William Rainey Harper College
ECO 212
Macroeconomics in a Global Economy

LESSON BLANK

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LESSONS:

Unit 1: ECONOMICS and GLOBALIZATION

  • 1a - Introduction to the Course
  • 1b - The 5Es of Economics
  • 1c - What is Economics, Models, BCA, Budget Lines
  • 1d -Production Possibilities (PPC)
  • 2a - Globalization (Economies in Transition)
  • 3a - Demand
  • 3b - Supply
  • 3c - Market Equilibrium and Efficiency
  • 20a -Why we Trade: Comparative Advantage
  • 20b - International Trade
  • 5a - Market Failures
  • 5b - Role of Gov't and Gov't Finance

Unit 2: INTRODUCTION TO MACROECONOMICS

  • 12a - Introduction to AD and AS
  • 12b - Using AD/AS
  • 9a - Unemployment (UE)
  • 9b - Inflation (IN)
  • 7a - Measuring the Economy: GDP
  • 8a - Economic Growth (EG)
  • 22Wa - Economic Growth in the LDCs

Unit 3: MONETARY POLICY

  • 14a - Money, Money Market, and the Fed
  • 15a - How Banks Create Money
  • 16a - Monetary Policy (MP)
  • 16b - Other Macro Issues and Models

Unit 4 FISCAL POLICY

  • 10a - The Spending Multiplier
  • 13a - Fiscal Policy
  • 13b - Other Fiscal Policy Issues and Government Debt

UNIT 1 - INTRODUCTION TO ECONOMICS AND GLOBALIZATION

1a Introduction to the Course

 

1b The 5Es of Economics: How to Reduce Scarcity

 

 

1c What is Economics, Models, BCA, Budget Lines

 

 

 

 

1d Production Possibilities Curve (PPC)

 

 

 

 

2a Globalization (Structural Adjustment)

 

 

3a Demand

 

 

 

 

3b Supply

 

 

3c Market Equilibrium: So, what happens to Price and Quantity? AND Efficiency

 

 

 

 

20a Why we Trade: Comparative Advantage

 

20b International Trade and Foreign Exchange Markets

 

 

5a Market Failures

 

 

 

 

5b Role of Government and Government Finance

 

 

 

UNIT 2 - INTRODUCTION TO MACROECONOMICS

12a - The AD/AS Model: The Graphs and the Determinants

 

Key Graph:

 

 

  

12b - Using the AD/AS Model: Equilibrium in the Macro-Economy and UE, IN, and EG

 

Key Graphs:

 

 

9a Unemployment (UE)

 

 

 

9b Inflation (IN)

 

7a Measuring the Economy: GDP

 

 

 

8a Economic Growth (EG)

 

Key Graphs and Figures:

 

  

22Wa Economic Growth in the Less Developed Countries (LDCs)

 

 

UNIT 3 - MONETARY POLICY

14a Money, The Money Market Model, and the Fed

 

 

KEY GRAPHS

Money Demand

Increase in the money supply

Decrease in the money supply

 

15a How Banks Create Money

 

 

 

16a Monetary Policy

 

 

KEY GRAPHS:

Easy (Expansionary) Money Policy:

 

Tight (Contractionary) Money Policy:

 

 

16b Other Macro Issues and Models

 

 

UNIT 4 - FISCAL POLICY

10a The Spending Multiplier

 

KEY GRAPHS

 

13a Fiscal Policy

 

KEY GRAPHS

 

 

13b Other Fiscal Policy Issues and Government Debt