Principles of Economics I

Macroeconomics for Internet Students 

15 Module Suggested Calendar

First Block of Study   Introduction              First Exam

Module 1 Module 2 Module 3 Module 4 Module 5

Second Block of Study                              Second Exam

Module 6 Module 7 Module 8 Module 9 Module 10

Third Block of Study   Final Exam Essays   Third Exam

Module 11 Module 12 Module 13 Module 14 Module 15

 

First Block of Study -
The Model of Comparative Advantage

 

Module                          Dates                         Read this chapter           
                                                                               Before Class              

Inroduction - How to use daily class outlines.
Module 1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



Objectives

Slides

  

June 11-12, 2001

 

Class is offered:
(1) on the web at http://164.106.143.4/eco

(2) in class during Fall semester 

During each pair of lessons devoted to each chapter:

bulletInternet students  should read the text, complete the study guide, and compare their results to the study guide answers.
bulletInternet students should use home or LRC computers
  1. to gain access to all hotlinks, especially Course Objectives, Slides,
    Part 1, and
    Part 2 for each chapter.
  2. to install and run their cd-rom tutorial.
  3. to visit the chat room with other web students.
  4. to send e-mail; and
  5. to register and use your author's website.
 Part 1

What is Economics?

Part 2

 An introduction to the subject of making wise choices about using limited resources.

Module 2

 

 

Objectives

Slides

June 13-14, 2001

 

 

 

 Part 1

Making and Using Graphs

Part 2

 A tool kit about three kinds of diagrams;  this chapter is a useful reference when you forget something.
Module 3 

 

 

Objectives

Slides

  


June 18-19, 2001

 

 

 

 

 

 Part 1

The Economic Problem

Part 2

 Resources (like land, labor, capital and entrepreneurship) are in short supply relative to their unlimited uses.
Module 4

 

 

 

Objectives

Slides



June 20-21, 2001

 

 

 

 

 

 Part 1

Trading with the World

Part 2

 Discover how following comparative advantage enables two trading nations to consume beyond their domestic production possibilities!
Module 5 

 

 

 

 

 

 

 

  Objectives

June 22, 2001

 

 

 



Turn in your first of three essays as described in the syllabus.

Part 1

Review Session

followed by

Exam #1

Part 2

 Measure your progress.

Exam #1 has 33  true/false, multiple choice, problems, and short answer questions like those in your study guide and text.

Exam #1 is worth 200 of 1000 possible course points.

 

Second Block of Study -
The Model of Demand and Supply

 

Module                     Dates                          Read this chapter
                                                                           Before class

Module 6 


Objectives

Slides


June 25-26, 2001

 

 

 

 

 Part 1

Demand
and
Supply

Part 2

 Like the blades of a scissors, they determine prices and quantities in our markets.
Module 7 

 

Objectives

Slides


June 27-28, 2001

(No class July 1-8)

 

 

Part 1

A First Look at Macroeconomics

Part 2

 An introduction to the big issues like income, employment, inflation, and growth
Module 8 

 

Objectives

Slides


July 9-10, 2001

 

Part 1

Measuring GDP

Part 2

 Discover the nuts and bolts about our national income accounting system
Module 9 

 

 

 

Objectives

Slides

July 11-12, 2001

 

 

 

Part 1

Aggregate Supply
and
Aggregate Demand

Part 2

 The macroeconomic model of most importance
Module 10 

 

 

 

 

 

 

 

  Objectives

 July 13, 2001

 

 

 

 

 

 

 

Part 1

Review Session

followed by

Exam #2

Part 2

 Measure your progress.

Exam #2 has 33  true/false, multiple choice, problems, and short answer questions like those in your study guide and text.

Exam #2 is worth 200 of 1000 possible course points.

 

Third Block of Study -
The Keynesian Model
of National Income Determination

Module                     Dates                          Read this chapter
                                                                           Before class

Module 11 

 

 

 

Objectives

Slides

 July 16-17, 2001

 

 

 

 

 

Part 1

Expenditure Multipliers

Part 2

 Government spending is like priming the pump - it results in a trickle down theory wherein everyone gets to re-spend the portion they have  received.
Module 12 

 

Objectives

Slides

July 18-19, 2001

 

 

Part 1

Fiscal Policy

Part 2

 Discover how manipulating government spending, taxes and transfers affects national income.
Module 13

 

 

 

 

 

Objectives

Slides

 July 23-24, 2001

 

 

 

 

 

 

Part 1

Money

Part 2

 "Most things in life - automobiles,  mistresses and cancer - are important only to those who have them.  Money, in contrast, is equally important to those who have it and those who don't."

  J. K. Galbraith
Module 14 

 

 

 

 

 

Objectives

Slides

 July 25-26, 2001

 

 

 

 

 

Part 1

Monetary Policy

Part 2

Of all the occupations in which man had engaged - war, politics, religion, violent recreation, unrequited sadism - (Adam Smith felt that) the making of money was socially the least damaging.

J. K. Galbraith
Module 15 

 

 

 

 

 

 

 

  Objectives

July 27, 2001

 

 

 


Turn in your second of three essays as described in the syllabus.

  

Part 1

Review Session

followed by

Exam #3

Part 2

 Measure your progress.

Exam #3 has 33  true/false, multiple choice, problems, and short answer questions like those in your study guide and text.

Exam #3 is worth 200 of 1000 possible course points.
Module 16

 

 

 

 

 

 July 30, 2001

 

 

 

 

Deadline

Turn in your third essay not later than 5 PM of the first day of final exams.  (Your essay is your final examination.)

 Specific guidance for writing your final exam essays is in the syllabus.  

Click syllabus; then click final exam.
 

Take a look at what's coming in Microeconomics!

 

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Love for Econ springs eternal!