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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

Syllabus for Spring 2025

 

Required for this course:

  • no book assigned.

  • 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

  • Introduction to Macroeconomics - download

  • Circular Flow Diagram

    • Circular Flow Diagram Description - download

    • Circular Flow Diagram Analysis - download

    • Note on calculating percentage changes - download

    • "PQ Games": Calculating GDP(s), Price Levels, and Growth Rates - download

      • Youtube video for Calculating CPI - video

      • Excel sheet (download) to practice PQ games.

    • Gross Domestic Product - download

      • Note on Current USA GDP Numbers - download

      • Excel sheet to calculate Current USA GDP Numbers - download

  • The Classical Dichotomy and Its Implications​ - download

  • "Everything equals everything"

    • Savings and Investment Basics - download

    • Loanable Funds Analysis - download​

  • Unemployment​

  • Practice Problems (Not Graded)

    • Practice Problems 1: PQ and Other Basics - download

    • Practice Problems 2: Loanable Funds - download

  • Homework (Graded)

    • Homework 1: PQ and Other Basics - download

    • Homework 2: Loanable Funds - download

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EXAM 1 - TBD

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Module 2: Money and Banking

  • Money Basics - download

  • Money, Inflation and Traditional Policy - download​​

  • The Banking System and Money​​

    • Open Market Operations

      • Putting Money Into the Economy Pt 1: download​

      • Putting Money Into the Economy Pt 2: download

      • Putting Money Into the Economy Pt 3: download

    • Traditional Money Multiplier, Banks and Balance Sheets

      • Money Multiplier Pt 1 - Banking Multiplier: download​

      • Money Multiplier Pt 2 - Counting Money: download​

      • Money Multiplier Pt 3 - Full Multiplier: download​

      • Mankiw's "Ch 4 Monetary System" notes: download

  • The Real Money Market and Nominal Interest Rates

    • The Real Money Market Intro and Overview - download​

    • The Real Money Market Part 1 - Basics: download

    • The Real Money Market Part 2 - Link to AS-AD: download

  • Practice Problems (Not Graded)

    • Practice Problems 3:​ Money Basics and Banks - download

    • Practice Problems 4: The Real Money Market - download

  • Homework (Graded)

    • Homework 3: Money Basics and Banks - download

    • Homework 4: The Real Money Market - download

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EXAM 2 - TBD

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Module 3: AS-AD Analysis

  • AS-AD Analysis

    • AS AD Basics - download​

    • Considering the Extreme Short Run (see Dangerous Expectations, below)

    • The Phillips Curve: A Common Statistical Relationship - download

    • The Phillips Curve: Friedman's Critique and Losing Control - download

  • Expectations and Explosive Economic Dynamics

    • Dangerous Expectations (all in one doc) - download​​​

  • Adding Policy to AS-AD Analysis - download

  • Practice Problems (Not Graded) 

    • Practice Problem 4:

    • Practice Problem 5:

  • Homework (Graded)

    • Homework 5: AS-AD Basics​

    • Homework 6: AS-AD Advanced

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EXAM 3 "Final Exam" - TBD

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