Principles of MACRO Economics

Syllabus

Reading:
- Main text: Case Fair Oster “Principles of Microeconomics” 11th ed.
- additional: Gregory Mankiws "Ten Principles of Economics" (chapter 1)
All tests are closed book exams, no material is permitted --> mobile phones are strictly forbidden!!

Schedule (preliminary - changes may occur and will be announced in class and in the following table):
Time: MTWR 10:15 am-12:20 pm --- Room: CH 212

No	Day	Book Chapter	Topics	Further material
1	Mon 23 June	(Mankiw chap. 1)	Introduction and “10 Principles of Economics” - Basic Questions: Why Economics? -> Basic Concepts of Economics	- Welcome.ppt - Teamwork about Mankiws "Ten Principles of Economics" and excerpt from B. Obama "The Audacity of Hope" (p. 176-184) (also see a debate in the Economist)
2	Tue 24 June	(Mankiw chap. 1)	Introduction: Basic problems; economic systems	- Hierarchy of goals in market economies - "Wall Street" (1987) @ Wikipedia; "Greed is good" speech on Youtube or a commented version with highlighted texts.
3	Wed 25 June	1 + 2	Teams' Presentation about Mankiws "Ten Principles of Economics" Ch. 1: The Scope and Method of Economics Ch. 2: The Economic Problem: Scarcity and Choice	Please use the online resources, tests and case studies on the book webpage
4	Thu 26 June	3	Ch. 3: Demand, Supply, and Market Equilibrium
5	Mon 30 June	4	Ch. 3: Demand, Supply, and Market Equilibrium Ch. 4: Demand and Supply Applications - Brief review ++ your questions	- "Wall Street" (1987) @ Wikipedia; "Greed is good" speech on Youtube or a commented version with highlighted texts.
6	Tue 1 July	Test 1	- Test 1 with 75 MC questions (up to chapter 3, see above)	- results_test_1_anonymous.pdf
7	Wed 2 July	5 6	Ch. 4: Demand and Supply Applications Ch. 5: Elasticity Part II: THE MARKET SYSTEM: CHOICES MADE BY HOUSEHOLDS AND FIRMS Ch. 6: Household Behavior and Consumer Choice
8	Thu 3 July	6	Ch. 6: Household Behavior and Consumer Choice
9	Mon 7 July	7	Ch. 7: The Production Process: The Behavior of Profit- Maximizing Firms	- The production process - Functions of Competition
10	Tue 8 July	8	Ch. 8: Short-Run Costs and Output Decisions
11	Wed 9 July	9 10	Ch. 9: Long-Run Costs and Output Decisions (briefly / only parts) Ch. 10: Input Demand: The Labor and Land Markets
12	Thu 10 July	Test 2	- Brief repetition and your questions - Test 2 with 75 MC questions (chapters 4 to 8.1 ("Costs in the Short Run"))	- results_test_2_anonymous.pdf - aggregate results after tests 1 and 2.pdf
13	Mon 14 July	11	Ch. 11:. Input Demand: The Capital Market and the Investment Decision
14	Tue 15 July	12	Ch. 12: General Equilibrium and the Efficiency of Perfect Competition
15	Wed 16 July	13	Part III: MARKET IMPERFECTIONS AND THE ROLE OF GOVERNMENT Ch. 13: Monopoly and Antitrust Policy
16	Thu 17 July	14	Ch. 14: Oligopoly	- Movie "A beautiful Mind" about John F. Nash - "Split or Steal" and "From Stealing to Trust"
17	Mon 21 July	15	Ch. 15: Monopolistic Competition
18	Tue 22 July	16 17	Ch. 16: Externalities, Public Goods, and Social Choice Ch. 17: Uncertainty and Asymmetric Information
19	Wed 23 July	18 + 19 20 + 21	Ch. 18: Income Distribution and Poverty Ch. 19: Public Finance: The Economics of Taxation Outlook: Part IV: THE WORLD ECONOMY Ch. 20: International Trade, Comparative Advantage, and Protectionism // Ch. 21: Economic Growth in Developing and Transitional Economies Summary and YOUR QUESTIONS !!!	Study Abroad! An invitation to the World, esp. (Hochschule) Bremen ;-) at UNCW/Cameron see http://csb.uncw.edu/global/index.htm and/or talk to Dr. Thomas Porter for the summer program in Bremen, please talk to Dr. Christopher Dumas (Professor of Economics)
20	Thu 24 July	Test 3	Final Test with 75 MC questions (esp. chapters 8.2 ("Output Decisions ...") to 17, but also topics of general interest (10 principles, elasticities, ...) as specified in class).	- results_test_3_anonymous - FINAL RESULTS after all three tests

Team: Date:	(All students)	1	2	3	4	5
NAMES of	team members:	Dylan Maud James Ueki Kalen Vogler (Jonathan Mayo?) + Mason Angel	Joseph Baxley Anna Fowlkes Amber Miller Jake Townsend	Patrick Boyer Lena Brown Hailey Noufer Lauren Williams	Gabrielle Ferguson Josh Harvey Timothy Robinson Lee Scott	Dillon Caraway Bradford Ewing William Little Madison Parker
Mon 23 June	no tasks, Mankiws "Principles" in class:	1-2	3-4	5-6	7-8	9-10
Tue 24 June	Mankiw: "Problems and Applications" ALL-> Nr. 17 ONE exampe !	14 (+1 ex. for 17)	13 (+1 ex. for 17)	12 (+1 ex. for 17)	8 (+1 ex. for 17)	3 (+1 ex. for 17)