Practice Problems

Practice Final Exam
Practice Exam 3
Practice Exam 2
Practice Exam 1

Week 1: Introduction to Macroeconomics

Instructional Videos

  1. Production Possibilities Frontier
  2. Production Possibilities and Opportunity Costs
  3. Shifts in Production Possibilities Frontiers

Resources

  1. Overview of what is economics, macroeconomics: Krugman and Wells Module 1
  2. Production possibilities frontier: Krugman and Wells Module 2
  3. Wall Street Journal, "Makeshift Cuisinart Makes a Lot Possible in Impoverished Mali." Posted on Canvas
  4. Class Slides

Exercises

Week 2: Supply and Demand

Instructional Videos

  1. Introduction to Supply and Demand Curves
  2. Shifts in Demand Curves
  3. Shifts in Supply Curves
  4. Example of Food and Ethanol Markets
  5. Price Below Equilibrium
  6. Price Above Equilibrium

Resources

  1. Demand: Krugman and Wells Module 5
  2. Supply: Krugman and Wells Module 6
  3. Equilibrium: Krugman and Wells Module 7
  4. Class Slides

Exercises

  • Canvas Multiple Choice Quiz
    due Wednesday 11:59 PM
  • Supply and Demand
    due Friday 11:59 PM

Week 3: Market for Currencies

Instructional Videos

  1. Supply and Demand for Currency
  2. Shifts in Demand for Currencies
  3. Impact of Interest Rates
  4. Market for Currencies - Demand for Automobiles

Resources

  • Supply and Demand for Currencies: Krugman and Wells Module 47
  • Class Slides

Exercises

Week 4: Measuring the Macroeconomy

Instructional Videos

  1. Calculating Nominal and Real GDP
  2. Calculating Inflation using the GDP Deflator
  3. Calculating Inflation using the CPI
  4. Calculating Real Wages
  5. Measuring Unemployment

Reading

  • Measuring production: Krugman and Wells Modules 14, 15
  • Measuring unemployment: Krugman and Wells Modules 16, 17
  • Measuring prices using CPI: Krugman and Wells Module 18
  • Class Slides

Exercises

Week 6: Market for Labor

Instructional Videos

  1. Labor Market Equilibrium
  2. Impact of an Improvement in Technology
  3. Change in Demand for Final Products and Services
  4. Change in Capital Stock
  5. Unemployment with Sticky Wages
  6. Labor Market Equilibrium with an Increase in Labor Supply

Reading

Exercises

  • Canvas Multiple Choice Quiz
    due Wednesday 11:59 PM
  • Market for Labor
    due Friday 11:59 PM

Week 7: Investment and Saving

Instructional Videos

  1. Savings Equals Investment
  2. Loanable Funds Equilibrium
  3. Shifts in Investment Demand
  4. Shifts in Saving Supply
  5. More Shifts in Saving Supply

Reading

Exercises

Week 8: Growth and Development

Instructional Videos

  1. Productivity Curve
  2. Shifts in the Productivity Curve
  3. Productivity Curve and Government Savings
  4. Productivity Curve and Private Savings
  5. Productivity Curve and Rest of World Saving
  6. Productivity Curve and Investment Demand
  7. Productivity Curve and Improvement in Technology

Reading

  • Differences in international growth rates: Krugman and Wells Module 20
  • Productivity curve model: Krugman and Wells Module 21
  • Government policies that can promote economic growth: Krugman and Wells Module 22
  • Class Slides

Exercises

Week 10: Expenditure Multiplier

Instructional Videos

  1. Deriving the Multiplier
  2. Example - Boost in Consumer Spending
  3. Example - Drop in Investment Spending
  4. Example - Currency Depreciation
  5. Targeted Government Policy
  6. Changes in the Multiplier

Reading

Exercises

Week 11: Aggregate Supply and Aggregate Demand

Instructional Videos

  1. Introduction
  2. Example - Boost in Consumer Spending
  3. Example - Currency Depreciation
  4. Example - Drop in Investment Spending
  5. Supply Shock
  6. Government Responses to a Recession

Reading

  • Aggregate Demand: Krugman and Wells Module 30
  • Aggregate Supply: Krugman and Wells Module 31
  • Changes in Real GDP and Price Level in Equilibrium: Krugman and Wells Module 32
  • Class Slides

Exercises

Week 13: Monetary Policy

Instructional Videos

  1. Money Demand
  2. Money Supply and Equilibrium
  3. Shifts in Money Demand
  4. Monetary Policy in a Recessionary Gap
  5. Monetary Policy in an Inflationary Gap

Reading

  • Supply and demand for money: Krugman and Wells Module 40
  • Aggregate Supply: Krugman and Wells Module 31
  • Monetary policy and Aggregate Supply / Aggregate Demand: Krugman and Wells Module 41
  • Class Slides

Exercises

Instructor

James Murray, Ph.D.

  2106 Wittich Hall
  608-785-6828
    608-406-4068
  jmurray@uwlax.edu

Student Hours Appointments

Student hours appointments are available with as little as a 30-minute notice, and are generally available at the following times:

  • 8:30 AM - 10:30 AM Mon/Wed/Fri
  • 1:30 PM - 2:30 PM Mon/Wed/Fri
  • 2:30 PM - 4:30 PM Tue/Thurs
  Make office hours appointment

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