ECON 2101 - Principles of Macroeconomics
FALL 2009
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, includes access to required Homework Manager.)
Text Web Page:
http://www.mhhe.com/economics/mcconnell17/
THIS IS NOT THE HOMEWORK SITE - SEE BELOW.
THINGS I NEED YOU TO KNOW ABOUT THE BOOK AND HW CODE
Course Syllabus
(updated Fall 2008)
ECON
2101-001, 9:30 class
ECON
2101-002, 12:30 class
HOMEWORK WEBSITES: (for registration
and completing homework assignments. Save as FAVORITE)
Section 001, 9:30am class:
http://connect.mcgraw-hill.com/class/macro930
Section 002, 12:30pm class:
http://connect.mcgraw-hill.com/class/macro1230
TEST SCHEDULE (Chapters to be determined
as we go)
Fri, September 18 Test 1
(Ch 1, 2 and 3)
Wed, October 14
Test 2
(Ch 6, 7 and part one of 8)
Fri, November 6
Test 3 (Part two of Ch 8, all of 10, 11)
Wed, December
9 Test 4 (Last Class!)
CNN ARTICLE
FINAL EXAMS
9:30class:
Wed, December 16 from 8:00am to 10:30am
12:30class:
Wed, December 16 from 11:00am to 1:30pm
TEST 1 KEYS: VERSION
A
VERSION B
TEST 2 KEYS: VERSION
A
VERSION B
TEST 3 KEYS:
VERSION
A
VERSION B
TEST 4 KEYS:
PowerPoint Slides (class slides will be posted later)
Chapter 1
- Limits, Alternatives and Choices
Office 2007
Office 2003
Chapter 2
- Market System and Circular Flow Model
Office 2007
Office 2003
(corrected Slide #7
2007
2003
)
Chapter 3 - Demand, Supply and
Market Equilibrium
Office 2007
Office 2003
Chapter 6 - Measuring
Domestic Output and National Income (GDP)
Office 2007
Office 2003
Chapter 7 - Economic Growth and
Instability (Inflation, Unemployment)
Office 2007
Office 2003
(this is a long one)
(corrected slide #54)
Chapter 8 - Basic Macroeconomic
Relationships
Office 2007
Office 2003
Chapter 10 - Aggregate Demand and Aggregate
Supply
Office 2007
Office 2003
Chapter 11 - Fiscal Policy, Budgets and Debt
Office 2007
Office 2003
Chapter 12 - Money and Federal Reserve
Office 2007
Office 2003
Chapter 13 - Money Creation
Office 2007
Office 2003
Chapter 14 - Interest Rates and Monetary Policy
Office 2007
Office 2003
International Trade
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 may not have all of the graphics. Be
prepared to draw those changes
in during class when we do those slides.
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?
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
