ECON 1102 Section 027

This site is intended for students in summer session of Principles of Macroeconomics section 27. Course materials will be posted here in addition to the course site on Moodle. 
Its your responsibility to keep track of any other materials that are posted on moodle, in particular recitation's material.

Administrative Material


Meeting Times:
Lecture: Section 027, Blegen Hall 115 Tu 5:30 - 8:00 PM 

Recitation (TA)
  • Sec 028, BH 115, Tu 8:00 - 8:50 P.M,   TA: Shiv Dixit

Office Hours: Monday 9:00- 11:00 AM in Hanson Hall 3-161
You can contact me by email: [email protected] (I'll try to respond within 24 hours) Include in the subject "ECON1102"

TA Office Hours:  (Shiv):   T: 14:00-16:00 HH 3-137
Course Syllabus: document
Moodle Website: https://ay13.moodle.umn.edu/course/view.php?id=11646
Information about Aplia:  To register in Aplia

Class Material

Week 1 (Tuesday January 21)
We covered:
  • Introduction, Syllabus
  • Topic 1 "Overview of Econ": (i) intro to economics, micro and macro; (ii) how is economics "done"? (iii) Types of economies
Readings:  Ch1 and Ch2 (Mankiw), note topic (iii) is not in the book
Lecture Outline: (same as in moodle)
Assignments
  • Complementary reading of textbook
  • Micro Review: review micro material (see moodle) - not graded but important to know
  • Excel assignment (link) - recitation - make sure you can solve every question. If not contact your TA, this is important for future data assignments (not to be graded)

Week 2 (Tuesday January 28)

We covered:
  • Topic 2: (i) Flow diagrams (ii) Aggregate Demand, (iii) Aggregate Supply, (iv) Equilibrium
  • Note: in recitation you will work on exercises of the same topics
Readings: Ch 2, Ch 20 and Ch 21 (Mankiw)

Slides:
  • Lecture Outline (same as in moodle)              Slides 
  • Selected slides that we used in the class        Slides
  • Additional document: outline and objectives of the material covered this week      document
Assignments: Complementary reading of textbook, no aplia homework this week
Week 3 (Tuesday February 4)
We covered:
  • Topic 3: "Economic Statistics" (i) GDP (and measures of econ. actvity) (ii) Unemployment measures
  • Note: In recitation you will work on flow diagrams and GDP
Readings:  Ch 10 and Ch15 (Mankiw)
Slides:
Assignments
  • Complementary reading of textbook
  • Knowledge Assignment 1: due date Thursday, February 6, 2014, 11:45 PM (see aplia)
Week 4 (Tuesday February 11)
We covered:
  • Topic 4: Economic Growth (measurement, ingredients of growth, PPF, factors that drive growth)
  • Note: in recitation you will work on the same topic
Readings: Ch 2 and Ch12 (Mankiw)
Slides
  • Lecture Outline (same as in moodle):              Slides
  • Slides that we used in class:                            Slides
Assignments
  • Complementary reading of textbook
  • Data Assignment 1: due date Thursday, February 13 2014, 11:45 PM (see aplia)
Week 5 (Tuesday February 18)
We covered:
  • Topic 5: Growth Policies: (i) Policies, (ii) pros & cons of gov. intervention, (iii) sustainability and desirability of growth
  • Topic 6: Business Cycles (half of it)
  • Note: in recitation you will work on practice midterms  
Readings: Ch 6 and Ch 12 (Mankiw) for topic 5, Ch 20 and 23 for topic 6.
Slides
Assignments:
  • Complementary reading of textbook
  • Knowledge Assignment 2: due date Thursday, February 20 2014, 11:45 PM (see aplia)
Announcements:
  • Midterm is Thursday, February 27th at 7:00-8:00 pm in Wiley 125/175, there is a sign-up for the make-up exam (moodle)
Week 6 (Tuesday February 25) Review for Midterm 1 Class
Material to prepare for the midterm:
Note: This material is also available on moodle in "February 18 - February 24" section
Week 7 (Tuesday March 4)
We covered:
  • Finish Topic 6: Business cycles
  • Topic 7: Interest Rate
  • Topic 8: Money (half of it)
  • Note: in recitation you will get your midterms back
Readings: Ch 20, 21 and 23 (Mankiw)
Slides: Lecture outlines (same as in moodle)          topic_6       videocrisis      topic_7      topic_8
Assignments
  • Complementary reading of textbook
  • Data Assignment 2: due date Thursday, March 6 2014, 11:45 PM (see aplia)
Week 8 (Tuesday March 11)
We covered:
  • Savings (from topic 7)
  • Finish Topic 8: Money
  • Topic 9: Fiscal Policy (half of it)
  • Note: in recitation you will cover Loanable Funds Market (the topic of lec7 we will explain today)
Readings: Ch 16,21, 23 (Mankiw)
Slides: Lecture outlines (Same as in moodle)         topic_8      topic_9
Assignments
  • Complementary reading of textbook
  • Knowledge Assignment 3: due date Thursday, March 13, 11:45 PM 
Week 10 (Tuesday March 25)
We covered:
  • 2nd half of topic 9: Fiscal Policy
  • Topic 10: Monetary Policy
  • Begin on topic 11- Inflation: (i) how to measure, (ii) correct for inflation (deflating and real variables)
  • Note: in recitation you will cover both topics
Readings: Ch 16, 21, 23 (Mankiw)
Slides: (not the same as in moodle)
Assignments:
  • Mandatory reading of fiscal and monetary handout  and of the generational issue handout (above)
  • Complementary reading of textbook
  • Data Assignment 3: due date Thursday, March 27, 11:45 
Week 11 (Tuesday April 1st)
We covered
Finish topic 11-  Inflation:  
  • (i) cost of inflation, (ii) correcting for inflation - purchasing power and interest rates 
  • (iii) money and inflation (iv) unemployment and inflation
Note: in recitation you will cover monetary policy

