Parkes' Principles of Macroeconomics Assignments Page

Fall 2019, Section 5




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 Tentative Schedule and Course Assignments:


     PAST ASSIGNMENTS:


                                   Week 6

            October 1, 2019      Chapter 11: Measuring the Cost of Living

            • 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 11
            • 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 3, 2019      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
            • Premium PowerPoint for Ch 12: Production and Growth


          • Due October 10, before 11:59 pm. Paper #1 Due in Bb Learn: Minimum Wage: Where are we now?



                                   Week 5

            September 24, 2019      Chapter 10: Measuring a Nation's Income
            September 26, 2019      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 #9: Calculate Real PCE, Investment, and G growth rates and PCE/GDP
            • Premium PowerPoint for Ch 10 Measuring a Nation's Income

                                   Week 4

            September 17, 2019      Chapter 6: Supply, Demand, and Government Policy continued
            September 19, 2019      Exam 1, Chapters 1 - 4, and 6



                                   Week 3

            September 10, 2019      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 12, 2019      Chapter 4: continued and Chapter 6: Supply, Demand, and Government Policy

                                   Week 2

            September 3, 2019      Chapter 3: Interdependence and Gains from Trade
            • Chapter 3: Interdependence and Gains from Trade
              • A Parable for the Modern Economy
                • Production Possibilities
                • Specialization and Trade
              • Comparative Advantage
                • Absolute Advanatage
                • Opportunity Cost and Comparative Advantage
                • Comparative Advantage and Trade
                • The Price of Trade
              • Applications:
                • Serena Williams, Should she mow the lawn?
                • Should we trade with other nations?
            • PowerPoint for Chapter 3: Interdependence and Gains from Trade

            Quiz #2: PPF      Quiz #2: PPF Answers


            September 5, 2019      Chapter 3: Interdependence and Gains from Trade
            • Chapter 3: Interdependence and Gains from Trade
              • A Parable for the Modern Economy
                • Production Possibilities
                • Specialization and Trade
              • Comparative Advantage
                • Absolute Advanatage
                • Opportunity Cost and Comparative Advantage
                • Comparative Advantage and Trade
                • The Price of Trade
              • Applications:
                • Serena Williams, Should she mow the lawn?
                • Should we trade with other nations?
            • PowerPoint for Chapter 3: Interdependence and Gains from Trade

            • Introduction to Chapter 4:
            • 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


                                   Week 1

            August 27, 2019      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

            August 29, 2019      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: October 6, 2019
By Andrew L. H. Parkes, Ph. D.