EC 112: Principles of Macroeconomics
Spring 2024
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: CAS 1 Room 220
This website is primarily for those students in my Spring 2024 EC 112 Principles of Macroeconomics course at Quinnipiac University. While the focus is on serving my students, I'm posting it publicly so anyone with an interest in macroeconomics can access it. Enjoy!
Required for this course:
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Hubbard and O'Brien's Macroeconomics, 8th edition, Pearson.
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Homework assignments will be a mix of ones I make up and end-of-chapter questions.
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
Section 1: Macroeconomic Foundations
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Chapter 8 - GDP: Measuring Total Production and Income
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Chapter 9 - Unemployment and Inflation
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Section 1 Practice Problems
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Section 1 PQ Practice Problems
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Excel sheet to use to practice and check answers with PQ games.
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Section 2: Keys to Long-Run Growth
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Chapter 10 – Economic Growth, the Financial System, and Business Cycles
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Chapter 11 – Long-Run Economic Growth: Sources and Policies
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Section 2 Practice Problems
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Section 2 Loanable Funds Practice Problems
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EXAM 1 - Tuesday, March 4 (covers Section 1 and Section 2 material)
Section 3: Short-Run Fluctuations
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Chapter 12 - Aggregate Expenditure and Output in the Short Run
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Chapter 13 - Aggregate Demand and Aggregate Supply Analysis
EXAM 2 - Tuesday, April 9 (Covers Section 3)
Section 4: Money, Banking and Monetary Policy
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Chapter 14 - Money, Banks, and the Federal Reserve System
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Chapter 15 - Monetary Policy
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Chapter 17 - Inflation, Unemployment and Federal Reserve Policy
Section 5: Fiscal Policy
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Chapter 16 - Fiscal Policy
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Appendix - A Closer Look at the Multiplier
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Notes on how to do AS-AD analysis (you can ignore the end about time paths)
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AS-AD Basics: (PDF)
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Example Answer key for 2023 AS-AD problems.
EXAM 3 - QU Final Exam Date