Practice Exams

Week 1: Introduction to Macroeconomics

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

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

Week 3: Market for Currencies

Resources

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

Exercises

Week 4: Measuring the Macroeconomy

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

Week 7: Investment and Saving

Reading

Exercises

Week 8: Growth and Development

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

Reading

Exercises

Week 11: Aggregate Supply and Aggregate Demand

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 12: Monetary Policy

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

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Student Hours Satisfaction Guaranteed!

I guarantee that coming to student hours to ask questions will increase your grade in the class. If you come and still get questions wrong on the exam about the topic we discussed, I will refund those points! This guarantee is subject to the following conditions:

  1. Refund points are good for up to two topics on each exam, and up to a total of 10 percentage points per exam.
  2. You and I must agree in writing using the following online form: https://murraylax.org/studentguarantee/
    It takes just a minute to fill out the form. On this form, we document very specifically what we discussed and we both agree that I have explained the topic sufficiently and that you have acquired a good understanding from our discussion.
  3. You must fill out the above form on the same day of your appointment.
  4. You must have attended class when the topic was initially taught or had an excused absence and completed any online work that served as a substitute, including watching any instructional videos.
  5. Only three guarantee forms may be filed before each exam.
  6. Only one guarantee form may be filed on a single day. Therefore, filing two or three guarantee forms before an exam will require at least two or three separate office hours visits, respectively.
  7. After the exam, if you get questions wrong that were guaranteed, it is your responsibility to recognize this and present your copy of the guarantee form to notify me you should get the points refunded.