William Rainey Harper College MACROECONOMICS ONLINE! MACROECONOMICS IN THE GLOBAL ECONOMY ~/~ Home ~/~ Syllabus ~/~ Schedule ~/~ ASSIGNMENTS ~/~ Lectures ~/~ BlackBoard ~/~ Textbook Website ~/~

Unit 1 - WHAT IS ECONOMICS and GLOBALIZATION ?

Week 1 / Chapter 1 - The 5Es of Economics Reading Assignments: Chapter 1 ALL (including the appendix "Graphs and Their Meaning") PLUS: Efficient Allocation pp. 55-56 The online lecture is VERY IMPORTANT: The 5Es of Economics Worked Problems: W1.1 and W1.2 @ http://www.mcconnell17.com Web Quizzes at http://www.mcconnell17.com Quiz 1: all questions Quiz 2: all questions Quiz 3 #1-7, 9, 10 Study Guide Chapter 1: Multiple Choice: # 1-7, 10-12, 14-24 Problems: # 4, 5 Appendix: Multiple Choice: # 1, 2, 6, 11, 12 15, 16, 17 Problems: # 1a, 1b, 2a, 4   Week 2 / Chapter 2 - Economic Systems and Globalization Reading Assignments: Chapter 2 ALL PLUS pages 2-13 from Chapter 23W of the 16th editon of our textbook found online at: http://highered.mcgraw-hill.com/sites/dl/free/0072875577/141636/Webchapter23.pdf:  State Ownership and Central Planning: 23W-2 to 23W-3  Problems with Central Planning 23W-3 to 23W-5  The Collapse of the Soviet Economy 23W-5 to 23W-6 The Russian Transition to a Market System 23W-6 to 23W-9 Market Reforms in China 23W-10 to 23W-11 Outcome and Prospects 23W-11 to 23W-13 Conclusion 23W-13 The Last Word - WTO Protests: pp. 256-257 Last Word: Shuffling the Deck: p. 40 The Last Word - Economic Growth in China: p. 316 Global Competition, p. 99 The Last Word - Petition of the Candlemakers, 1845: p. 100 The Last Word: Shuffling the Deck: p. 40 http://www.harpercollege.edu/mhealy/eco212i/lectures/command/econsys.htm  Web Quizzes at http://www.mcconnell17.com Quiz 1: all questions (note: the correct answer for #5 is A.) Quiz 2: #1-4, 6-10 Quiz 3: #1, 2, 4, 7-11 (#3 error) Study Guide Multiple Choice: # 1-3, 6, 7, 9, 11, 12, 13, 19-25 Problems: # 1, 4   Week 3 / Chapter 3 - The Efficiency of Markets: Supply and Demand Reading Assignments: Chapter 3 pp. 44-57 also: http://www.harpercollege.edu/mhealy/eco211/lectures/s%26d/sdeff.htm Web Quizzes at http://www.mcconnell17.com Quiz 1: all questions Quiz 2: all questions Quiz 3 #1-3, 5-10 Study Guide Multiple Choice: # 1-28 Problems: # 1-6, 8 Week 4 / Chapters 5 and 18 - TRADE: Specialization and Exchange Reading Assignments: ALL of chapter 5 Chapter 18 pp. 339-346, 349-357 (ignore supply and demand graphs) Recent U.S. Trade Deficits pp. 375-378 "The mystical power of free trade" http://www.cnn.com/ALLPOLITICS/time/1999/12/06/free.trade.html http://www.ncpa.org/pd/trade/pdtrade/pdtrade10.html http://news.bbc.co.uk/1/shared/spl/hi/pop_ups/03/business_trade_and_poor_countries/html/1.stm Worked Problem 5.1 and 18.1 at http://www.mcconnell17.com Web Quizzes at http://www.mcconnell17.com Chapter 5 Quiz 1: #1-4, 6, 8, 9 Quiz 2: #3, 5, 7, 9, 10 Quiz 3: #1-7, 9, 10 Chapter 18 Quiz 1: #7, 8, Quiz 2: #3, 5 (difficult), 8 Quiz 3: #1-5, 7, 9, 10 Study Guide Multiple Choice: Chapter 5: #1, 2, 4, 5, 7-19, 24, 25 Chapter 18: # 1-12, 18-25 Problems: Chapter 5: # 1, 2, 3, 4 Chapter 18: # 1 a-d,   Week 5 / Chapter 4 - The Public Sector (Government): Role and Finance Reading Assignments: pp. 57-61 Government Set Prices Chapter 4 only pp. 71-80 Worked Problem 4.1 at http://www.mcconnell17.com Web Quizzes at http://www.mcconnell17.com Quiz 1: #1-4, 8, 9 Quiz 2: #3, 5, 6, 8, 9, 10 Quiz 3: #4-7, 9 Study Guide Multiple Choice: # 9-17, 19-25; ALSO p. 36 (ch.3) # 29, 30 Problems: # 2, 4; ALSO p. 33 (ch.3) # 7

