreign Currency Exchange
                • Alteration in the S & D for LF
              • Equilibrium in the Open Economy
              • How Policies and Events Affect the Open Economy
                • 1. Government Budget Deficits
                • 2. Trade Policy
                • 3. Political Instability and Capital Flight
            • PowerPoint for Chapter 19: A Macroeconomic Theory of the Open Economy

            April 6, 2017      Chapter 19: A Macroeconomic Theory of the Open Economy continued

            • Chapter 19: A Macroeconomic Theory of the Open Economy
              • How Policies and Events Affect the Open Economy
                • 1. Government Budget Deficits
                • 2. Trade Policy
                • 3. Political Instability and Capital Flight
              • Begin Chapter 20: Aggregate Demand
                • 3 reasons Aggregate Demand is downward sloping
                  • 1. The Wealth Effect
                  • 2. The Interest-Rate Effect
                  • 3. The Exchange-Rate Effect
            • PowerPoint for Chapter 19: A Macroeconomic Theory of the Open Economy

                             Week 10

            March 28, 2017      Chapter 18: Open-Economy Macroeconomics: Basic Concepts


            March 30, 2017      Chapter 18: Money Growth and Inflation continued

                             Week 9

            March 21, 2017      Chapter 17: Money Growth and Inflation


            • Chapter 16: The Monetary System continued
              • The Fed's Tools of Monetary Policy
              • How the Fed influences th Quantity of Reserves
              • How the Fed Influences the Reserve Ratio
              • Problems in Controlling the Money Supply
              • Quiz 9 and 10 and the Answers to Quiz 9 and 10

            • Chapter 17: Money Growth and Inflation
              • The Classical Theory of Inflation
                • The Level of Prices and the Value of Money
                • Money Supply, Money Demand, and Monetary Equilibrium
                • The Effects of a Monetary Injection
                • A Brief Look at the Adjustment Process
                • The Classical Dichotomy and Money Neutrality
            • PowerPoint for Chapter 17 Money Growth and Inflation

            March 23, 2017      Chapter 17: Money Growth and Inflation continued

            March 11 - 19, 2017      SPRING BREAK - ENJOY!!!

                             Week 8

            March 7, 2017      Chapter 16: The Monetary System


            • Chapter 16: The Monetary System
              • The Meaning of Money
                • The 3 Functions of Money
                • The 2 Kinds of Money
                • M1 and M2
              • The Federal Reserve System
                • The Fed's Organization
                • The FOMC
              • Banks and the Money Supply
                • 100% Reserve Banking
                • Money Creation and Fractional Reserve Banking
                • Quiz #9a
            • PowerPoint for Chapter 16 The Monetary System

            March 9, 2017      Chapter 16: The Monetary System continued
            • Chapter 16: The Monetary System continued
              • Banks and the Money Supply
                • 100% Reserve Banking
                • Money Creation and Fractional Reserve Banking
                • The Money Multiplier
                • Bank Capital, Leverage, and the Financial Crisis
              • The Fed's Tools of Monetary Policy
              • How the Fed influences th Quantity of Reserves
              • How the Fed Influences the Reserve Ratio
              • Problems in Controlling the Money Supply
            • Quiz 9 and 10 and the Answers to Quiz 9 and 10
            • PowerPoint for Chapter 16 The Monetary System

                             Week 7

            February 28, 2017      Chapter 13: Saving, Investment, and the Financial System


            March 2, 2017      Chapter 15: Unemployment

                             Week 6

            February 21, 2017      EXAM 1: Chapters 1 - 4, 6 (Ceilings and Floors only), and 10 - 12 (just the beginning of 12)



            February 23, 2017      Review the Exam, Finish Chapter 12: Production and Growth, and Begin Chapter 13
            • We will review the exam - QUIZ on the EXAM!
            • Chapter 12: Production and Growth
              • Economic Growth and Public Policy
                • Saving and Investment
                • Diminishing Returns and "Catch-up"
                • Education
                • Health and Nutrition
                • Property Rights, Free Trade and Research & Development
              • Thomas Robert Malthus and "misery & vice"
            • PowerPoint for Ch 12: Production and Growth

                             Week 5

            February 14, 2017      Finish Chapter 11: Measuring the Cost of Living

            • Chapter 11: Measuring the Cost of Living
              • How is the CPI calculated
                • Fix the basket of goods
                • Find the prices
                • Compute the basket's cost
                • Choose a base year and compute the basket
                • Compute the inflation rate
            • Review: How is the CPI calculated
            • Problems in Measuring the Cost of Living
              • 1. Substitution Bias
              • 2. Introduction of New Goods
              • 3. Unmeasured Quality Change
              • 4. It's an Average
            • The GDP deflator versus the CPI
            • Correcting Economic Variables for the Effects of Inflation
              • Dollar figures from Different Times
              • Indexation
              • Real and Nominal Interest Rates
            • Premium PowerPoint for Ch. 11 Measuring the Cost of Living
            • Quiz 6
            • Answers for Quizzes 5 & 6

            February 16, 2017      Review and Introduce Chapter 12
            • Chapter 12: Production and Growth
              • Economic Growth Around the World
              • Productivity: It's Role and Determinants
                • Why Productivity is so important
                  • How Productivity is Determined?
                  • Physical Capital per worker
                  • Human Capital per worker
                  • Natural Resources per worker
                  • Technological Knowledge
            • Premium PowerPoint for Ch 12: Production and Growth

                             Week 4

            February 7, 2017      Chapter 6: Supply, Demand, and Government Policy continued


            February 9, 2017      Ch. 11 Measuring the Cost of Living and finish Chapter 10

                             Week 3

            January 31, 2017      Chapter 4: The Market Forces of Supply and Demand

            • Chapter 4: The Market Forces of Supply and Demand
              • What is a Market? A competitive Market?
              • Demand Side
                • The price of the good, movement along the curve
                • Shifts: P-P-P-INT
              • Supply Side
                • The price of the good, movement along the curve
                • Shifts: P-P-EST
              • Equilibrium: Qd=Qs
              • Surplus
              • Shortage
              • 3 Steps to Changes in Equilibrium
              • Note what Ambiguous means
            • PowerPoint for Chapter 4: The Market Forces of Supply and Demand

            February 2, 2017      Chapter 4: continued and Chapter 6: Supply, Demand, and Government Policy

                             Week 2

            SNOW DAY January 24, 2017      Play Day


            January 26, 2017      Chapter 3: Interdependence and Gains from Trade

                             Week 1

            January 17, 2017      Chapter 1: Ten Principles of Economics

            • The Syllabus, Outline, and a little about me
            • Chapter 1: What are these 10 Principles of Economics
              • How people make decisions
              • How people interact
              • How the Economy as a Whole Works
            • PowerPoint for Chapter 1: Ten Principles

            January 19, 2017      Chapter 2: Thinking Like An Economist
            • Chapter 2: Thinking Like an Economist
              • The Scientific Method and the Role of Assumptions
              • The Circular Flow: The first model of Economics we will study
              • Model 2: The Production Possibilities Frontier (PPF)
              • Positive versus Normative Economics
              • Why Economists Disagree
            • PowerPoint for Chapter 2: Thinking Like An Economist



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Last Update: May 2, 2017
By Andrew L. H. Parkes, Ph. D.