ECON 2101 - Principles of Macroeconomics
Fall 2008
Textbooks
Textbook:
McConnell, Campbell R and
Stanley L. Brue, Macroeconomics: 17 Edition, McGraw Hill,
2008. (Custom Book
created for this class,
available in UNCC bookstore
and Gray’s, included access to required Homework Manager.)
Text Web Page:
http://www.mhhe.com/economics/mcconnell17/
Click HERE
for Instructions for Registering for Homework
Module
Course Syllabus
(updated Fall 2008)
ECON 2101-001,
8:00-9:15
ECON 2101-002
(B02, H02), 9:30-10:45
TEST 1 KEYS:
VERSION A
VERSION B
PowerPoint Slides
(Download free PowerPoint slide viewer)
Chapter 1
- Limits, Alternatives and Choices
Chapter 2
- Market System and Circular Flow Model
Chapter 3 - Demand, Supply and
Market Equilibrium
Slides without blue border (this option
will save your printer ink)
Slides with the blue border (this is what
the ones in class will look like)
Chapter 6 - Measuring
Domestic Output and National Income (GDP)
Slides without blue border (this option
will save your printer ink)
Slides with the blue border (this is what
the ones in class will look like)
Chapter 7 - Economic Growth and
Instability (Inflation, Unemployment)
Slides without blue border (this option
will save your printer ink)
Slides with the blue border (this is what
the ones in class will look like)
Chapter 8 - Basic Macroeconomic
Relationships
Slides without blue border (this option
will save your printer ink)
Slides with the blue border (this is what
the ones in class will look like)
NOTE: I recommend printing
multiple slides per page.
To do that, under Print, choose Print Handouts - you will see an option
to print 1, 2, 3, 4, etc
slides per page.
Also note that many of the slides with graphs build during the
presentation of the slideshow,
so your printed slides will not have all of the graphics. Be
prepared to draw those changes
in during class when we do those slides.
ANSWERS for PRACTICE CALCULATIONS, TEST 2
Articles of Interest (Caution!
Some of these essays are controversial and provocative. But all are
interesting.)
Slate Magazine (see
www.slate.com for more articles):
How to Live on $1.00 a Day
Is E-Bay Rational?
The Mystery of the 5-cent
Coke
Mini-Bar Economics
Explaining the Rise in Teen
Oral Sex
Mystery of the Rude Waiter
Cheating: The Case of
the Unpaid Parking Ticket
Lemons, or Why You can Never
Buy a Decent Used Car
What Economics Teaches About
Penalty Kicks
The Theory of the Leisure
Class
How the Web Prevents Rape
The Price of Motherhood
Hurricane Relief? Or a
$200,000 Check?
An Economist Considers the
Terri Schiavo Case
The $100 Terrorist Insurance
Plan
Why Are We Getting Fat?
Should We Stop Paul Morgan
From Amputating His Feet on The Internet?
Why We Walk Up Staircases But
Not Escalators
An Economics Professor's Guide
to Winning on E-Bay
The Economic Case for
Promiscuity
Wealthier Than Thou: Is it Enough To Be Rich, or Must Others Also
Be Poor?
CNN (see www.cnn.com
for more articles):
World's Most Profitable Companies, 2006
World's Biggest Money Losers, 2006
Study: Govt Costs Half a Year of Income
Most Lucrative College Degrees
Gasoline
Taxes by State (Table)
Outsourcing Creates US Jobs
T
EXTRA CREDIT OPPORTUNITY #2
This assignment is due NO LATER than
Monday, August 9, by 2:00pm. Do not email - I want it handwritten.
The full 5 points will be given only
for complete answers. Make sure you answer the question that is
asked,
no more, no less. You will need
to weigh the marginal benefits and marginal costs to determine if your
time
should be spent on this 5-point
assignment or on studying for the final exam. Make an economically
sound decision!
The United States is experiencing a high rate of
unemployment.
a. Identify one fiscal
policy action that Congress might initiate to decrease the unemployment
rate.
b. Assume that the
policy you identified reduced unemployment, but the economy is still
operating below full employment.
Using a correctly labeled aggregate demand/aggregate
supply graph, show and explain how the action you identified
would affect each of the following:
i) Output
ii) Price level
c. Briefly explain how
the policy you identified would affect interest rates.
d. Given that the
economy is still below full employment, identify the open market policy
the Federal Reserve
could implement to increase the money supply.
e. Using correctly
labeled graphs, show and explain how an increase in money supply will
affect each of the
following in the short run.
i) Interest rates
ii) Output
iii) Price level
