Embedded Files
SYLLABUS
SYLLABUS
TEXTBOOK
TEXTBOOK
PRINCIPLES of MACROECONOMICS
PRINCIPLES of MACROECONOMICS
Ed 3e ; by openstax.org
Ed 3e ; by openstax.org
[... you must use your loyola.edu email for the free download]
[... 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.
A print copy of the textbook is available for sale at the bookstore, amazon.com, etc.
*** Additional reading will be assigned during the semester ***
*** Additional reading will be assigned during the semester ***
ZOOM
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
CLASSROOM TECHNOLOGY
Students may NOT use computers, tablets, phones, earphones during class.
LECTURES, READINGS and RESOURCES
LECTURES, READINGS and RESOURCES
Introduction 0
Introduction 0
HOW TO PREPARE
HOW TO PREPARE
CLASS LECTURE
CLASS LECTURE
Economic Output 1
Economic Output 1
HOW TO PREPARE
HOW TO PREPARE
READ Principles of Macroeconomics, Chapter 6, “The Macroeconomic Perspective"
READ Principles of Macroeconomics, Chapter 6, “The Macroeconomic Perspective"
CLASS LECTURE
CLASS LECTURE
ASSIGNMENTS
ASSIGNMENTS
The assignments below are to be completed. The dates are announced in class.
Employment and Unemployment 2
Employment and Unemployment 2
HOW TO PREPARE
HOW TO PREPARE
READ Principles of Macroeconomics, Chapter 8, “Unemployment"
READ Principles of Macroeconomics, Chapter 8, “Unemployment"
CLASS LECTURE
CLASS LECTURE
ASSIGNMENTS
ASSIGNMENTS
The assignments below are to be completed. The dates are announced in class.
Prices and Inflation 3
Prices and Inflation 3
HOW TO PREPARE
HOW TO PREPARE
READ Principles of Macroeconomics, Chapter 9, “Inflation"
READ Principles of Macroeconomics, Chapter 9, “Inflation"
READ "Assessing and improving the accuracy of the CPI", BLS, 2024 [optional]
This article explains the work the BLS does to improve the accuracy of the CPI statistics
CLASS LECTURE
CLASS LECTURE
ASSIGNMENTS
ASSIGNMENTS
The assignments below are to be completed. The dates are announced in class.
TEST 1
TEST 1
Economic Aggregates
GDP, Unemployment, Price Indexes
Section 05 Monday February 16, 2026
Section 01, 08 Tuesday February 17, 2026
Economic Growth 4
Economic Growth 4
HOW TO PREPARE
HOW TO PREPARE
READ Principles of Macroeconomics, Chapter 7, “Economic Growth"
READ Principles of Macroeconomics, Chapter 7, “Economic Growth"
CLASS LECTURE
CLASS LECTURE
Keynes General Theory 5
Keynes General Theory 5
HOW TO PREPARE
HOW TO PREPARE
READ Principles of Macroeconomics, Chapter 9, “The Keynesian Perspective"
READ Principles of Macroeconomics, Chapter 9, “The Keynesian Perspective"
John Maynard Keynes (1883-1946)
The General Theory of Employment, Interest and Money (1936)
is the basis for modern Macroeconomics theory.
CLASS LECTURE
CLASS LECTURE
Multipliers 6
Multipliers 6
CLASS LECTURE
CLASS LECTURE
The AS-AD Model 7
The AS-AD Model 7
HOW TO PREPARE
HOW TO PREPARE
READ Principles of Macroeconomics, Chapter 11, “The Aggregate Demand/Aggregate Supply Model"
READ Principles of Macroeconomics, Chapter 11, “The Aggregate Demand/Aggregate Supply Model"
CLASS LECTURE
CLASS LECTURE
Fiscal Policy 8
Fiscal Policy 8
HOW TO PREPARE
HOW TO PREPARE
READ Principles of Macroeconomics, Chapter 17, “Government Budgets and Fiscal Policy"
READ Principles of Macroeconomics, Chapter 17, “Government Budgets and Fiscal Policy"
READ Principles of Macroeconomics, Chapter 18, “The Impacts of Government Borrowing"
READ Principles of Macroeconomics, Chapter 18, “The Impacts of Government Borrowing"
CLASS LECTURES
CLASS LECTURES
TEST 2
TEST 2
Keynes, AD/AS Model, Economic Growth, Fiscal Policy
Money 9
Money 9
HOW TO PREPARE
HOW TO PREPARE
READ Principles of Macroeconomics, Chapter 14, “Money and Banking" pages 337-343
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
CLASS LECTURE
Banking 10
Banking 10
HOW TO PREPARE
HOW TO PREPARE
READ Principles of Macroeconomics, Chapter 14, “Money and Banking" pages 344-354
READ Principles of Macroeconomics, Chapter 14, “Money and Banking" pages 344-354
CLASS LECTURE
CLASS LECTURE
Central Banks 11
Central Banks 11
HOW TO PREPARE
HOW TO PREPARE
READ Principles of Macroeconomics, Chapter 15, “Monetary Policy and Bank Regulation" p357-367
READ Principles of Macroeconomics, Chapter 15, “Monetary Policy and Bank Regulation" p357-367
CLASS LECTURE
CLASS LECTURE
Monetary Policy 12
Monetary Policy 12
HOW TO PREPARE
HOW TO PREPARE
READ Principles of Macroeconomics, Chapter 15, “Monetary Policy and Bank Regulation" p367-381
READ Principles of Macroeconomics, Chapter 15, “Monetary Policy and Bank Regulation" p367-381
CLASS LECTURE
CLASS LECTURE
Business Cycles 13
Business Cycles 13
CLASS LECTURE
CLASS LECTURE
Guest Speaker
Guest Speaker
TEST 3
TEST 3
MONEY, BANKING, MONETARY POLICY, BUSINESS CYCLES
International Trade 14
International Trade 14
HOW TO PREPARE
HOW TO PREPARE
READ Principles of Macroeconomics, Chapter 20, “International Trade"
READ Principles of Macroeconomics, Chapter 20, “International Trade"
READ Principles of Macroeconomics, Chapter 21, “Globalization and Protectionism"
READ Principles of Macroeconomics, Chapter 21, “Globalization and Protectionism"
CLASS LECTURE
CLASS LECTURE
Exchange Rates 15
Exchange Rates 15
HOW TO PREPARE
HOW TO PREPARE
READ Principles of Macroeconomics, Chapter 16, “Exchange Rates and International Capital Flows"
READ Principles of Macroeconomics, Chapter 16, “Exchange Rates and International Capital Flows"
CLASS LECTURE
CLASS LECTURE
Summary 16
Summary 16
CLASS LECTURE
CLASS LECTURE
ADDITIONAL RESOURCES
ADDITIONAL RESOURCES
FINAL EXAM
FINAL EXAM
https://www.loyola.edu/_media/department/registrar/documents/faculty/ug.exam.schedule.26sp.faculty.final.pdf
Section 01 Monday May 5 at 9AM
Section 05 Saturday May 2 at 9AM
Section 08 Thursday April 30 at 9AM
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