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.
GDP Assignment #1c
Macroeconomics GDP Homework #1c GDP Assignment #1d
GDP Assignment #1dGDP Assignment #1E
GDP Homework Assignment 1EEmployment 2
Employment 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
Monday February 17, 2025
Students can submit TEST 1 CORRECTIONS NO later than March 12, 2025
Test corrections should be completed as follows:
For each question that you are correcting write a paragraph that provides a definition of the aggregates in the question, the appropriate formula that is needed to answer the question, and a discussion about what should be included and what is not included in the calculation. Then show the formula, the variables, your work and the correct answer.
You must include your original test with your test correction submission.
Your grade for Test 1 will be the average of your original test 1 grade and your test 1 correction grade.
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) 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
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
Friday March 21, 2025
Students can submit TEST CORRECTIONS until March 31st, 2025
Write a paragraph that answers the question in the test correction document on the right for each test correction .
You must cite the
(1) textbook chapter and page or (2) slide presentation name and slide number that you use for your answer.
Include your original test answer sheet with your test correction submission.
Your grade for Test 2 will be the average of your original test 2 grade and your test 2 correction grade.
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
HOW TO PREPARE
HOW TO PREPARE
TBD
CLASS LECTURE
CLASS LECTURE
Guest Speaker
Guest Speaker
TEST 3
TEST 3
MONEY, BANKING, MONETARY POLICY, BUSINESS CYCLES
Monday April 14, 2025
The test is ONLINE on MOODLE
You can take the test anytime between 5pm and 10pm.
Once you start, you will have 1 hour to complete it.
This is an open book test.
This is not a group project.
You must complete the test without any assistance from anyone.
You may not use generative AI.
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/department/records/student-exam
Section 04 - Friday May 2, 2024 @ 9am
Section 07 - Friday May 2, 2024 @ 1pm
The final exam is an open book - open notes test.
You may use any paper materials during the exam, but you may not use the internet.
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