Hall, Robert E. and Marc Lieberman, Macroeconomics: Principles and Applications, South-Western College Publishing, Cincinnati, Ohio, 1998.

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 TOPICS                                                                                                       Chapters
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What is economics?                                                                                         1
Economic reasoning                                                                                         2
Supply and demand                                                                                         3
Comparative advantage                                                                                   16
Overview of macroeconomics                                                                          4

                    Midterm exam 1                Wednesday                  February 17

The Real Side – output and employment                                                          5
Money – prices and inflation                                                                            6
The classical point of departure                                                                        7
Growth from Malthus to Solow                                                                        8
Business cycles and depression                                                                        9
Keynes – a short run model                                                                             10

                    Midterm exam 2              Wednesday                   March 31

Money – its supply side                                                                                    11
Money, interest rates, and the real side                                                              12
Aggregate supply and demand                                                                           13
Inflation and monetary policy                                                                             14
Fiscal policy – taxes and spending                                                                      15
Exchange rates and open economies                                                                  17

                   Final exam                        Saturday                     May 15 @ 2:00  p.m.
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