ECON 201   Spring 2005

Principles of Macroeconomics

201-005 Syllabus

201-006 Syllabus

201-007 Syllabus

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LECTURES

Class Introduction:     005     006     007

1 - Thinking Like an Economist

Colander, ch. 1

2 - The Language of Graphs

Colander, Appendix to ch. 2

3 - The Gains from Trade and Specialization

Colander, ch. 2

4a - The Evolution of Markets and Institutions

Colander, ch. 3 and Appendix

4b - Institutions of the Modern Market-Based Economy

Colander, ch. 3

4c - The Role of Government in a Market-Based Economy

Colander, ch. 3

5 - Supply and Demand

Colander, ch. 4 and Appendix

6 - Using Supply and Demand: Price Controls & Taxation

Colander, ch. 5, and D'Amico and Carden readings

7 - Macroeconomic Issues

Colander, ch. 6, and Garfield reading

8 - Macroeconomic Accounting

Colander, ch. 7

9 - From Micro to Macroeconomics

Colander, ch. 10

10 - Marshall and Keynes on Self-Regulating Markets

Colander, ch. 9 (pp. 207-211), and Reich reading

11 - Keynesian Income-Expenditure Analysis

Colander, Appendix A to ch. 10 and Handouts:

Derivation of Investment Multiplier, Derivation of Tax Multiplier,

ECON 201 Study Problem

12 - Keynesianism: Summary, Exercises and Critique

Garrison reading, "The Trouble with Keynes" and Handout:

PPT - Study Problem

13 - Financial Markets and Institutions

Colander, ch. 11 and Appendix A

14 - Money and Banking

Colander, ch. 11 and Appendix B

15 - Monetarism I

Colander, ch. 13, pp. 326-333

16 - Monetarism II

Fonseca and Ussher reading

17 - The Fed

Colander, ch. 12, pp. 301-314

17 - (Optional)

A Brief History of Money and Banking in the U.S.

Rothbard readings

18 - Fed Policy

Colander, ch. 12, pp. 307-314

19 - Monetary Policy Exercises

Colander, ch. 12, pp. 307-314

20 - Monetizing Deficits

Garrison reading, "Ditch the Keynesians: …"

21 - Heirs to Keynes and Friedman

Colander, ch. 13, pp. 337-342

22 - Economic Growth and Productivity

Colander, ch. 8

23 - Coupling the Long Run and Short Run

Garrison reading, "Macroeconomics: The Long and Short Of It"

24 - The Elements of Capital-Based Macro

Garrison reading, "Capital-Based Macroeconomics"

25 - Applications of Capital-Based Macroeconomics

Garrison reading, "The Austrian Theory of the Business Cycle" and

Garrison and Callahan reading, "A Classic Hayekian Hangover"

26 - Ivan and the Brickyard (A Tale of Capital Misallocation)

no associated reading

27 - Technological Innovation and the Real Bills Doctrine

Garrison, "From Keynes to Hayek: The Marvel of Thriving Economies"

28 - Keynes in a Capital-Based Framework

v

29 - Monetarism v. Capital-Based Macroeconomics

v

30 - Macroeconomic Schools: Summary Comparison

v

31 - International Trade

Colander, ch. 17

32 - Capital Flows and Exchange Rates

Colander, ch. 18 & 19

HANDOUTS

Math & History Skills Prerequisite to ECON 201

Answers to Math and History Skills

Math Skill Problems

Math Skill Answers

Derivation of the Investment Multiplier

Derivation of the Tax Multiplier

ECON 201 Study Problem

Answers to ECON 201 Study Problem

PPT - Study Problem

Fed Structure and Monetary Policy Quizzes

Monetarism and Monetary Policy Q&A

Macroeconomic Schools - A Comparison

Phillips Curve and Macro Schools Q&A

Growth Theory Q&A

Capital-Based Macro Q&A

International Q&A