Etown EC101C  PRINCIPLES OF MACROECONOMICS
Prof. Sanjay Paul
Fall 2008


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Lecture Outlines

Lecture 1: Introduction
Lecture 2: Graphs
Lecture 3: Opportunity cost
Lecture 4: Markets and government
Lecture 5: Supply and demand

Lecture 6: The Business Cycle
Lecture 7: Unemployment
Lecture 7.5: Inflation
Lecture 8: National Income Accounting

Lecture 9: The Consumption Function
Lecture 10: The Income-Expenditure Diagram
Lecture 11: The Multiplier

Lecture 12: Aggregate Demand
Lecture 13: Aggregate Supply
Lecture 14: Equilibrium GDP and price level
Lecture 15: Fiscal Policy
Lecture 16: Supply-side policies

Lecture 17: Money
Lecture 18: The Banking System
Lecture 19: The Fed and Money Supply
Lecture 20: The Money Market
Lecture 21: Interest Rate and Exchange Rates

Lecture 22: The Complete Model
Lecture 23: Budget Deficits

Exercise Sets

Exercise Set 1: Graphs
Exercise Set 2: Opportunity Cost
Exercise Set 3: Demand
Exercise Set 4: Supply
Exercise Set 5: Equilibrium
Exercise Set 6: Excess supply/demand

Exercise Set 7: National Income Accounts
Exercise Set 8: Inflation
Exercise Set 8.1: Unemployment

Exercise Set 9: Consumption Function
Exercise Set 10: Computing GDP
Exercise Set 11: The Multiplier

Exercise Set 12: DD/SS Graph

Exercise Set 13: Banking System
Exercise Set 14: Interest Rates



Fed Man Walking
Bernanke


"Our criticism of the accepted classical theory of economics has consisted not so much in finding logical flaws in its analysis as in pointing out that its tacit assumptions are seldom or never satisfied, with the result that it cannot solve the economic problems of the actual world."
    - Keynes, General Theory, 1936

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