Course Topics

PART I - MICRO FOUNDATIONS AND INTRODUCTION TO MACRO

Chapter 1 - Economic Issues and Concepts
Chapter 2 - How Economists Work
Chapter 33 - The Gains from International Trade
Chapter 3 - Demand, Supply, and Price
Chapter 19 - What Macroeconomics is All About
Chapter 20 - The Measurement of National Income
Optional Assignment #1, Due: early October (exact date TBA)

PART II - THE ECONOMY IN THE SHORT-RUN

Chapter 21- The Simplest Short-Run Macro Model
Chapter 22 - Adding Government and Trade to the Simple Macro Model
Chapter 23 - Output and Price in the Short-Run
"Take home" Mid-Term Exam, Due: late October (exact date TBA)

PART III - THE ECONOMY IN THE LONG-RUN

Chapter 24 - From the Short-Run to the Long-Run: The Adjustment of Factor Prices
Chapter 25 - The Difference Between Short-Run and Long-Run Macroeconomics
Chapter 26 - Long-Run Economic Growth

PART IV - MONEY, BANKING, AND MONETARY POLICY

Chapter 27 - Money and Banking
Chapter 28 - Money, Interest Rates and Economic Activity
Chapter 29 - Monetary Policy
Optional Assignment #2, Due: late November (exact date TBA)

PART V - MACROECONOMIC PROBLEMS AND OPEN ECONOMY CONSIDERATIONS

• Chapter 30 - Inflation
• Chapter 31 - Unemployment
• Chapter 32 - Government Debt and Deficits
• Chapter 35 - Exchange Rates and the Balance of Payments