Economics 102 DRAFT - PRELIMINARY



Economics 1120

Course Outline and Reading List

Fall 2011

Lecture Date Topic Reading

1. Aug. 24 Introduction: What is Economics? Chap. 1

2. Aug. 29 The US Economy - An Overview Chap. 2

3. Aug. 31 Supply and Demand Chap. 3

4. Sep. 5 Using Supply and Demand Analysis Chap. 4

5. Sep. 7 Why Worry About Macroeconomics? Chap. 5

6. Sep. 12 Measuring National Income Chap. 6

Assignment – Using the data for GDP per capita at find out how much output per person has grown from the year you were born compared to now

7. Sep. 14 Unemployment and Inflation Chap. 7

Assignment – Using the data for the CPI at - find out first how much a dollar is worth today compared to the month you were born and second what the average annual rate of inflation over that period has been

8. Sep. 19 Equilibrium and the Macroeconomy Chap. 8

9. Sep. 21 Fiscal Policy and the Role of the Government Chap. 9

Assignment – Do the “Penny Game” at



10. Sept. 26 Money and the Role of the Fed Chap. 10

11. Sept. 28 Money Demand and Monetary Policy Chap. 11

12. Oct. 3 Linking Money and the “Real” Economy Chap. 12

13. Oct. 5 Aggregate Supply and Demand Chap. 13

First Prelim - Evening of October 6

14. Oct. 12 Unemployment - Causes and Tradeoffs Chap. 14

15. Oct. 17 Macro Policy and the Deficit Chap. 15

Assignment – Look at the National Debt Clock at - If this debt is shared equally by all citizens, what is YOUR share?

16. Oct. 19 Investment and Capital Markets Chap. 15

17. Oct. 24 Consumption Decisions and the Life Cycle Chap. 16

18. Oct. 26 Social Security, the Deficit and the Long Run

Assignment – Read the Social Security Primer at: (also on course website)

19. Oct. 31 Monetarism, New Classicals and Supply Siders Chap. 18

20. Nov. 2 International Trade - Comparative Advantage Chap.19

Second Prelim – Evening of November 3

21. Nov. 7 Barriers to Trade and International Agreements Chap. 19

22. Nov. 9 Exchange Rates and the Balance of Payments Chap. 20

Assignment – Read the following article on exchange rates:

(A Beginner’s Guide to Exchange Rates)

23. Nov. 14 International Debt and Capital Flows Chap. 20

24. Nov. 16 Globalization, Trade and Immigration Chap. 20

25. Nov. 21 Economic Growth - Sources and Structural Change Chap. 17&21

26. Nov. 28 Economies in Transition and Central Planning Chap. 21

27. Nov. 30 Outlook for the Economy in 2012

Makeup for First Prelim Evening of October 17 (to be confirmed)

Makeup for Second Prelim Evening of November 9 (to be confirmed)

Final Exam is on December 14 at 9AM.

All readings are from Case, Fair & Oster Principles of Macroeconomics 10th Ed. Prentice Hall 2012.

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