Download ECON 201-100 Principles of Macroeconomics

UNIVERSITY ,
COURSESYLLABUS
of
P
COLORADO
GRAVES
Following a brief discussion of basic economic
problems, and of the "economic
way of thinking,
a more extended discussion of resource allocation in a market
economy is presented. The historical and institutional
aspects of contemporary
capitalism are then incorporated into the analysis with parcicular emphasis
falling on the role of government.
The measurement of key e c o nvariables
omic
national income, price and occupational
indices, employment and unemployment, interest
rates, and so on - is next considered, since interactions amongthese variables
constitute the central analytical
problem of the course
This central problem is
to determine
the level of rational i n c o m
Theesinplest
.
model dealing
only with
the "real sector" gives way to progressively more complicatedmodels which incorporateasset markets. The emph asisthroughout is on policy
relevant understanding
(e.g. Do interest rates rise or fall when the money supply is increased? What
happens in the economy if government expenditure,
taxes, or the money supply change?
How isthe unemployment rate affected?).Other concerns are woven into the discussion
at various points: income distribution
discrimination,
the money supply process,
public sector economics, international trade, growth, and stabilization problems
and policies.
TEXT
••
Gwartney, James D. and Richard Scroup, Macroeconomics
Edition, 1980.
Course Outline
AND
I.
Introduction to Economic Thinking
1L Text-Chaptersl , 2
B.
II.
Lecture
ASSIGNMENTS
and Tools
notes
Supply Demand and the Market System
A. Text-Chapter
3
B. Lecture notes
III. Public Sector,
A.
B.
IV.
READING
Academic Press, 2nd
Taxes and
Government
The Circular Flow and Measurement
A. Text-Chapters
6, 1
B.
Spending
Text-Chapters 4, 5
Lecture
"ttJrt) notes
Lecture
notes
of A g g r e
Economic
g a t eActivity
..
Principles
Macroeconomic
Course
v.
Syllabus page 2
The Simplest
A.
B.
VI.
VIII.
and
Money
A.
B.
X.
XII.
the Banking System
Text - Chapter 11
Lecture notes
Model
Lecture notes
Monetarism, Inflation and New Directions
A. Text - Chapters 13 14 15
B. Lecture
notes
of Macroeconomics
International
A.
B.
XI.
Lecture Notes
The
More Complete Keynesian
A.
Text-Chapter
12
B.
IX.
8 8
L e c notes
t u.uJr e
and Topics - The Simples Model
Text - Chapters
9 , 10
Policy
A,
B.
VII.
K e y n eEconomic
s i a n Model
Text Chapter
Trade
Text - Chapters
16, 17
Lecture Notes
A.
Growth and Comparative
Text - Chapters 18, 19
B.
Lecture
1'10t:E3
Development
Systems
Public Choice and Miscellaneous Topics
in Macroeconomics
A.
Text - Chapters
20, 21; 22
B. Lecture
notes (esp. Macrodynamics
and Depression)
Not