Economics 1120
Course Outline and Reading List
Fall 2013 – Prof. Kyle
Lecture
1.
2.
3.
4.
5.
6.
Date
Aug. 28
Sep. 4
Sep. 9
Sep. 11
Sep. 16
Sep. 18
Topic
Introduction: What is Economics?
The US Economy - An Overview
Supply and Demand
Using Supply and Demand Analysis
Why Worry About Macroeconomics?
Measuring National Income
Reading
Chap. 1
Chap. 2
Chap. 3
Chap. 4
Chap. 5
Chap. 6
Optional Assignment – Using the data for GDP per capita at
http://www.economagic.com/popular.htm find out how much output per person has
grown from the year you were born compared to now
7.
Sep. 23
Unemployment and Inflation
Chap. 7
Optional Assignment – Using the data for the CPI at
http://www.economagic.com/popular.htm - find out first how much a dollar is worth
today compared to the month you were born and
second what the average annual rate of
inflation over that period has been
8.
9.
Sep. 25
Sep. 30
Equilibrium and the Macroeconomy
Fiscal Policy and the Role of the Government
Chap. 8
Chap. 9
Optional Assignment – Do the “Penny Game” at
http://www.concordcoalition.org/education/penny-game/online/index.html
10.
11.
12.
13.
Oct. 2
Oct. 7
Oct. 9
Oct. 16
Money and the Role of the Fed
Money Demand and Monetary Policy
Linking Money and the “Real” Economy
Aggregate Supply and Demand
Chap. 10
Chap. 11
Chap. 12
Chap. 13
First Prelim - Evening of October 17 – 7:30 PM
14.
Oct. 21
Unemployment - Causes and Tradeoffs
Chap. 14
October 21 - Makeup for First Prelim 7:30 PM
15.
Oct. 23
Macro Policy and the Deficit
Chap. 15
Optional Assignment – Look at the National Debt Clock at
http://www.brillig.com/debt_clock/ - If this debt is shared equally by all citizens, what is
YOUR share?
16.
17.
18.
Oct. 28
Oct. 30
Nov. 4
Investment and Capital Markets
Consumption Decisions and the Life Cycle
Social Security, the Deficit and the Long Run
Chap. 15
Chap. 16
Assignment (This one is NOT optional) – Read the Social Security Primer at:
http://www.gao.gov/new.items/d05193sp.pdf (also on course website)
19.
Nov. 6
Monetarism, New Classicals and Supply Siders
Chap. 18
Second Prelim – Evening of November 7 - 7:30 PM
20.
21.
22.
Nov. 11
Nov. 13
Nov. 18
International Trade - Comparative Advantage
Barriers to Trade and International Agreements
Exchange Rates and the Balance of Payments
Chap.19
Chap. 19
Chap. 20
Assignment (This one is NOT optional) – Read the following article on exchange rates:
http://economics.about.com/cs/money/l/aa022703a.htm (A Beginner’s Guide to
Exchange Rates)
November 18 - Makeup for Second Prelim 7:30 PM (Location To be Confirmed)
23.
24.
Nov. 20
Nov. 25
International Debt and Capital Flows
Globalization, Trade and Immigration
Chap. 20
Chap. 20
Assignment (This one is NOT optional) – Read “Ten Economic Facts About
Immigration” by M. Greenstone and A. Looney http://www.hamiltonproject.org/files/downloads_and_links/09_immigration.pdf
25.
26.
Dec. 2
Dec. 4
Economic Growth - Sources and Structural Change Chap. 17&21
Economies in Transition and Central Planning
Chap. 21
Makeup for First Prelim at 7:30 PM on October 21
Makeup for Second Prelim at 7:30 PM on November 18
Final Exam is on Thu, Dec 12, 2013
7:00 PM
All readings are from Case, Fair & Oster Principles of Macroeconomics 11th Ed. Prentice Hall
2013.