Parkes' Principles of Macroeconomics Assignments Page

Summer 1, 2018




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 Tentative Schedule and Course Assignments:


     PAST ASSIGNMENTS:

                             Week 3

            June 18, 2018      Chapter 15: Unemployment


            • Review the Exam - Quiz
            • Chapter 15: Unemployment
              • Identifying Unemployment
                • How is unemployment Measured?
                • What is the Labor Force?
                • The Labor Force Participation Rate
              • The Natural Rate of Unemployment
              • Cyclical Unemployment
              • Frictional Unemployment and Structural Unemployment
              • Discouraged Workers
            • PowerPoint for Chapter 15 Unemployment


            June 19, 2018      Chapter 16: The Monetary System

            June 20, 2018      Chapter 17: Money Growth and Inflation

            • 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
                • Velocity and the Quantity Equation
              • The Inflation Tax
              • The Fisher Effect
              • The Costs of Inflation
                • A Fall in PP? The Inflation Fallacy
                • Shoeleather Costs
                • Menu Costs
                • Other Costs
              • The Wizard of OZ
            • PowerPoint for Chapter 17 Money Growth and Inflation


            June 21, 2018      Exam 3, Chapters 15 - 17


                             Week 2


            June 11, 2018      Chapter 10: Measuring a Nation's Income and Begin Chapter 11: Measuring the Cost of Living



            June 12, 2018      Finish Ch. 11 Measuring the Cost of Living and begin Chapter 12: Production and Growth

            • Chapter 11: Measuring the Cost of Living - continued
              • 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

            • 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


            June 13, 2018      Chapter 13: Saving, Investment, and the Financial System

            • Chapter 12: Production and Growth continued

            • Chapter 13: Saving, Investment, and the Financial System
              • Financial Markets
                • Stock Market
                • Bond Market
                • Financial Intermediaries
                • Banks, Mutual Funds, Etc.
              • Saving and Investment in the National Income Accounts
              • Identities: Investment = private saving + public saving

              • The Market for Loanable Funds
                • 3 Very Important Graphs:
                  • Policy 1: Saving Incentives
                  • Policy 2: Investment Incentives
                  • Policy 3: Government Budget Deficits and Surpluses
                • Crowding out and the Public Debt
              • PowerPoint for Chapter 13: Saving, Investment, and the Financial System



            June 14, 2018      Exam 2, Chapters 10 - 13


                             Week 1


            June 4, 2018      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
            • 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

            June 5, 2018      Chapter 4: The Market Forces of Supply and Demand

            • 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

            • 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


            June 6, 2018      Chapter 6: Supply, Demand, and Government Policy
            June 7, 2018      Exam 1, Chapters 1 - 4, and 6




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Last Update: July 1, 2018
By Andrew L. H. Parkes, Ph. D.