1/13

Introduction

1/15, 20

Ch. 4: A first look at macroeconomics

1/22, 27

Ch.5: Measuring GDP and economic growth

• Stimulus package,
•  Job loss video
• Krugman -- dark age of macro

1/29; 2/3,5

Ch. 6: Monitoring jobs and the price level

2/10,12

Ch. 7:  At full employment:  The classical model

• Obama on stimulus package

2/19

First midterm exam (subject to change)

Form 1, 2, 3, 4, Key
Grade distribtuion

2/24, 26

Ch. 9: Money, the Price Level and Inflation

3/3, 5

Financial Markets:  Stocks and Bonds.

3/7-15

Spring Break

Ch.10:  The Exchange Rate and the Balance of Payments.

• Big Mac Currencies
• Gold prices  & exchange rates for PPP
• U.S. insists China fears unfounded
• Wall Street responds to Fed announcement
• $ falls on Fed announcement

Ch. 11:  Aggregate Supply and Aggregate Demand

4/2, 4/7

Ch. 13:  U.S. Inflation, Unemployment and Business Cycles

• The $163k tax bomb

4/9

Second midterm exam (subject to change)
Form 1, 2, 3, 4, Answer key
Grade distribution

4/14, 16, 21

Ch. 14:  Fiscal Policy

• Budget passes Senate
• Budget overview
• Everyone should pay income taxes
• Multipliers -- Barro & Krugman
• The taxman cometh -- video

4/23. 28

Ch. 15:  Monetary Policy

• Fed luminaries spar over inflation target
• WSJ -- will Fed turn off money pump?

5/5

Review Outline

ECO202 Final exam 9:45 a.m.; 102 Benton Hall