Readings: Ch 11, 16, 17, 22, 23 (Mankiw)
Slides: (lecture outlines)            topic11_part2
Assignments:
  • Complementary reading of textbook
  • Knowledge Assignment 4: due date Thursday, April 3rd, 11:45 pm (aplia) 
Week 12 (Tuesday April 8)          Review for 2nd midterm class
Materials:
  • Practice midterms and answer keys             link
Week 13 (Tuesday April 15)
We covered:
  • Topic 12: Motivation for Trade
  • Topic 13: Small Country Trade Model
Readings:  Ch3 and Ch9 (Mankiw)
Slides:  (lecture outlines, same as in moodle)          topic_12     topic_13
Assignments:
  • Complementary reading of textbook
  • Data Assignment 4: due data Thursday. April 18, 11:45pm (aplia)
Week 14 (Tuesday April 22)
We covered:
  • Topic 14: Large Country Trade Model                                                                                                             
  • 1st part of topic 15 "Exchange Rates": (i) nominal and real exch. rates (ii) purchasing power parity                
Note in recitation you will cover trade equilibrium and barriers
Readings: Ch 18 and 19 (Mankiw), (topic 14 is not in the book)
Slides (lecture outlines same as in moodle)        topic_14           topic_15
Assignments:
  • Complementary reading of textbook
  • Knowledge Assignment 5: Due Thursday 24, 11:45 pm (aplia)
Week 15 (Tuesday April 29)
We will cover:
  • 2nd part of topic 15 "Exchange Rates": (iii) Net capital outflow, (iv) Capital flows, savings and investments                
  • Topic 16: Exchange Rates and Policy                                                                                       
Note in recitation you will cover: large open economy and exchange rates    
Readings: Ch 18 and 19 (Mankiw)
Slides (lecture outlines same as in moodle):     topic_15           topic_16
Assignments:
  • Complementary reading of textbook
  • Data Assignment 5: due thursday May1st, 11:45pm Aplia
Week 15 (Tuesday May 6)
We will cover:
  • Review for Final Exam

Note in recitation you will cover Practice Final.
Materials Final Exam: