Mac Econ (Weekly Semester Plan)

 

Week Topic
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

All quiz and assignment of Chap 1 & 2
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

 All quiz and Assignment of Chap 3
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

 All quiz and Assignment of Chap 4
              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

 All quiz and assignment of Chap 5
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

 All quiz and assignment of Chap 6
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

 All quiz and assignment of Chap 7
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

 All quiz and assignment of Chap 8 & 9
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

 All assignment of Chap 10
11 Chapter 11 – The Federal Reserve System

·        Monetary Policy

·        Federal Reserve System Function

·        Federal Reserve System

·        Federal Reserve Banks

·        Banking

 All quiz of Chap 10 & 11 and assignment of Chap 11
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

 All quiz and assignment Chap 12
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

 All quiz and Assignment of Chap 13
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

All quiz and assignment of Chap 14
16  Chapter 15 – Economic Growth

·        Economic growth

·        Productivity Growth and Decline

·        Sources of Growth

·        Savings Rate

·        Law of diminishing return

·        Malthus

Economic growth Desirability

 All quiz and assignment of Cha 15
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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