1. Principles of Macroeconomics ECON 401 Dr. Andrew L. H. Parkes “A Macroeconomic Understanding for use in Business” 卜安吉

2. March 24, 2009Principles of Macroeconomics, Day 12 Syllabus and Our Course The syllabus provides an outline of what we will cover during the term: Chapters 23 through 26, as well as Chapters 28-36 of the textbook. The syllabus provides an outline of what we will cover during the term: Chapters 23 through 26, as well as Chapters 28-36 of the textbook. This week we will talk about Chapters 23 and 24. This week we will talk about Chapters 23 and 24. The required textbook

3. March 24, 2009Principles of Macroeconomics, Day 13 Lectures and Practice Problems Lectures: 2 to 4 hours per week I will introduce the new material to you. Lectures: 2 to 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

4. March 24, 2009Principles of Macroeconomics, Day 14 Grading Mid-term test - 20% Mid-term test - 20% Final Exam - 60% Final Exam - 60% Homework - 10% Homework - 10% Quizzes - 10% Quizzes - 10% Total - 100% Total - 100%

5. March 24, 2009Principles 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. March 24, 2009Principles of 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 $ 9,139,880,193,861.9411/29/2007 $ 9,408,066,260,869.553/13/2008 3/19/2009$ 11,039,686,130,898.10

7. March 24, 2009Principles of 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 What are the VALUES too?!

8. March 24, 2009Principles of Macroeconomics, Day 18 U. S. Real GDP 2005 - 2008 http://www.bea.gov/newsreleases/national/gdp/gdp_glance.htm

9. March 24, 2009Principles of Macroeconomics, Day 19 Disposable PI and Consumption

10. March 24, 2009Principles of 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 Financial Markets or –U.S. Macroeconomic Sites (My Website) 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!

11. March 24, 2009Principles of Macroeconomics, Day 111 Problem Set 1: Graphing Basics Price Ceilings and Price Floors Price Ceilings and Price Floors Some basic ideas and concepts Some basic ideas and concepts