Parkes' Principles of Macroeconomics Assignments Page

Fall 2017, Section 3




[Home Page]



 Tentative Schedule and Course Assignments:


     PAST ASSIGNMENTS:

                             Week 14

            November 27, 2017      Chapter 18: Open-Economy Macroeconomics: Basic Concepts


            • Review the Exam
            • Chapter 18: Open-Economy Macroeconomics: Basic Concepts
              • International Flows of Goods and Capital
                • Net Exports = Net Capital Outflows
                • Saving = Investment revisited
              • Prices for International Transactions: Nominal versus Real exchange rates
              • Purchasing Power Parity
            • PowerPoint for Chapter 18: Open-Economy Macroeconomics Basic Concepts

            November 29, 2017      Chapter 18: Money Growth and Inflation continued

            • Chapter 18: Open-Economy Macroeconomics: Basic Concepts
              • Prices for International Transactions: Nominal versus Real exchange rates
              • Purchasing Power Parity
              • 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
            • PowerPoint for Chapter 18: Open-Economy Macroeconomics Basic Concepts


                             Week 13

            November 20, 2017      Exam 3, Chapters 16 & 17, and Chapters 20 & 21



            November 22, 2017      PRE - Thanksgiving Class

            • HAPPY THANKSGIVING
              • We will discuss whatever you wish!
            • NO QUIZ DAY

                             Week 12

            November 13, 2017      Chapter 21: The Influence of Monetary and Fiscal Policy on Aggregate Demand - continued


            November 15, 2017      Chapter 21: The Influence of Monetary and Fiscal Policy on Aggregate Demand continued

                             Week 11

            November 6, 2017      Chapter 20: Aggregate Demand and Aggregate Supply


            November 8, 2017      Chapter 21: The Influence of Monetary and Fiscal Policy on Aggregate Demand

                             Week 10

            October 30, 2017      Chapter 16: The Monetary System continued


            November 1, 2017      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
            • 3rd Quarter GDP (Advance number)
            • PowerPoint for Chapter 17 Money Growth and Inflation


                             Week 9

            October 23, 2017      Chapter 16: The Monetary System



            October 25, 2017      Chapter 16: The Monetary System continued
            • Chapter 16: The Monetary System continued
              • The Federal Reserve System
                • The Fed's Organization
                • The FOMC
              • Banks and the Money Supply
                • 100% Reserve Banking
                • Money Creation and Fractional Reserve Banking
              • The Fed's Tools of Monetary Policy
            • PowerPoint for Chapter 16 The Monetary System


                             Week 8

            October 16, 2017      REVIEW and Finish Chapter 15: Unemployment


            • Review for the exam


            • Finish Chapter 15: Unemployment
              • The Natural Rate of Unemployment
              • Cyclical Unemployment
              • Frictional Unemployment and Structural Unemployment
              • Discouraged Workers
            • PowerPoint for Chapter 15 Unemployment


            October 18, 2017      Exam 2, Chapters 10 - 13, and 15



                             Week 7

            October 9, 2017      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
            • Quiz #9 answers are in the PPT, Active Learning #1 - answers
            • PowerPoint for Chapter 13: Saving, Investment, and the Financial System


            October 11, 2017      Chapter 15: Unemployment

            • Chapter 13: Saving, Investment, and the Financial System
              • 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

            • 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


                             Week 6

            October 2, 2017      Chapter 11: Measuring the Cost of Living


            • Paper #1 Due in Bb Learn: Minimum Wage Revised at 11:59 pm
            • Chapter 11: Measuring the Cost of Living
              • The Consumer Price Index
              • 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
            • Quiz 8 and the answers
            • 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


            October 4, 2017      Chapter 12: Production and Growth
            • 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
              • Thomas Robert Malthus and "misery & vice"
                • PowerPoint on Malthus
            • Premium PowerPoint for Ch 12: Production and Growth


                             Week 5

            September 25, 2017      Chapter 10: Measuring a Nation's Income


            September 27, 2017      Ch. 11 Measuring the Cost of Living and finish Chapter 10
            • Chapter 10: Measuring a Nation's Income
              • The Four Components of GDP
                • Consumption or PCE (Personal Consumption Expenditures)
                • Investment Expenditures
                • Government Expenditures
                • Net Export Expenditures (Exports minus Imports)
              • Real versus Nominal GDP
              • The GDP Deflator
            • Quiz #7: Calculate Real GDP, PCE, and G growth rates and PCE/GDP Answers to Quiz #7
            • Premium PowerPoint for Ch 10 Measuring a Nation's Income



                             Week 4

            September 18, 2017      Chapter 6: Supply, Demand, and Government Policy continued


            September 20, 2017      Exam 1, Chapters 1 - 4, and 6


                             Week 3

            September 11, 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

            September 13, 2017      Chapter 4: continued and Chapter 6: Supply, Demand, and Government Policy

                             Week 2

            Labor Day Holiday September 4, 2017      Play Day


            September 6, 2017      Chapter 3: Interdependence and Gains from Trade

                             Week 1

            August 28, 2017      Chapter 1: Ten Principles of Economics


            August 30, 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
            • Quiz #2: What are the 3 goals of any Macroeconomy? Ans: Full Employment, Price Stability, and Economic Growth
            • PowerPoint for Chapter 2: Thinking Like An Economist


[Andrew Parkes' Home Page] - [Drew Parkes' Home Page]

email: andrew at andrewparkes.com
Last Update: December 2, 2017
By Andrew L. H. Parkes, Ph. D.