EC 112: Principles of Macroeconomics
Spring 2025
Assoc. Prof. Chris Ball
Economics Department
Email: christopher.ball@qu.edu
Office phone: +1 203 582 8745
Office Location: 4th Floor Rocky Top Student Center
QU Course Number: EC 112-01
Days: T,TH
Time: 12:30 - 1:45 pm
Location: Tator Hall 317
Required for this course:
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no book assigned.
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To succeed: attend class, read online notes, take notes and work problems
My Substack Column:
https://globalecon.substack.com/
Our QU Econ Research Team:
https://www.globaleconomics.net/
Note: Substack columns are FREE. There's an option to pay monthly to support my work, but I would never ask my students to do that. If you sign up, please just stay on for free!
COURSE OUTLINE
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Review of Supply and Demand Analysis - download
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Module 1: Macroeconomic Foundations
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Introduction to Macroeconomics - download
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Circular Flow Diagram
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Circular Flow Diagram Description - download
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Circular Flow Diagram Analysis - download
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Note on calculating percentage changes - download
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"PQ Games": Calculating GDP(s), Price Levels, and Growth Rates - download
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Youtube video for Calculating CPI - video
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Excel sheet (download) to practice PQ games.
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Gross Domestic Product - download
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The Classical Dichotomy and Its Implications​ - download
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"Everything equals everything"
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Unemployment​
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Practice Problems (Not Graded)
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Homework (Graded)
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EXAM 1 - TBD
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Module 2: Money and Banking
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Money Basics - download
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Money, Inflation and Traditional Policy - download​​
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The Banking System and Money​​
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Open Market Operations
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Traditional Money Multiplier, Banks and Balance Sheets
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The Real Money Market and Nominal Interest Rates
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The Real Money Market Intro and Overview - download​
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The Real Money Market Part 1 - Basics: download
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The Real Money Market Part 2 - Link to AS-AD: download
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Practice Problems (Not Graded)
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Practice Problems 3:​ Money Basics and Banks - download
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Practice Problems 4: The Real Money Market - download
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Homework (Graded)
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Homework 3: Money Basics and Banks - download
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Homework 4: The Real Money Market - download
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EXAM 2 - TBD
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Module 3: AS-AD Analysis
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AS-AD Analysis
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Expectations and Explosive Economic Dynamics
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Dangerous Expectations (all in one doc) - download​​​
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Adding Policy to AS-AD Analysis - download
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Practice Problems (Not Graded)
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Practice Problem 4:
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Practice Problem 5:
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Homework (Graded)
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Homework 5: AS-AD Basics​
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Homework 6: AS-AD Advanced
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EXAM 3 "Final Exam" - TBD
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