Thursday, September 06, 2007

Macroeconomics - fall 2007 outline

Part I - Introduction to Economics

Chapter 1 - The Nature of Economics
Chapter 2 - Scarcity and the world of trade offs
Chapter 3 - Demand and Supply (will work in some concepts from Chapter 4)

Part II - Macroeconomic Basics

A) Basic Macroeconomic variables
Chapter 7 - unemployment, inflation and deflation
Chapter 8 - GDP (probable test 1)

B) Macro Economic Theories
Chapter 10 (and parts from 9) - Economic growth in the long run
Chapter 10-11 - Classical vs Keynesian economics, the multiplier
Chapter 15 - Money and Banking
Chapter 17 - Monetary policy (probable test 2)

C) The global economy
Chapter 33 - Comparative advantage and free trade
Optional - Chapter 34 - Exchange rates and the Balance of Payments