Course Modules: 31_21_Summer E2 EC 1120 Intro Macroeconomics

Syllabus Introduction

Syllabus Introduction Syllabus Introduction

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Syllabus Syllabus 1

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0.1 Introduction to the ECON 1120 Course 0.1 Introduction to the ECON 1120 Course 2

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Course Introduction

Course Introduction Course Introduction

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Week 1 - How to Traverse Week-by-Week in the ECON 1120 course Week 1 - How to Traverse Week-by-Week in the ECON 1120 course 1

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Week 2 Hello and Ramblings about ECON 1120 Week 2 Hello and Ramblings about ECON 1120 2

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Weekly Planning

Weekly Planning Weekly Planning

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Week 1 Plans: M, 7/12-Sat 7/18 Week 1 Plans: M, 7/12-Sat 7/18 1

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Week 2 Plans: M 7/19-Sat 7/24 Week 2 Plans: M 7/19-Sat 7/24 2

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Test 1 W, 7/28 4pm (Week 1-2) 3

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Week 3 Plans: R 7/29- Tuesday, 8/3 Week 3 Plans: R 7/29- Tuesday, 8/3 4

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Week 4 Plans: Thursday, 8/5- Wednesday, 8/11 Week 4 Plans: Thursday, 8/5- Wednesday, 8/11 5

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HW and Practice Test Solutions

HW and Practice Test Solutions HW and Practice Test Solutions

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Practice Test 1 Practice Test 1 3

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Suggested Solutions for Week 4 Suggested Solutions for Week 4 6

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Practice Test 2 Practice Test 2 7

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Day 1 : Chapter 1 (Intro) and 6 (M - T , 7/12-13)

Day 1 : Chapter 1 (Intro) and 6 (M - T , 7/12-13) Day 1 : Chapter 1 (Intro) and 6 (M - T , 7/12-13)

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PDF of Class Notes: Ch 1 and 6 PDF of Class Notes: Ch 1 and 6 2

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1.1. The Book and Introduction to Macroeconomics 1.1. The Book and Introduction to Macroeconomics 3

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6.1 How to answer "How is the Economy Doing?" 6.1 How to answer "How is the Economy Doing?" 5

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Ch 1 Macroeconomic Variables we find on Websites Ch 1 Macroeconomic Variables we find on Websites 7

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1.2 Definitions of Macroeconomics and Microeconomics 1.2 Definitions of Macroeconomics and Microeconomics 9

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1.3 The Invisible Hand and Market Failure 1.3 The Invisible Hand and Market Failure 11

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1.3 A Look at US Fiscal and Monetary Policy 1.3 A Look at US Fiscal and Monetary Policy 13

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Day 2 : Chapter 6 (W-R, 7/14-15)

Day 2 : Chapter 6 (W-R, 7/14-15) Day 2 : Chapter 6 (W-R, 7/14-15)

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6.1 Demand Side Components of GDP 6.1 Demand Side Components of GDP 2

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6.1 Examples of Economic Activities that Contribute to GDP 6.1 Examples of Economic Activities that Contribute to GDP 4

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6.1 Supply side calculation of GDP 6.1 Supply side calculation of GDP 6

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6.2 Real GDP Calculation 6.2 Real GDP Calculation 8

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6.3 FRED Website and Annual Real GDP Growth 6.3 FRED Website and Annual Real GDP Growth 10

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6.3 Recessions and Expansions 6.3 Recessions and Expansions 12

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6.4 Calculating GDP per capita for India 6.4 Calculating GDP per capita for India 14

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6.4 Comparing India to the US 6.4 Comparing India to the US 16

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External Url

Great Depression Documentary Great Depression Documentary 18

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Context Module Sub Header

Week 1 Ends : HW #1 due M, 7/19 19

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Day 3: Chapter 7 (M-T, 7/19-20)

Day 3: Chapter 7 (M-T, 7/19-20) Day 3: Chapter 7 (M-T, 7/19-20)

Context Module Sub Header

Week 2 Starts 1

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Page

PDF of class notes Ch 7 + 8 PDF of class notes Ch 7 + 8 3

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7.1 US Economic History in 7 minutes 7.1 US Economic History in 7 minutes 4

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7.1 Breakdown in Rule of Law 7.1 Breakdown in Rule of Law 6

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7.2 Production Function 7.2 Production Function 8

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7.3 Capital Investment and Education in the US 7.3 Capital Investment and Education in the US 10

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7.3 Further Investment in Capital 7.3 Further Investment in Capital 12

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7.4 Technology and Return on Capital Investment 7.4 Technology and Return on Capital Investment 14

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7.4 China catching up to the United States? 7.4 China catching up to the United States? 16

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Chapter 3 - Supply and Demand Fundamentals (if you took Intro to Micro you can skip)

Chapter 3 - Supply and Demand Fundamentals (if you took Intro to Micro you can skip) Chapter 3 - Supply and Demand Fundamentals (if you took Intro to Micro you can skip)

External Tool

Chapter 3 - My 2 minute intro about the goal of the videos. Chapter 3 - My 2 minute intro about the goal of the videos. 1

