Macroeconomics
Adam Smith Economic Society.pdfSYLLABUS
TEXTBOOK
PRINCIPLES of MACROECONOMICS
Ed 3e ; by openstax.org
[... you must use your loyola.edu email for the free download]
A print copy of the textbook is available for sale at the bookstore, amazon.com, etc.
*** Additional reading will be assigned during the semester ***
ZOOM
https://loyola.zoom.us/my/thomaslyons
... this is the link if we need to have a zoom meeting... the password is on moodle.CLASSROOM TECHNOLOGY
Students may NOT use computers, tablets, phones, earphones during class.
The A to Z of Economics Explained
LECTURES, READINGS and RESOURCES
Introduction 0
HOW TO PREPARE
CLASS LECTURE
Economic Output 1
HOW TO PREPARE
READ Principles of Macroeconomics, Chapter 6, “The Macroeconomic Perspective"
CLASS LECTURE
ASSIGNMENTS
The assignments below are to be completed. The dates are announced in class.
GDP Assignment #1c
Macroeconomics GDP Homework #1c GDP Assignment #1d
GDP Assignment #1dGDP Assignment #1E
GDP Homework Assignment 1EEmployment 2
HOW TO PREPARE
READ Principles of Macroeconomics, Chapter 8, “Unemployment"
CLASS LECTURE
ASSIGNMENTS
The assignments below are to be completed. The dates are announced in class.
Prices and Inflation 3
HOW TO PREPARE
READ Principles of Macroeconomics, Chapter 9, “Inflation"
CLASS LECTURE
ASSIGNMENTS
The assignments below are to be completed. The dates are announced in class.
TEST 1
Economic Aggregates: GDP, Unemployment, Price Indexes
Economic Growth 4
HOW TO PREPARE
READ Principles of Macroeconomics, Chapter 7, “Economic Growth"
CLASS LECTURE
Keynes General Theory 5
HOW TO PREPARE
READ Principles of Macroeconomics, Chapter 9, “The Keynesian Perspective"
John Maynard Keynes (1883-1946) was an English economist.
His 1936 book The General Theory of Employment, Interest and Money, written during the Great Depression, is the basis for modern Macroeconomic theory.
CLASS LECTURE
Multipliers 6
HOW TO PREPARE
TBD
CLASS LECTURE
The AS-AD Model 7
HOW TO PREPARE
READ Principles of Macroeconomics, Chapter 11, “The Aggregate Demand/Aggregate Supply Model"
CLASS LECTURE
Fiscal Policy 8
HOW TO PREPARE
READ Principles of Macroeconomics, Chapter 17, “Government Budgets and Fiscal Policy"
READ Principles of Macroeconomics, Chapter 18, “The Impacts of Government Borrowing"
CLASS LECTURES
TEST 2
Economic Aggregates, Keynes, AD/AS, Economic Growth, Fiscal Policy
Friday April 5, 2024
Money 9
HOW TO PREPARE
READ Principles of Macroeconomics, Chapter 14, “Money and Banking" pages 337-343
Carl Menger (1840-1921) was an Austrian economist and a founder of the Austrian School of Economics. He made significant contributions to the theories of subjective value and marginal utility.
His evolutionary theory of money was outlined in his book Principles of Economics (1871).
CLASS LECTURE
Banking 10
HOW TO PREPARE
READ Principles of Macroeconomics, Chapter 14, “Money and Banking" pages 344-354
CLASS LECTURE
Central Banks 11
HOW TO PREPARE
READ Principles of Macroeconomics, Chapter 15, “Monetary Policy and Bank Regulation" p357-367
CLASS LECTURE
Monetary Policy 12
HOW TO PREPARE
READ Principles of Macroeconomics, Chapter 15, “Monetary Policy and Bank Regulation" p367-381
CLASS LECTURE
Business Cycles 13
HOW TO PREPARE
TBD
CLASS LECTURE
Guest Speaker
TEST 3
MONEY, BANKING, MONETARY POLICY, BUSINESS CYCLES
On moodle, complete before 11am on April 26, 2024
International Trade 14
HOW TO PREPARE
READ Principles of Macroeconomics, Chapter 20, “International Trade"
READ Principles of Macroeconomics, Chapter 21, “Globalization and Protectionism"
CLASS LECTURE
Exchange Rates 15
HOW TO PREPARE
READ Principles of Macroeconomics, Chapter 16, “Exchange Rates and International Capital Flows"
CLASS LECTURE
Summary 16
CLASS LECTURE
ADDITIONAL RESOURCES
FINAL EXAM
https://www.loyola.edu/department/records/student-exam
Section 09 Wednesday May 1 @ 9 am
Section 06 Monday May 6 @ 9am