1. Macroeconomics Day 1 Dr. Andrew L. H. Parkes “A Macroeconomic Understanding for use in Business” 卜安吉

2. September 7, 2010Principles of Macroeconomics, Day 12 Syllabus and Our Course The syllabus provides an outline of what we will cover during the term: Chapters 23 through 33 & 35 of the textbook. The syllabus provides an outline of what we will cover during the term: Chapters 23 through 33 & 35 of the textbook. This week we will talk about Chapters 23 & 24. This week we will talk about Chapters 23 & 24. The required textbook

3. September 7, 2010Principles of 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 (sometimes just reading). 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. 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

4. September 7, 2010Principles of Macroeconomics, Day 14 Grading Midterm Exam - 20% Midterm Exam - 20% Final Exam - 50% Final Exam - 50% Homework - 20% Homework - 20% Quizzes - 10% Quizzes - 10% Total - 100% Total - 100%

5. September 7, 2010Principles of Macroeconomics, Day 15 Principles of Macroeconomics (Ch. 23) 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, …

6. September 7, 2010Principles of Macroeconomics, Day 16 Principles of Macroeconomics (Ch. 23) A “snapshot” from The Economist online magazine: http://www.economist.com/node/16909167 (China’s 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.) A “snapshot” from The Economist online magazine: http://www.economist.com/node/16909167 (China’s 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.) http://www.economist.com/node/16909167

7. September 7, 2010Principles of Macroeconomics, Day 17 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 $ 9,139,880,193,861.9411/29/2007 3/19/2009 $ 11,039,686,130,898.10 9/06/2010 $ 13,442,057,367,029.28

8. September 7, 2010Principles of Macroeconomics, Day 18 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

9. September 7, 2010Principles of Macroeconomics, Day 19 U. S. Real GDP 2005 - 2009 http://www.bea.gov/newsreleases/national/gdp/gdp_glance.htm

10. September 7, 2010Principles of Macroeconomics, Day 110 Personal Income & Spending http://www.bea.gov/newsreleases/national/pi/pi_glance.htm

11. September 7, 2010Principles of Macroeconomics, Day 111 Trade Balance in the U.S. http://www.bea.gov/newsreleases/international/transactions/trans_glance.htm

12. September 7, 2010Principles of Macroeconomics, Day 112 Consumer Price Index 1999 - 2009

13. September 7, 2010Principles of Macroeconomics, Day 113 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!

14. September 7, 2010Principles of Macroeconomics, Day 114 Geographic Distribution of Unemployment, July 2009

15. September 7, 2010Principles of Macroeconomics, Day 115 Problem Set 1: Graphing Price Floors and Ceilings Price Floors and Ceilings Demand and Supply changes Demand and Supply changes