Parkes' Principles of Macroeconomics Assignments Page

Fall 2019, Section 6




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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.