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Page

Chapter 3 notes (a lot of notes - only first 2 pages are videos) Chapter 3 notes (a lot of notes - only first 2 pages are videos) 2

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3.1 Introduction to Supply and Demand Curves 3.1 Introduction to Supply and Demand Curves 3

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Quiz

33. Movement along supply and demand curves 33. Movement along supply and demand curves 0 4

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3.2 Supply and Demand Shifts 3.2 Supply and Demand Shifts 5

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Quiz

34. Supply and Demand Shifts 34. Supply and Demand Shifts 0 6

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Day 4: Chapter 8 and 4.1 (W, 7/21-R, 7/22)

Day 4: Chapter 8 and 4.1 (W, 7/21-R, 7/22) Day 4: Chapter 8 and 4.1 (W, 7/21-R, 7/22)

Page

Chapter 8 and 4 PDFs Chapter 8 and 4 PDFs 2

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8.1 The Labor Force 8.1 The Labor Force 3

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8.1 Unemployment Sample 8.1 Unemployment Sample 5

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8.1 Unemployment Rate Calculation 8.1 Unemployment Rate Calculation 7

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8.2 Seasonal Adjustments 8.2 Seasonal Adjustments 9

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4.1 Introducing the Labor Market 4.1 Introducing the Labor Market 11

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8.3-8.4 Three Types of Unemployment 8.3-8.4 Three Types of Unemployment 13

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8.3 Concept of Sticky Wages 8.3 Concept of Sticky Wages 15

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4.1 Supply and Demand Shifts in the Labor Market 4.1 Supply and Demand Shifts in the Labor Market 17

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4.1 Minimum Wage 4.1 Minimum Wage 18

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8.4 Understanding Social Institutions 8.4 Understanding Social Institutions 20

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Context Module Sub Header

Week 2 Ends 22

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Day 5 : Chapter 9 (R-F, 7/29-30)

Day 5 : Chapter 9 (R-F, 7/29-30) Day 5 : Chapter 9 (R-F, 7/29-30)

Page

Chapter 9 and 17 class notes Chapter 9 and 17 class notes 2

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9.1 Introduction to Inflation 9.1 Introduction to Inflation 3

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9.2 CPI and Calculating Inflation Rate 9.2 CPI and Calculating Inflation Rate 5

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9.3 Inflation Rates in US History and Compared to the World 9.3 Inflation Rates in US History and Compared to the World 7

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9.4 Adjustments to Fixed Dollar Amounts 9.4 Adjustments to Fixed Dollar Amounts 9

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9.5 How Inflation cuts into Productivity 9.5 How Inflation cuts into Productivity 11

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Day 6 : Chapter 17 (M-T, 8/2-3)

Day 6 : Chapter 17 (M-T, 8/2-3) Day 6 : Chapter 17 (M-T, 8/2-3)

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17.1 The Annual Federal Budget 17.1 The Annual Federal Budget 2

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17.1 National Government Spending 17.1 National Government Spending 4

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17.1 State and Local Spending 17.1 State and Local Spending 6

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17.2 Taxation and the Laffer Curve 17.2 Taxation and the Laffer Curve 8

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17.3 The Federal Debt 17.3 The Federal Debt 10

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17.4 SRAS and LRAS modeling 17.4 SRAS and LRAS modeling 12

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4.2 Market for Loanable Funds 4.2 Market for Loanable Funds 14

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17.4 Expansionary Policy 17.4 Expansionary Policy 16

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17.4 Contractionary Policy 17.4 Contractionary Policy 18

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17.5 Tax Revenue, Unemployment and Welfare Benefits 17.5 Tax Revenue, Unemployment and Welfare Benefits 20

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17.6 Crowding Out 17.6 Crowding Out 22

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17.7 Federal Deficits and mounting Debt 17.7 Federal Deficits and mounting Debt 24

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Day 7: Chapter 15 Monetary Policy (R, 8/5 and F, 8/6)

Day 7: Chapter 15 Monetary Policy (R, 8/5 and F, 8/6) Day 7: Chapter 15 Monetary Policy (R, 8/5 and F, 8/6)

Page

Notes Week 4: Chapter 15, 2, and 10. Notes Week 4: Chapter 15, 2, and 10. 1

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15.1 Introduction to the Fed 15.1 Introduction to the Fed 2

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15.2 Reserve Ratio and Sale of Bonds 15.2 Reserve Ratio and Sale of Bonds 4

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15.3 Money Multiplier Concept (also see 14.4) 15.3 Money Multiplier Concept (also see 14.4) 6

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15.4 Expansionary Monetary Policy 15.4 Expansionary Monetary Policy 8

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15.4 How the Fed decreases Inflation 15.4 How the Fed decreases Inflation 10

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The Liquidity Trap The Liquidity Trap 12

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Day 8 : Chapter 2 and 10 (M, 8/9)

Day 8 : Chapter 2 and 10 (M, 8/9) Day 8 : Chapter 2 and 10 (M, 8/9)

