Exam Topics for Macroeconomics

Modified on June 27, 2001

This page has two tables:

Table 1
 
Exam 
Days topic will be covered
Topics
Exam 1
June 26-28, 2001
6.1.1.
6.1.2.
6.1.3.
6.2.2.

6.3.3.
Exam 1
 June 26-28, 2001
7.1.1.
7.1.2
7.1.3
7.1.4
Exam 1
June 26-28, 2001
7.2.1.
7.2.2.
7.2.3.
Exam 1
July 3-5, 2001
9.1.1
9.1.2.
9.2.1
9.2.2.

9.3.

9.4.1.

9.4.2.
Exam 1
July 3-5, 2001
9.5.1.
9.5.2.
9.5.3.
9.5.4

9.5.5

 
 
Exam 1
 
July 10, 2001
 
8.3.1.
8.3.2.
8.3.3

8.3.4.

8.3.5.

8.3.6.

8.2.2.
8.2.3
EXAM 1 July 12, 2001 EXAM 1.  Covers all topics discussed in class.  Make sure you go over all the group assignments we have solved in class
Exam 2
July 17-19, 2001
10.2.1
10.2.2

8.2.1.
Exam 2
July 17-19, 2001
11.3.1

11.4.1

11.4.3
11.4.4.
11.1.1

11.1.3

11.1.4
Exam 2
July 17-19, 2001
11.2.1
11.2.3
11.2.4.
11.5.1.

11.5.2

11.5.3.
Exam 2
 July 24-26
12.1.1
12.1.2.
Exam 2
July 24-26, 2001
12.2.1
12.2.3.
12.3.1.
12.3.2.

12.3.3.

12.4.1.

12.4.2
Exam 2
 July 24-26, 2001
13.1.1.
13.1.2.
13.1.3.
13.1.4.

13.1.5.

13.2.1.

13.2.2
Exam 2
July 31, 2001
13.3.1
13.3.2
13.4.3
Exam 2
August 2, 2001
  1. TOPICS FROM EXAM 1 
  2. TOPICS FROM EXAM 2  
  3. NOTES 
  4. GROUP ASSIGNMENTS 
  5. CLASS DISCUSSIONS. 
  6. Humble yourself and do your best. 

 
 

 

TABLE 2: Contents for Custom Syllabus, Macroeconomics, Summer 2001
Florida Gulf Coast University - Javier Stanziola, Ph.D.

