Week Content Required readings text Homework

Unit 1. Introduction to Economics - Textbook:

1.1. Ten Principles of Economics Chapter 1; Chapter
1.1.1. How People Make Decisions 2.
1.1.2. How People Interact - Macro Study
1 1.1.3. How the Economy as a Whole Work Chapter 1 + 2 Guide – Unit 1.
1.2. Thinking Like an Economist
1.2.1. Microeconomics vs. Macroeconomics
1.2.1. Positive vs. Normative Statements
1.2.2. Circular Flow Diagram
Unit 2. Measuring a Nation’s Income - Textbook:
2.1. The Economy’s Income and Expenditure Chapter 23.
2 2.2. The Measurement of GDP - Macro Study
Chapter 23
2.3. The Components of GDP Guide – Unit 2.
2.4. Real vs. Nominal GDP
2.5. Is GDP a Good Measure of Economic Well-Being
- Textbook:
Unit 3. Measuring the Cost of Living
Chapter 24.
3 3.1. The Consumer Price Index Chapter 24
- Macro Study
3.2. Correcting Economic Variables for the Effects of Inflation
Guide – Unit 3.
Unit 4. Production and Growth - Textbook:
4.1. Economic Growth around the World Chapter 25.
4 Chapter 25
4.2. Producitivity: Its Role and Determinants - Macro Study
4.3. Economic Growth and Public Policy Guide – Unit 4.
- Textbook:
Unit 5. Saving, Investment, and the Financial System
5 Chapter 26 Chapter 26.
5.1. The Financial System
Week Content Required readings text Homework
5.2. Saving and Investment in the National Income Accounts - Macro Study
5.3. The Market for Loanable Funds Guide – Unit 5.
- Textbook:
Unit 6. Unemployment
Chapter 28.
6.1. Identifying Unemployment Chapter 28
6 - Macro Study
6.2. Categories of Unemployment
Guide – Unit 6.
Unit 7. The Monetary System - Textbook:
7.1. The Meaning of Money Chapter 29.
7 7.2. Money in the Economy Chapter 29 - Macro Study
7.3. Banks and the Money Supply Guide – Unit 7.
7.4. The Tools of Monetary Policy
- Textbook:
Unit 8. Money Growth and Inflation
Chapter 30.
8 8.1. The Classical Theory of Inflation Chapter 30
- Macro Study
8.2. The Costs of Inflation
Guide – Unit 8.
- Textbook:
Unit 9. Open-Economy Macroeconomics : Basic Concepts Chapter 31.
9.1. Open and Closed Economies - Macro Study
9
9.2. The Balance of Payment Chapter 31 Guide – Unit 9.
9.3. Real and Nominal Exchange Rates
9.4. Purchasing-Power Parity
Week Content Required readings text Homework
- Textbook:
Unit 10 Aggregate Demand and Aggregate Supply Chapter 33.
10.1. Explaining Short-Run Economic Fluctuation - Macro Study
10
10.2. The Aggregate-Demand Curve Chapter 33 Guide – Unit 10.
10.3. The Aggregate-Supply Curve
10.4. Two Causes of Economic Fluctuations