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2.1 Exports and Imports 2.1 Exports and Imports 1

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2.1 Introduction to Production Possibilities Frontier (PPF) 2.1 Introduction to Production Possibilities Frontier (PPF) 3

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2.1 Increasing Opportunity Costs 2.1 Increasing Opportunity Costs 5

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10.1 Discussion of the Current Account Balance 10.1 Discussion of the Current Account Balance 7

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10.2 Growth of Exports and Imports 10.2 Growth of Exports and Imports 9

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10.3 Robinson Crusoe Economy 10.3 Robinson Crusoe Economy 11

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10.4 National Savings and Investment 10.4 National Savings and Investment 13

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10.5 Argentina Has a Trade Surplus 10.5 Argentina Has a Trade Surplus 15

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Day 9 : Chapter 4 (T, 8/10)

Day 9 : Chapter 4 (T, 8/10) Day 9 : Chapter 4 (T, 8/10)

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Chapter 3 and 5 - PDFs Chapter 3 and 5 - PDFs 1

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3.1 and 3.4 Interfering in a Free Market 3.1 and 3.4 Interfering in a Free Market 2

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Score at least Must score at least to complete this module item Scored at least Module item has been completed by scoring at least Score at least % Must score at least % to complete this module item Scored at least % Module item has been completed by scoring at least % View Must view in order to complete this module item Viewed Module item has been viewed and is complete Mark done Must mark this module item done in order to complete Marked done Module item marked as done and is complete Contribute Must contribute to this module item to complete it Contributed Contributed to this module item and is complete Submit Must submit this module item to complete it Submitted Module item submitted and is complete
External Tool

3.5 Basic CS and PS 3.5 Basic CS and PS 4

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Score at least Must score at least to complete this module item Scored at least Module item has been completed by scoring at least Score at least % Must score at least % to complete this module item Scored at least % Module item has been completed by scoring at least % View Must view in order to complete this module item Viewed Module item has been viewed and is complete Mark done Must mark this module item done in order to complete Marked done Module item marked as done and is complete Contribute Must contribute to this module item to complete it Contributed Contributed to this module item and is complete Submit Must submit this module item to complete it Submitted Module item submitted and is complete
External Tool

3.5 Inefficiency of a Price Ceiling 3.5 Inefficiency of a Price Ceiling 6

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Score at least Must score at least to complete this module item Scored at least Module item has been completed by scoring at least Score at least % Must score at least % to complete this module item Scored at least % Module item has been completed by scoring at least % View Must view in order to complete this module item Viewed Module item has been viewed and is complete Mark done Must mark this module item done in order to complete Marked done Module item marked as done and is complete Contribute Must contribute to this module item to complete it Contributed Contributed to this module item and is complete Submit Must submit this module item to complete it Submitted Module item submitted and is complete
External Tool

3.5 Government Buyout Inefficiency in Agriculture 3.5 Government Buyout Inefficiency in Agriculture 8

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Score at least Must score at least to complete this module item Scored at least Module item has been completed by scoring at least Score at least % Must score at least % to complete this module item Scored at least % Module item has been completed by scoring at least % View Must view in order to complete this module item Viewed Module item has been viewed and is complete Mark done Must mark this module item done in order to complete Marked done Module item marked as done and is complete Contribute Must contribute to this module item to complete it Contributed Contributed to this module item and is complete Submit Must submit this module item to complete it Submitted Module item submitted and is complete
External Tool

5.1 Elasticity 5.1 Elasticity 10

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Score at least Must score at least to complete this module item Scored at least Module item has been completed by scoring at least Score at least % Must score at least % to complete this module item Scored at least % Module item has been completed by scoring at least % View Must view in order to complete this module item Viewed Module item has been viewed and is complete Mark done Must mark this module item done in order to complete Marked done Module item marked as done and is complete Contribute Must contribute to this module item to complete it Contributed Contributed to this module item and is complete Submit Must submit this module item to complete it Submitted Module item submitted and is complete
External Tool

5.3 Tax Incidence 5.3 Tax Incidence 12

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Score at least Must score at least to complete this module item Scored at least Module item has been completed by scoring at least Score at least % Must score at least % to complete this module item Scored at least % Module item has been completed by scoring at least % View Must view in order to complete this module item Viewed Module item has been viewed and is complete Mark done Must mark this module item done in order to complete Marked done Module item marked as done and is complete Contribute Must contribute to this module item to complete it Contributed Contributed to this module item and is complete Submit Must submit this module item to complete it Submitted Module item submitted and is complete
External Tool

5.3 Subsidy 5.3 Subsidy 14

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Score at least Must score at least to complete this module item Scored at least Module item has been completed by scoring at least Score at least % Must score at least % to complete this module item Scored at least % Module item has been completed by scoring at least % View Must view in order to complete this module item Viewed Module item has been viewed and is complete Mark done Must mark this module item done in order to complete Marked done Module item marked as done and is complete Contribute Must contribute to this module item to complete it Contributed Contributed to this module item and is complete Submit Must submit this module item to complete it Submitted Module item submitted and is complete

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