ECON 6 – ECONOMIC PRINCIPLES: MACROECONOMICS

Required text book: Robert Hall and Marc Liebermann, Macroeconomic – Principles and Applications, 4th Edition, (Thomson : South-Western, 2008)

Syllabus -001 / Syllabus -002

Review materials on the web (econ 5 level)

Economic Glossary : A glossary of economics terms provided by Orley Amos (Oklahoma State University)

Explorations in Economic Demand and Supply : An online example of demand and supply analysis with discussion questions (by Kim Sosin)

Exploring Supply and Demand : An online quiz that tests basic demand and supply concepts (by Kim Sosin)

Online multiple choice exams provided by Orley Amos (Oklahoma State University)

Orley Amos’ Extra Credit – A fantasy / adventure story / tutorial that reviews fundamental economics topics.

· Introduction 8/31 and 9/02

1. Read chapters 1 and 4

• Scarcity and Choice 9/3 and 9/8
1. Read chap 2
2. Reading on: The future of capitalism Global capitalism strengths and weaknesses of market capitalism

QUIZ # 1

• Supply and Demand 9/09, 9/11 and 9/18
1. Read chap 3
2. Homework1 (due 9/23): Do #7, 11 and 12 on page 51; do # 2, 3 and 5 on page 85; do # 11 on page 86 Answer key

• Production, Employment and Income 9/21, 9/23 and 9/25
• Readings: Real unemployment rate Also read The Wall Street Journal, 07/01/2001 “Labor Statistics Are Lying”
1. Read chap 5

QUIZ # 2 Due 10/2

• Money, Prices and Inflation 9/30 and 10/2
1. Read chap 6
2. M.A.N.D.A.T.O.R.Y. R.E.A.D.I.N.G: Deflation and the US economy
3. Homework #2 (Due 10/5) Do # 4 on page 100,; Do #3, #4, #5 and #7 on page 134-35; Do #8 and #10 p159-60 Answer Keys

October 5: Review session for 1^st midterm

PRACTICE PRELIM I ANSWER KEYS

PRELIM I 10/7 Answer keys

• How the economy behaves in the Long Run? 10/09 and 10/12
1. Read Chapter Ch. 7

• What leads an economy to grow/ expand over time? 10/14, 10/19 and 10/21
1. Read Chapter Ch. 8
2. Reading Reduce fertility rate to boost living standards?

Study days: 10/15 and 10/16 – No class

QUIZ # 3 Due 10/28

Homework3 (Due 10/30) Do #3 and 5 on page 190; do #3, 5 and 6 on page 228. Answer Key

• An introduction to economic fluctuations i.e. business cycles 10/26
1. Read chap 9

• How the economy functions in the short run: 10/28 and 10/30

1. Read chap 10
2. Homework #4 (Due 11/4 - Wednesday) Do #1 and 2 on page 240; #1, 2 and 8 on page 277 Answer key
3. Reading: More about the multipliers

QUIZ # 4 Due 11/4 (Wednesday)

November 4^th (Wednesday): Review session for 2^nd midterm

PRACTICE PRELIM II ANSWER KEYS

PRELIM II (Friday) 11/6 ANSWER KEYS

• The banking system and the quantity of money in the economy 11/9, 11/11 and 11/13

1. Read chap 11

• The central bank, the money market and the monetary policy 11/16, 11/18 and 11/20
1. Read chap 12
2. Homework #5 (Due 12/2) Answer key

Quiz # 5 Due 11/30

THANKSGIVING RECESS: 11/25 – 11/29

• Inflation-Unemployment Trade-off 11/23 and 11/30
1. Read chap 13

• Inflation and monetary policy 12/2 and 12/4
1. Read chap 14
2. Homework #6 (Due 12/7) Answer key

Quiz # 6 Due 12/7

• Government budget, spending, taxes and the economy: 12/2 and 11/4
1. Read chap 15
2. Reading: Are stimulus spending effective at boosting the economy?

• On exchange rate and the economy
1. Read chap. 16

• Dec. 9: Final Exam Review Session

PRACTICE FINAL

PRACTICE FINAL: Answer Keys

FINAL EXAM: Section 001 - THURSDAY, DECEMBER 17, 2009 9am-12pm   HSC*S308. Section 002 - Saturday, December 12, 2009 9am-12pm   HSC*S308

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