Unit 2 - INTRODUCTION TO MACROECONOMICS

Week 7/Chapter 10 - AS/AD Reading Assignments: The Business Cycle: pp. 127-128 Promoting Stability: p. 74 Chapter 10 - Agggregate Supply and Aggregate Demand: ALL Taxation and AS (Supply -Side Economics): pp. 295-299 From Short Run to Long Run: pp. 285-290 Web Quizzes at http://www.mcconnell17.com Quiz 1: #1, 3-10 (note: in #4 and 5 the AD graph shifts to the left) Quiz 2: #2-5, 7-10 (note: #1 the full employment level is $50) Quiz 3: none (quiz is from the wrong chapter) Study Guide Multiple Choice: # 1-9, 14-20, 22-25 Problems: # 1, 2, 4 Week 8/Chapter 7 - Unemployment and Inflation Reading Assignments: ALL of chapter 7 Worked Problem 7.1 and 7.2 at http://www.mcconnell17.com Web Quizzes at http://www.mcconnell17.com Quiz 1: #1, 3, 5, 7-10 (note: #1 the correct aswer is 5%) Quiz 2: #1, 2, 5-10 Quiz 3: #1-3, 5-10 Study Guide Multiple Choice: # 1-4, 613, 16-18, 20-25 Problems: # 1, 2, 3, 5, 6 Week 9/Chapter 6 - Measuring the Economy- Reading Assignments: Chapter 6 - ALL  Worked Problem 6.2 at http://www.mcconnell17.com Web Quizzes at http://www.mcconnell17.com Quiz 1: all questions (#6 is difficult) Quiz 2: #1-5, 7-10 Quiz 3: #1-4, 6-10 Study Guide Multiple Choice: # 1, 2, 4-7, 9-13, 15-18, 20, 23-30 Problems: # 4, 5 Week 10/Chapters 16 and Web Chapter 16 - Economic Growth and the Less Developed Countries Reading Assignments "A Growing Economy" pp. 15-16 "Economic Growth" pp. 125-126 Chapter 16 - ALL LDC - Web Chapter 16 - ALL at: http://highered.mcgraw-hill.com/sites/dl/free/0073126632/384249/mcc26632_ch16w.pdf also read: http://www.harpercollege.edu/~mhealy/g101ilec/intro/eco/ecomea/ecomeafr.htm Web Quizzes chapter 16 at http://www.mcconnell17.com Quiz 1: # 1, 4, 5, 7, 9, 10 Quiz 2: # 1, 2, 4, 10 Quiz 3: # 1-3, 8, 10 Web Quizzes chapter 16W at http://www.mcconnell17.com Quiz 1: # 1-4, 6, 7, 9 Quiz 2: # 1-5, 7-10 Quiz 3: # 3, 5, 6, 7, 9, 10 Study Guide Chapter 16: Multiple Choice: # 1-5, 8, 9, 10, 13, 15-20 Problems: # 2, 3 Chapter 16W: Multiple Choice: # 1-8, 10-14, 16-25 Problems: # 1, 2

Unit 3 - MACROECONOMIC POLICY

Week 12/Chapters 8 and 11 - Fiscal Policy Reading Assignments: ALL of chapter 8 ALL of chapter 11 pp. 295-299 "Taxation and Aggregate Supply" Worked Problems 8.1 and 8.2 at http://www.mcconnell17.com Web Quizzes chapter 8 at http://www.mcconnell17.com Quiz 1: all Quiz 2: #1-5, 7-10 Quiz 3: #1, 2, 3, 6, 7, 8,10 Web Quizzes chapter 11 at http://www.mcconnell17.com Quiz 1: #2-10 Quiz 2: #1-5, 7-10 Quiz 3: #1, 2, 4-10 Study Guide Chapter 8: Multiple Choice: ALL Problems: # 1, 4, 5 Chapter 11: Multiple Choice: # 1-5, 10, 11 Debt/Deficits: 12-25 Problems: # 4, 5 Week 13/Chapters 12 and 13 - Money and How Banks Create It Reading Assignments: ALL of Chapter 12 ALL of chapter 13  Worked Problems 13.1 and 13.2 at http://www.mcconnell17.com Web Quizzes chapter 12 at http://www.mcconnell17.com Quiz 1: # 1, 3, 7, 8 Quiz 2: # 2, 3, 5 - 9 Quiz 3: # 1, 2, 4, 6, 7, 10 Web Quizzes chapter 13 at http://www.mcconnell17.com Quiz 1: all Quiz 2: all Quiz 3: # 1-6, 8-10 (#7 assume the required reserve ratio is 10%, not 5%) Study Guide Chapter 12 Multiple Choice: # 1-4, 6, 9, 13, 15-23 Chapter 13 Multiple Choice: # 1, 3-25 Problems: # 1-4 Week 14/Chapter 14 - Monetary Policy Reading Assignment: ALL of chapter 14  Worked Problem 14.3 at http://www.mcconnell17.com Web Quizzes chapter 14 at http://www.mcconnell17.com Quiz 1: # 1-6, 10 Quiz 2: all Quiz 3: all Study Guide Multiple Choice: # 1, 3, 4, 7, 8, 14 (tricky), 16-30 Problems: # 3, 4, 5 (the graph is slightly off; the answers to question c and d(4) I think should be "see Figure 14.5 in text").