 
Textbook Thinkwell   Subheadings and Exam Topics Lesson Titles
Tregarthen's 1. - The Basics of Economics  Review  
Chapter 1   1.1. - The Basics of Economics  
      Defining Economics
      What Economists Do
      Macroeconomics and Microeconomics
      Overview of Economic Systems
Appendix 1 2. - Graphs in Economics  Review  
    2.1. - Graphs in Economics  
      Using Graphs to Understand Direct Relationships
      Plotting a Linear Relationship Between Two Variables
      Changing the Intercept of a Linear Function 
      Understanding the Slope of a Linear Function
Chapter 3 3. - Demand  Review  
    3.1. - Demand  
      Determining the Components of Demand
      Understanding the Basics of a Demand Curve
      Analyzing Shifts in the Demand Curve
      Understanding Changes in Other Demand Variables
      Deriving a Market Demand Curve
Chapter 3 4. - Supply  Review  
    4.1. - Supply  
      Determining the Components of Supply
      Deriving a Supply Curve
      Understanding a Change in Supply vs. a Change in Quantity Supplied
      Analyzing Changes in Other Supply Variables 
      Deriving a Market Supply Curve
Chapter 4 5. - Competitive Equilibrium  Review  
    5.1. - Competitive Equilibrium  
      Determining a Competitive Equilibrium
      Defining Comparative Statics
      Classifying Comparative Statics
Chapters 23 and 33 6. - Productivity and Growth  Exam 1  
    6.1. - The Elements of Productivity and Growth  
      6.1.1.The Rule of 70, Compounding, and Growth
      6.1.2. The Production Function and Growth
      6.1.3. Definition of Productivity and Factors Affecting It
    6.2. - Policy and Growth  
      6.2.1. Investment
      6.2.2. Other Policies to Encourage Growth
      6.2.3. Hot Topic: Women's Roles in Rural Economic Growth
      6.2.4. Case Study: Post WWII Japan
    6.3. - Emerging Economies  
      6.3.1. Growth in Emerging Economies
      6.3.2.Policies to Promote Growth
      6.3.3. Hot Topic: The Myth of Exploding Populations
      6.3.4. Case Study: Growing Pains in Indonesia
Chapters 20 and 21 7. - Macroeconomic Measurements  Exam 1  
    7.1. - Aggregate Output and Income  
      7.1.1. Production Possibilities Frontier: Macroeconomic Application
      7.1.2. The Circular Flow Model
      7.1.3. Real GDP
      7.1.4. Limitations of GDP and Alternative Indexes
    7.2. - Approaches to Calculating GDP  
      7.2.1. Expenditures Approach
      7.2.2. Income Approach
      7.2.3. Hot Topic: The Impact of E-commerce on the Economy
    7.3. - Cost of Living  
      7.3.1. Changes in the Cost of Living and the CPI
      7.3.2. Case Study: The Index of Leading Economic Indicators
      7.3.3. Calculating the Rate of Inflation
Chapters 20, 21, and 30 8. - Open Economies  Exam 1  
    8.1. - Microeconomics Background  
      8.1.1. Determining the Difference Between a Closed Economy and an Open Economy
      8.1.2. Understanding Exports in an Open Economy 
      8.1.3. Analyzing a Change in Equilibrium in an Open Economy
      8.1.4. Analyzing International Trade Using Comparative Advantage
    8.2. - Exports, Imports, and Accounting  
      8.2.1. International Flow of Goods and Services
      8.2.2. Balance of Payments
      8.2.3. Trade Balances
    8.3. - Exchange Rates  
      8.3.1. Nominal Exchange Rates
      8.3.2. Real Exchange Rates
      8.3.3. Purchasing Power Parity
      8.3.4. Determination of Exchange Rates
      8.3.5. Floating and Fixed Systems
      8.3.6. The Managed Float
    8.4. - Government Policies  
      8.4.1 Government Budget Deficits and Trade
      8.4.2. Trade Policy
      8.4.3. Hot Topic: Winners and Losers in NAFTA
      8.4.4.Political Instability and Trade
      8.4.5. Hot Topic: Is the World Trade Organization a "Conspiracy"?
Chapters 20, 21 and 31 9. - Economic Fluctuations  Exam 2: Previous Material PLUS these chapters  
    9.1. - The Business Cycle  
      9.1.1. Recessions, Depressions, and Booms
      9.1.2. Theoretical Explanations for Cycles
    9.2. - Measuring Unemployment  
      9.2.1. Measuring the Labor Force and Unemployment
      9.2.2. Differences in Unemployment
    9.3. - The Natural Rate of Unemployment   
      Understanding the Natural Rate of Unemployment
    9.4. - Causes of Unemployment  
      9.4.1. Minimum Wage Laws
      9.4.2. Analysis of Labor Unions and Unemployment
      9.4.3. Case Study:" La Causa": The United Farm Workers
      9.4.4. Theory of Efficiency Wages
      9.4.5. Unemployment Insurance
    9.5. - Inflation  
      9.5.1. Inflation, Deflation, Stagflation, and Hyperinflation
      9.5.2. Inflation and Purchasing Power
      9.5.3. Short-Run Causes: Demand-Pull and Cost-Push
      9.5.4. The Costs of Inflation
      9.5.5. Case Study: Behavior During Hyperinflations
Chapter 22 10. - Keynesian Economics   Exam 2: Previous Material PLUS these chapters  
    10.1. - Historical Background  
      10.1.1. Say's Law and Keynes: An Overview
      10.1.2. Case Study: John Maynard Keynes
    10.2. - The Multipliers  
      10.2.1. Deriving the Multipliers
      10.2.2. Case Study: The Paradox of Thrift
Chapters 24 and 25 11. - Money and Banking    
    11.1. - Money in the Economy  
      11.1.1. The Money Supply
      11.1.2. Case Study: The Cashless Society
      11.1.3. Determinants of Money Demand
      11.1.4 The Money Market
    11.2. - Financial Markets  
      11.2.1. Financial Markets and Intermediaries
      11.2.2. Hot Topic: Should the U.S. Government Bail Out Failing Financial Instititutions?
      11.2.3. Stocks and Bonds
      11.2.4. The Price of Bonds and the Interest Rate
    11.3. - The Fed  
      11.3.1. The Federal Reserve System
      11.3.2. Hot Topic: Are Reserve Requirements Necessary?
      11.3.3. The Fed's Tools of Monetary Policy
    11.4. - The Creation of Money  
      11.4.1. How Goldsmiths Created Money
      11.4.2. Case Study: Cigarettes as Money 
      11.4.3. How Banks Create Money
      11.4.4. How the Fed Changes the Money Supply
    11.5. - Saving and Investment  
      11.5.1. Investment Demand
      11.5.2. The Market for Loanable Funds and Government Policy
      11.5.3. Equilibrium in the Money Market
Chapter 22 12. - Aggregate Demand and Supply   Exam 2: Previous Material PLUS these chapters  
    12.1. - Aggregate Demand  
      12.1.1. Deriving the Aggregate Demand Curve
      12.1.2. Movement Along the Aggregate Demand Curve
      12.1.3. Shifts in Aggregate Demand
    12.2. - Aggregate Supply  
      12.2.1 The Short-Run Aggregate Supply Curve
      12.2.2. The Labor Market
      12.2.3. The Long Run Aggregate Supply Curve
    12.3. - Differences in the Long Run and the Short Run  
      12.3.1. Equilibrium in the Long Run and the Short Run
      12.3.2. Expectations in the Long Run and the Short Run
      12.3.3. Long-Run Macroeconomic Equilibrium 
      12.3.4 Case Study: The U.S. National Debt 
    12.4. - Recessions and Booms  
      12.4.1 Unanticipated Changes in Aggregate Demand
      12.4.2 Unanticipated Changes in Aggregate Supply
Chapters 26 and 27 13. - Fiscal and Monetary Policy   Exam 3: Previous Material PLUS these topics  
    13.1. - Fiscal Policy : The Mainstream  
      13.1.1. Fiscal Policy Using the AD/AS Model
      13.1.2 The Market for Loanable Funds and Crowding Out
      13.1.3. Timing problems and the AD/AS model
      13.1.4. Automatic Stabilizers
      13.1.5. Hot Topic: The Political Business Cycle
    13.2. - Fiscal Policy: Alternative Approaches  
      13.2.1. New Keynesian and New Classical Approaches to Fiscal Policy
      13.2.2. Supply-Side Policy
    13.3. - Monetary Policy: The Mainstream  
      13.3.1 Monetary Policy Using the AD/AS Model
      13.3.2. Monetary Responses to Changes in the Economy
      13.3.3. Monetary Policy: Accommodation
      13.3.4. Hot Topic: Should Monetary Policy Be Made by Rule or Discretion?
    13.4. - Monetary Policy: Alternative Approaches  
      13.4.1 New Keynesians vs. Monetarists
      13.4.2. New Classical Macroeconomics
      13.4.3 Case Study: Policy in the Great Depression