Economics

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Syllabus
Bishop Lynch
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(No Transcript)
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.
TO
MACROECONOMICS
The science of scarcity
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Macroeconomics Text
17th Edition
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Beautiful, beautiful forest!.
MACROECONOMICS...
Beautiful leaf!
MICROECONOMICS...
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Weights for Tests, Quizzes, Homework

• Tests are 75 of grade
• Quizzes Homework are 25
• 1st Nine Weeks equals 40 of grade.
• 2nd Nine Weeks equals 40 of grade.
• Final Exam counts 20 of grade.

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Macroeconomics Test Schedule

• Test 1 Basic Economic Concepts Ch. 1, 2, 3

Opportunity Cost 2nd choice
PPC
Resource Market
A
F
B
Circular Flow
Capital Goods
D
C
Product Market
Choices
Consumer Goods
Demand Supply
S2
D1
D2
S
D
S1
P2
2.30
Im mad.
S3
1.30
E
P1
D3
1.00
P3
Q1
Q3
Q2
Q1
Q3
Q2
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Macroeconomics Test Schedule
Test 2 Global Trade Ch. 5
Absolute Advantage can produce more or produce
quicker and Comparative Advantage can be
produced at a lower opportunity cost
What determines the strength of a currency?
1. Increase in taste 2. Increase in In. rates 3.
Decrease in PL 4. Decrease in income
1. Decrease in taste 2. Decrease in In. rates 3.
Increase in PL 4. Increase in income
Strong Dollar
Weak Dollar
Test 3 GDP NIA Ch. 6 Business Cycles Ch.
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Peak
Peak
Expansion
Expansion
Contraction
Trough
9

• Test 4 AD/AS Chapter 10

Test Schedule
AS
AD2
AD1
PL
10 3 1
AD3
Everyones demand AD for every thing AS
YR YYI Real GDP
Test 5 AE Fiscal Policy Chap 8, 9, 11
LRAS
SRAS
AD2
S
AD1
AE1CIgG
AE1CIg
AECIgG
PL
PL
45
YR Y Real GDP
YR Y Real GDP
Test 6 Money, Banking, Money Creation, the Fed
12, 13, 14
Money Creation
10
Test 7 Macro Disputes, Extending SRAS
to LRAS, Debt and Deficit Chapters 17,
15, 11(2nd half)
3-5 Monetary Rule
No G
G T
Classicals Keynesians Monetarists
Expectations negate fiscal and monetary Policy.
Get the G off of our backs.
New Keynesian Keynesian Based Monetary Policy
matters Fiscal policy matters Money supply
matters Anticipations matter Supply shocks matter
RATEX Supply-siders Mainstreamers
Disputes In Macroeconomics

• Test 8 Final Exam Macro chapters 5-17

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The End