Parkes' Principles of Macroeconomics Assignments Page, Fall 2010


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       Tentative Schedule and Course Assignments:



        Final Exam, Chapters 23 - 35 on Thursday, November 25, 2010
                    From 14:15 to 16:15        Accounting #1, 2111 ... Accounting #2, 2112 .... Business Administration, 2212





      PAST ASSIGNMENTS:

                       Week 9

      November 2, 2010     SPECIAL SECTION! Chapter 10: ISLM - HANDED OUT IN CLASS


      November 4, 2010     Chapter 33: Inflation, Disinflation, and Deflation

                       Week 8

      October 26, 2010     Chapter 30: Money, Banking, and the Federal Reserve System


      October 28, 2010     Chapter 31: Monetary Policy
      • Chapter 31: Monetary Theory
        • Opportunity Cost of Money - the "price" (interest rate)
        • Two Theories of Money Demand
          • Liquidity Preference Theory (Money Demand depends upon the interest rate)
            • Nominal versus Real Demand for Money
            • Shifts in the Demand for Money Curve: Price Level changes, Technology and Income Changes
          • Velocity Approach to Money Demand
            • Quantity Equation
            • Percentage Change Identity: %M + %V = %P + %Y
        • Two Models of Interest Rates? See the Box on page 758!
          • Monetary Policy and the interest rate
            • Contractionary Monetary Policy
            • Expansionary Monetary Policy
          • The Effects upon Aggregate Demand
            • Fighting a Recessionary Gap
            • Cooling an Inflationary Gap
        • Short Run versus Long Run Effects
          • Price level effect in the long run on Money Demand, interest rates return and higher costs decrease business firms' supply
        • Monetary Neutrality
      • Chapter 34: Modern Macroeconomics
        • Classical Economics - A little look back
          • The Beginning of the Business Cycle
      • Krugman's Chapter 34 PPT
      • Day 14 PPT - Monetary Policy and money creation
      • Day 14a PPT - Money and Inflation
      • Krugman's Chapter 31 PPT - Second Edition

                         Week 6

      October 12, 2010     Chapter 27: Aggregate Demand and Aggregate Supply
      • Chapter 27: Aggregate Demand and Aggregate Supply
      • Aggregate Supply Curve
        • In the Short-Run slopes upward
        • Wage contracts make wages "Sticky" causing the upward slope
        • Shifts in AS
          • Changes in Commodity Prices
          • Changes in Nominal Wages
          • Changes in Productivity
        • In the Long Run Aggregate Supply is vertical - Called Potential Output
        • From the short-run to the long-run
          • wages change affecting business costs which affect suppliers and shift short-run AS
        • The Aggregate Demand Curve
          • Why the Aggregate Demand Slopes Downward
            • Wealth Effect
            • Interest Rate Effect
          • Why the Aggregate Demand Curve Shifts
            • Changes in Expectations
            • Changes in Wealth
            • Changes in the Stock of Physical Capital
            • Changes in Government Policies - Monetary and Fiscal Policy
      • Day 9 PPT - Aggregate Demand Shifts and CPI (US)
      • Krugman's Chapter 27 PPT - Krugman's Chapter 28 PPT - 2nd Edition

      October 14, 2010     Finish Chapter 27: Aggregate Demand and Aggregate Supply
      • From the short-run to the long-run
        • wages change affecting business costs which affect suppliers and shift short-run AS
      • Shifts in AS
        • Changes in Commodity Prices
        • Changes in Nominal Wages
        • Changes in Productivity
      • Why the Aggregate Demand Curve Shifts
        • Changes in Expectations
        • Changes in Wealth
        • Changes in the Stock of Physical Capital
        • Changes in Government Policies - Monetary and Fiscal Policy
      • Day 10 PPT - Never offered

        Mid-term Exam, Chapters 23 - 28 on Friday, October 15, 2010
                    From 1:30 pm to 3 pm        Accounting #1, WD 507A ... Accounting #2, WD 604A .... Business Management, WD 606A and WD 608A - email me if you have questions        See you tomorrow!




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email: andrew at andrewparkes.com
Last Update: November 10, 2010
By Andrew L. H. Parkes, Ph. D.