Macroeconomics
ECON 2301
Spring 2009
Marilyn Spencer, Ph.D.
Professor of Economics
May 5, 2009
Reminder: 4-point Out-of-Class
Extra Credit Opportunity
1. Find a news source concerning the
outcome of the FOMC meeting at the
end of April.
2. Write a 50-word summary of what the
FOMC decided to do, and why, and
send it to
marilyn.spencer@tamucc.edu by
Tuesday, May 5, before class.
Reminder: 4-point Out-of-Class
Extra Credit Opportunity
1. Bring in your 2 survey forms
concerning the 2009 economic
stimulus by Tuesday, May 5, before
class.
Reminder: 4-point Out-of-Class
Extra Credit Opportunity
1. Send in your 50-100 word summary
from the April 28 panel discussion, to
marilyn.spencer@tamucc.edu by
Tuesday, May 5, before class.
Who should take the final exam?
 What grade do you have now?
 What grade do you want to attempt to earn?
 How many points do you have?
 How many additional points could you
possibly earn?
Final Exam Schedule
 ECON 2301.001 (9:30 a.m. class) Exam:
 Thursday, May 7, 9:00 a.m. – 60 minutes
 You MUST email to let me know you want to take the
final exam, BY NOON, WEDNESDAY, May 6,
sending that email to marilyn.spencer@tamucc.edu.
 ECON 2301.002 (11 a.m. class) Exam:
 Tuesday, May 12, 11:00 a.m.– 60 min.
 You MUST email to let me know you want to take the
final exam, BY NOON, MONDAY, May 11, sending
that email to marilyn.spencer@tamucc.edu.
Final Exam Week Office Hours:
 2:30-4:30 p.m., Wednesday, May 6 and
Thursday, May 7
 10 -11:30 a.m., Friday, May 8 and
Monday, May 11
 And by appointment
Final Exam Details
1. 100 points possible, same as the others
2. All of the 25 questions are Comprehensive
– over any of the concepts on which I’ve
already tested you
3. Study your old exams – for the concepts.
Don’t expect to see the same questions!
Final Exam Topics
From Exam 1:
a.
Scarcity
b.
Opportunity costs
c.
Production Possibilities Curve
d.
Comparative advantage
e.
Variables that affect demand or supply
f.
Market equilibrium, shortage or surplus
Final Exam Topics
From Exam 2:
a.
b.
c.
d.
e.
f.
g.
h.
Nominal & real GDP
Nominal & real interest rates
Business cycle
Labor force
Unemployment/unemployment rate
Imports and exports
Progressive, regressive & proportional taxes
How taxes affect prices & quantities of goods &
services
Final Exam Topics
From Exam 3:
a.
Fiscal policy
b.
Budget deficit/surplus/balance
c.
Public Debt
d.
Crowding out
e.
Functions of money
f.
Fractional reserve banking
g.
Simple deposit multiplier
h.
Federal Reserve System
i.
Monetary policy
QUESTIONS?