Intermediate Macroeconomics Dr. Andrew L. H. Parkes “A Macroeconomic Understanding for use in Business” 卜安吉

Intermediate Macroeconomics, Day 12 Syllabus and Our Course The syllabus provides an outline of what we will cover during the term: Chapters 1 through 11, as well as Chapters 13 and 14 of the textbook. The syllabus provides an outline of what we will cover during the term: Chapters 1 through 11, as well as Chapters 13 and 14 of the textbook. This week we will talk about Chapters 1 and 2. This week we will talk about Chapters 1 and 2. The required textbook

Intermediate Macroeconomics, Day 13 Lectures and Practice Problems Lectures: 4 hours per week I will introduce the new material to you. Lectures: 4 hours per week I will introduce the new material to you. Practice Problems: We will do assignments from my slides and from the textbook. 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. You will have to prepare assignments for every class; there is NO class without homework. You will do all of your own work during the course. Copied assignments will be given 0 marks. 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.). Notice you must have access to WSJ, FT (also investopedia.com – Forbes, etc.). Keep up to date with Economics related issues

Intermediate Macroeconomics, Day 14 Grading Mid-term test - 20% Mid-term test - 20% Final Exam - 40% Final Exam - 40% Homework - 20% Homework - 20% Quizzes - 20% Quizzes - 20% Total - 100% Total - 100%

Intermediate Macroeconomics, Day 15 Intermediate Macroeconomics (Ch. 1) Nothing is required to begin this course! Nothing is required to begin this course! Definitions: We know MANY of these already! Definitions: We know MANY of these already! Real GDP, CPI, GDP deflator, Unemployment rate, … Real GDP, CPI, GDP deflator, Unemployment rate, …

Intermediate Macroeconomics, Day 16 SEE MY WEBSITE: andrewparkes.com 1. Often and regularly 2. Kept ahead of class 3. Links and PPT 4. Other information Like this => Like this => Total Public Debt Outstanding $ 9,139,880,193, /29/2007 $ 9,668,194,123, /4/2008

Intermediate Macroeconomics, Day 17 Yuan trades at what rate today? See my website for articles we discuss! See my website for articles we discuss! Three Goals of any MACROECONOMY Three Goals of any MACROECONOMY –Full Employment – Unemployment Rate –Economic Growth – REAL GDP –Price Stability - CPI –KNOW what real GDP and CPI mean –Quiz next class!!! – 5 pts

Intermediate Macroeconomics, Day 18 U. S. Real GDP Forecast 3 rd Qtr. 5% growth 4 th ….6%?

Intermediate Macroeconomics, Day 19 Prices of Gross Domestic Purchases

Intermediate Macroeconomics, Day 110 KNOW WHO THE FED IS!?! See my website if you need more info … See my website if you need more info … –PPT from week 2 or 3 Intro –U.S. Macroeconomic Sites People’s Bank of China People’s 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!

Intermediate Macroeconomics, Day 111 Problem Set 1: CPI and GDP deflator Calculation of Price Indices Calculation of Price Indices –Paasche –Laspeyres