Economics 102 DRAFT - PRELIMINARY s2

Economics 102 Course Outline and Reading List Revised Feb. 26 Spring 2004

Lecture Date Topic Reading

1. Jan. 27 Introduction: What is Economics? Chap. 1 2. Jan. 29 The US Economy - An Overview Chap. 2 3. Feb. 3 Supply and Demand Chap. 3 4. Feb. 5 Using Supply and Demand Analysis Chap. 4 5. Feb. 10 Why Worry About Macroeconomics? Chap. 5 6. Feb. 12 Measuring National Income Chap. 6 7. Feb. 17 Unemployment and Inflation Chap. 7 8. Feb. 19 Equilibrium and the Macroeconomy Chap. 8 9. Feb. 24 Fiscal Policy and the Role of the Government Chap. 9 10. Feb. 26 Monetary Policy and the Role of the Fed Chap. 10&11 11. Mar. 2 Linking Money and the “Real” Economy Chap. 11&12 12. Mar. 4 Aggregate Supply and Demand Chap. 13

First Prelim - Evening of March 4

13. Mar. 9 More Aggregate Supply and Demand 14. Mar. 11 Unemployment - Causes and Tradeoffs Chap. 14 15. Mar. 16 Macro Policy and the Deficit Chap. 15 16. Mar. 18 Makeup for First Prelim in Class 17. Mar. 30 Review of First Prelim 18. Apr. 1 Investment and the Capital Markets Chap. 16 19. Apr. 6 Government Policy and Micro Response Chap. 17 20. Apr. 8 Monetarism, New Classicals and Supply Siders Chap. 19 21. Apr. 13 Review for Second Prelim

Second Prelim - Evening of April 13

22. Apr. 15 International Trade - Comparative Advantage Chap.20 23. Apr. 20 Barriers to Trade and International Agreements Chap. 20 24. Apr. 22 Exchange Rates and the Balance of Payments Chap. 21 25. April 27 International Debt and Capital Flows Chap. 22 26. Apr. 29 Economic Growth - Sources and Structural Change Chap. 18&23 Apr. 29 Second Prelim - Makeup 6:00 PM 27. May 4 Economies in Transition and Central Planning Chap. 23 28. May 6 The World Bank and the IMF Chap. 22

May 6 - Short Papers Due

All readings are from Case & Fair Principles of Macroeconomics 7th Ed. Prentice Hall 2004.