Course : The Foundations of Macroeconomics

Course : The Foundations of Macroeconomics Unit : Issues in Macroeconomics Topic:The Goals of Macroeconomics. Objective(s) Identify the key macroeconomic sectors. Recognize the goals of macroeconomics.

Topic:Macroeconomic Unemployment Challenges Objective(s) Identify the key macroeconomic sectors. Recognize the goals of macroeconomics. Identify how to evaluate unemployment. Recognize how unemployment is measured. Identify the types and effects of unemployment.

Topic:Macroeconomic Inflation Challenges Objective(s) Identify the key macroeconomic sectors. Recognize the goals of macroeconomics. Identify how to evaluate unemployment. Recognize how unemployment is measured. Identify the types and effects of unemployment. Recognize the characteristics of inflation. Recognize how inflation is measured. Identify the effects of inflation. Determine ways in which inflation and unemployment are interrelated.

Topic:Cycles and Instability Objective(s) Identify the key macroeconomic sectors. Recognize the goals of macroeconomics. Identify how to evaluate unemployment. Recognize how unemployment is measured. Identify the types and effects of unemployment. Recognize the characteristics of inflation. Recognize how inflation is measured. Identify the effects of inflation. Determine ways in which inflation and unemployment are interrelated.

Recognize instability in a macroeconomy. Recognize the causes of business cycles of expansion and contraction.

Topic:Government Policies Objective(s) Identify the key macroeconomic sectors. Recognize the goals of macroeconomics. Identify how to evaluate unemployment. Recognize how unemployment is measured. Identify the types and effects of unemployment. Recognize the characteristics of inflation. Recognize how inflation is measured. Identify the effects of inflation. Determine ways in which inflation and unemployment are interrelated. Recognize instability in a macroeconomy. Recognize the causes of business cycles of expansion and contraction. Identify the role of government policy in macroeconomics. Identify some key government policy-making tools.

Recognize two distinct views of economic policy.

Unit : Economic Growth and Performance Topic:Explaining Economic Growth Objective(s) Recognize economic growth. Identify the factors that stimulate economic growth.

Topic:Measuring General Economic Performance Objective(s) Recognize economic growth. Identify the factors that stimulate economic growth. Identify how to measure income and expenditure. Identify the components of Gross Domestic Product (GDP). Differentiate between real and nominal Gross Domestic Product (GDP).

Topic:Using Specific Economic Indicators Objective(s) Recognize economic growth.

Identify the factors that stimulate economic growth. Identify how to measure income and expenditure. Identify the components of Gross Domestic Product (GDP). Differentiate between real and nominal Gross Domestic Product (GDP). Recognize economic indicators and their uses. Identify the main categories of economic indicators. Recognize why indicators are often adjusted.

Topic:U.S. Consumption and Investment Indicators Objective(s) Recognize economic growth. Identify the factors that stimulate economic growth. Identify how to measure income and expenditure. Identify the components of Gross Domestic Product (GDP). Differentiate between real and nominal Gross Domestic Product (GDP). Recognize economic indicators and their uses. Identify the main categories of economic indicators. Recognize why indicators are often adjusted. Recognize features of the Consumer Price Index (CPI). Recognize how to interpret the Consumer Price Index (CPI). Recognize a key investment indicator. Identify how to implement a key investment indicator.

Topic:U.S. Government and Trade Indicators Objective(s) Recognize economic growth. Identify the factors that stimulate economic growth. Identify how to measure income and expenditure. Identify the components of Gross Domestic Product (GDP). Differentiate between real and nominal Gross Domestic Product (GDP). Recognize economic indicators and their uses. Identify the main categories of economic indicators. Recognize why indicators are often adjusted. Recognize features of the Consumer Price Index (CPI). Recognize how to interpret the Consumer Price Index (CPI). Recognize a key investment indicator. Identify how to implement a key investment indicator. Identify key areas of government spending.

Identify the key statistics on government spending. Recognize the impact of imports and exports on the U.S. open economy. Recognize the importance of trade statistics in an open economy.

Unit : Macroeconomic Policy Tools Topic:Policy-Making Objective(s) Identify three major economic schools of thought. Identify how modern economic policy is impacted by historical schools of thought.

Topic:The Federal Reserve and Monetary Policy Objective(s) Identify three major economic schools of thought. Identify how modern economic policy is impacted by historical schools of thought. Recognize why the Federal Reserve determines monetary policy. Recognize how the Federal Reserve implements monetary policy. Identify reasons for the independent nature of the Federal Reserve.

Topic:Policy Solutions Objective(s) Identify three major economic schools of thought. Identify how modern economic policy is impacted by historical schools of thought. Recognize why the Federal Reserve determines monetary policy. Recognize how the Federal Reserve implements monetary policy. Identify reasons for the independent nature of the Federal Reserve. Recognize how influencing spending can impact on economic activity. Recognize how taxation policies can influence economic activity. Recognize how adjusting the money supply affects inflation. Recognize how adjusting the money supply affects unemployment.