Macroeconomics

Day 1 Dr. Andrew L. H. Parkes

A Macroeconomic Understanding for use in Business

Syllabus and Our Course

The syllabus provides an outline of what we will cover during the term: Chapters 23 through 35 of the textbook. This week we will talk about Chapters 23 & 24.

The required textbook

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Lectures and Practice Problems

Lectures: 2 hours per week I will introduce the new material to you. Practice Problems: We will do assignments from my slides and from the textbook. You will have to prepare assignments for every class; there is NO class without homework (sometimes just reading). You will do all of your own work during the course. Copied assignments will be given 0 marks. Notice you must have access to WSJ, FT (also investopedia.com Forbes, etc.).
Keep up to date with Economics related issues

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Grading
First Exam Final Exam Homework Quizzes

20% 60% 10% 10%

Total

- 100%

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Principles of Macroeconomics (Ch. 23)

Nothing is required to begin this course! Definitions: We know MANY of these already! Real GDP, CPI, GDP deflator, Unemployment rate,

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Principles of Macroeconomics (Ch. 23)

A snapshot from The Economist online magazine:

(Chinas private vehicles are growing faster than the amount of express highways is growing. The growth rates are expressed in the graph above as the slopes of the lines.)
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http://www.economist.com/node/16909167

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MY WEBSITE: andrewparkes.com

Or blog sometimes I comment on economics and finance. Like this =>

Total Public Debt Outstanding 11/29/2007 3/19/2009 9/06/2010 $ 9,139,880,193,861.94 $ 11,039,686,130,898.10 $ 13,442,057,367,029.28
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Yuan trades at what rate today?

See BB (Blackboard.com) for articles we discuss! Three Goals of any MACROECONOMY

Full Employment Unemployment Rate Economic Growth REAL GDP Price Stability - CPI

KNOW what real GDP and CPI mean

On the first test!!! 5 pts
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U. S. Real GDP 2005 - 2009

http://www.bea.gov/newsreleases/national/gdp/gdp_glance.htm
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Personal Income & Spending

http://www.bea.gov/newsreleases/national/pi/pi_glance.htm
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Trade Balance in the U.S.

http://www.bea.gov/newsreleases/international/transactions/trans_glance.htm

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Consumer Price Index 1999 - 2009

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KNOW WHO THE FED IS!?!

See my website if you need more info

PPT from week 2 or 3 Principles of Macro U.S. Macroeconomic Sites

Peoples Bank of China

Website is available from mine Know who they are and what they do! These are the most important financial institutions in this class!

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Geographic Distribution of Unemployment, July 2009

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Problem Set 1: Inflation Basics

CPI and GDP deflator Some basic ideas and concepts

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