Mac Econ (Weekly Review Plan)

WEEK TOPIC SUMMARY QUESTIONS
1 Introduction Of Teaching Methods And Performance’s Expectations, Rules Of Discipline And Training Philosophy
2 Chapter 1 – Economic Science

·        Introduction, Nature Of Economics

·        Methodology, Models, Ceteris Paribus

·        Descriptive Economics. Normative Economics

·        Economic Goals, Fallacy Of Competition, Post-Hoc Fallacy

·        Macroeconomics, Microeconomics, Graphs

·        Direct Relationship, Inverse Relationship

Chapter 2 – Economic Problem

·        Introduction, Unlimited Wants, Necessities

·        Scarce Resources, Labor, Land, Capital, Entrepreneurial Talents

·        Production Possibilities Curve, Law Of Increasing Costs, Efficiency, Economic Growth

Refer to the Student’s Handbooks of Macroeconomics provided by the lecturer and to the weekly quiz and assignments you need to prepare on a weekly bases and submit to during office hours in printing
3 Chapter 3 – Demand And Supply

·        Introduction, Market, Demand, Law Of Demand, Law Of Demand Resources

·        Income Effect, Substitution Effect, Demand Graph

·        Market Demand, Demand Determinants

·        Inferior Goods, Price Of Related Goods, Complementary Goods, Substitute Goods

·        Quantity Demanded, Supply, Law Of Supply, Law Of Supply Reasons

·        Supply Graph, Supply Determinants

·        Quantity Supplied, Equilibrium

·        Shortage, Surplus, Indifference Curve

·        Marginal Rate Of Distribution, Budget Line

·        Point Of Urgency, Derivation Of Demand

Refer to the Student’s Handbooks of Macroeconomics provided by the lecturer and to the weekly quiz and assignments you need to prepare on a weekly bases and submit to during office hours in printing
4 Chapter 4 – Mixed Capitalism

·        Mixed Capitalism, Legal Framework, Antitrust Legislation

·        Income Redistribution, Spill Over Costs And Benefits, Public Goods, Stabilization

·        Capitalism, Premises Of Capitalism, Competition, Market Economy, Division Of Labor, Circular Flows, Invisible Hand

·        Private Sector, Functional Distribution Of Income, Personal Distribution Of Income, Income Disposition, Business Organization

·        Sole Proprietorship, Partnership, Corporations, Public Sector, Government Expenditures, Government Revenues

·        Tax Avoidance, Benefit Received, Ability To Pay, Progressive Tax, Tax Incidence

Refer to the Student’s Handbooks of Macroeconomics provided by the lecturer and to the weekly quiz and assignments you need to prepare on a weekly bases and submit to during office hours in printing
            5 Chapter 5 – National Income Accounting

·        Introduction, National Income Accounting

·        Gross National Product, Gross Domestic Product, Intermediate Goals

·        Value Added, Expenditure Approach, Personal Consumption Expenditure, Gross Private Domestic Investment, Capital , Consumption Allowance, Net Investment

·        Government Purchases, Net Exports, Income Approach, Net National Product

·        National Income, Indirect Business Taxes

·        Personal Income, Transfer Payments

·        Disposable Income, Real GDP, Price Index

Refer to the Student’s Handbooks of Macroeconomics provided by the lecturer and to the weekly quiz and assignments you need to prepare on a weekly bases and submit to during office hours in printing
6 Chapter 6 – Business Cycle

·        Introduction, Business Cycle, Recession

·        Postponable Durable, Unemployment

·        Frictional Unemployment, Structural Unemployment, Cyclical Unemployment, Rate Of Unemployment

·        Discouraged Workers, Natural Rate Of Unemployment, Costs Of Unemployment

·        Inflation, Deflation, Demand-Pull Inflation, Cost-Push Inflation, Measuring Inflation, Inflation Redistribution Effect, Real Income, Anticipated Inflation, Inflation, Output Effect, Hyperinflation

Refer to the Student’s Handbooks of Macroeconomics provided by the lecturer and to the weekly quiz and assignments you need to prepare on a weekly bases and submit to during office hours in printing
7 Chapter 7 – Classical Keynesian Controversy

·        Classical Theory, Say’s Law, Classical Money Market

·        Price And Wage Flexibility, Involuntary Unemployment, Classical Keynesian Controversy

·        Keynesian Saving-Oriented Plans, Keynesian Price-Wage Rigidity, Aggregate Demand, Real Balance Effect

·        Aggregate Supply, Classical Range

·        Keynesian Range, Intermediate Range, Aggregate Demand Policies, Supply Side Policies

