Course Schedule

Week Readings and Videos Topic Assignments Due
Week 1

3/5– 3/1

Click here to read Chapter 1

Video on What is Economics (Scarcity)

Video on What is Economics (Normative, Positive)

Economic Thinking Discussion 1: Introduction & your thoughts about economics

 

Test 1

 

3/16

Week 2

3/17 – 3/23

Click here to read Chapter 2

Video on What is Opportunity Cost

Video on Opportunity Cost and Tradeoffs

Video on Opportunity Cost: The Hidden Cost of Everything

Choice in a World of Scarcity Discussion 2: Opportunity Cost

 

Test 2

 

3/23

Week 3

3/24– 3/30

 

Click here to read Chapter 3

Video on Comparative Advantage

Video on Comparative Advantage 2

Demand & Supply, Comparative Advantage, Absolute Advantage & International Trade Discussion 3: Choosing a country for future discussions

 

Test 3

 

3/30

Week 4

3/31 – 4/6

Click here to read Chapter 6

Video on What is Gross Domestic Product (GDP)

Video on Nominal vs. Real GDP

Video: Measuring & splitting GDP

Macroeconomic Measures – GDP Discussion 4: GDP

 

Test 4

 

4/6

Week 5

4/7 – 4/20

Click her to read Chapter 7 on Economic Growth

Video on Real GDP per capita and the Standard of Living

Video on Measuring & splitting GDP

GDP & Business Cycles Discussion 5: Business Cycles

 

Test 5

 

4/20

Week 6

4/21 – 4/27

Click here to read Chapter 8 on Unemployment

Video on Unemployment Rate

Video on Shortcomings of Unemployment Rate

Video on Frictional Unemployment

Video on Structural Unemployment

Video on Cyclical Unemployment

Module 6: Macroeconomic Measures – Unemployment Discussion 6: Unemployment Rate

 

Test 6

 

4/27

Week 7

4/28 – 5/4

Click here to read Chapter 9 on Inflation

Video on Inflation Explained in One Minute

Deflation Explained in One Minute

Video on Why Deflation is Bad

Macroeconomic Measures – Inflation and Price Indexes Discussion 7: Inflation

 

Test 7

 

5/4

Week 8

5/5 – 5/11

Click here to read Chapter 9 on Inflation

Video on Consumer Price Index

Video on Cost of Inflation (Price Confusion & Money Illusion)

Video on Cost of Inflation (Financial Intermediation Failure)

Video on Causes of Inflation

Video on Why Government Creates Inflation

Video on examples of Hyperinflation

Macroeconomic Measures – Inflation and Price Indexes [Continuation]  

 Test 8

 

5/11

Week 9

5/12 – 5/18

Click here to read Chapter 17 on Government Budget and Fiscal Policy

Video on Great Depression

Video on Keynesians

Video on Austrians

Video on Great Recession

Keynesian and Neoclassical Economics Discussion 8: Keynesian vs. Classical

 

Test 9

 

5/18

Week 10

5/19 – 5/25

Click here to read Chapter 17 on Government Budget and Fiscal Policy

Optional Reading on Chapter 18 on Impacts of Government Borrowing

Video on Fiscal Policy

Video on the Dangers of Fiscal Policy

Fiscal Policy  

Test 10

 

5/25

Week 11

5/22 – 5/28

Click here to read Chapter 14 on Money and Banking

Video on What is Money

Video on What do Banks Do

Video Federal Reserve before the Great Depression

Video on Federal Reserve after the Great Depression

Money and Monetary Policy Discussion 9: Share your thoughts

 

Test 11

 

5/28

Week 12

5/26 – 6/8

Click here to read Chapter 15 on Monetary Policy

Video on Money Multiplier

Video on Monetary Policy and the Federal Reserve

Video on Monetary Policy

Video on Inflation & Deflation: A hidden Tax

Money and Monetary Policy  

Test 12

 

6/8

  Review

Final Examination June 11-14

  Final Exam