Refer to the Student’s Handbooks of Macroeconomics provided by the lecturer and to the weekly quiz and assignments you need to prepare on a weekly bases and submit to during office hours in printing
8 Week 8 Mid Term Written Test Quiz 20% (Covering academic program covered from Week 1 to 7)
9 Chapter 8 – Keynesian Employment Theory

·        Keynesian Employment Theory, Aggregate Expenditures, Aggregate Expenditure Components

·        Consumption, Consumption Determinants, Consumption Stability

·        Average Propensity To Consume, Saving, Average Propensity To Save, Investment Determinants, Investment Stability, Aggregate Output

·        Keynesian Equilibrium, Leakage, Injection, Leakage-Injection Equilibrium, Multiplier Effect, Multipliers, Complex Multiplier, Paradox Or Thrift, Recession Gap, Inflationary Gap

Chapter 9 – Fiscal Policy

·        Fiscal Policy, Government Spending Increase, Balanced Budget Multiplier

·        Keynesian Fiscal Policy, Fiscal Policy Effectiveness, Crowding Out Effect, Fiscal Policy Lags, Non-Discretionary Fiscal Policy

·        Automatic Stabilizer, Full-Employment Budget, Fiscal Drag, Budget Deficit, Budget Philosophy, Public Debt, Fiscal Policy And Politics, Net Export Effect, Index Of Leading Indicators

Refer to the Student’s Handbooks of Macroeconomics provided by the lecturer and to the weekly quiz and assignments you need to prepare on a weekly bases and submit to during office hours in printing
10 Chapter 10 – Money

·        Money, Functions Of Money, Demand Of Money, Money Supply

·        Currency, M1, Token Money, Checkable Deposits, M2, M3

·        Near Money, Backing Of Money

Refer to the Student’s Handbooks of Macroeconomics provided by the lecturer and to the weekly quiz and assignments you need to prepare on a weekly bases and submit to during office hours in printing
11 Chapter 11 – The Federal Reserve System

·        Monetary Policy

·        Federal Reserve System Function

·        Federal Reserve System

·        Federal Reserve Banks

·        Banking

Refer to the Student’s Handbooks of Macroeconomics provided by the lecturer and to the weekly quiz and assignments you need to prepare on a weekly bases and submit to during office hours in printing
12 Chapter 12 – Monetary Policy

·        Monetary Creation, Monetary Policy, Banks

·        Check Cashing, Money Creation

·        Money Cancellation, Required Reserves

·        Required Reserve Ratio, Monetary Multiplier

·        Government Securities, Monetary Policy Tools

·        Open Market Operations, Discount Rate

·        Tight Money Policy, Easy Money Policy

·        Minor Monetary Policy Tools

Refer to the Student’s Handbooks of Macroeconomics provided by the lecturer and to the weekly quiz and assignments you need to prepare on a weekly bases and submit to during office hours in printing
13  Chapter 13 – Monetary Policy Controversy

·        Keynesian View Of Monetary Policy, Monetary Policy Shortcomings, Monetary Policy Asymmetry, Monetary Policy Dilemma

·        Monetary View Of Monetary Policy, Quantity Of Money Equation, Velocity, Monetarist Critique, Monetarist Recommendation, Velocity Instability

Refer to the Student’s Handbooks of Macroeconomics provided by the lecturer and to the weekly quiz and assignments you need to prepare on a weekly bases and submit to during office hours in printing
14 Week 14 Pre Final Exam Written Test 20% (Covering academic program covered from Week 8 to 12)

 

15  Chapter 14 – Unemployment Versus Inflation

·        Introduction, Phillips Curve, Phillips Curve Shift

·        Stagflation, Inflation Expectation, Acceleration Hypothesis, Rational Expectations, Labor Cost Productivity

·        Market Policies, Income Policies, Supply Side Economics, Laffer Curve

Refer to the Student’s Handbooks of Macroeconomics provided by the lecturer and to the weekly quiz and assignments you need to prepare on a weekly bases and submit to during office hours in printing
16  Chapter 15 – Economic Growth

·        Economic Growth, Productivity Growth And Decline, Sources Of Growth, Savings Rate

·        Law Of Diminishing Return, Malthus

Economic Growth Desirability

Refer to the Student’s Handbooks of Macroeconomics provided by the lecturer and to the weekly quiz and assignments you need to prepare on a weekly bases and submit to during office hours in printing
Week 16 Homework and research 10% (Homework 5% + Research 5%)

 

          17 Week 17 Pre Final Exam Written Test 20% (Covering academic program covering from Week 13 to 16)

 

18 END OF SEMESTER
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