School of Business
ECO/372 Version 4
Principles of Macroeconomics
Copyright © 2012, 2008, 2007, 2006 by University of Phoenix. All rights reserved.
Workshop 1 = January 30, 2014
Workshop 2 = February 6, 2014
Workshop 3 = February 13, 2014
Workshop 4 = February 20, 2014
Workshop 5 = February 27, 2014
Instructor contact information:
Cell phone, 714-337-6092
This course provides students with the basic theories, concepts, terminology, and uses of macroeconomics. Students learn practical applications for macroeconomics in their personal and professional lives through assimilation of fundamental concepts and analysis of actual economic events.
Faculty and students will be held responsible for understanding and adhering to all policies contained within the following two documents:
University policies: You must be logged into the student website to view this document. Instructor policies: This document is posted in the Course Materials forum.
University policies are subject to change. Be sure to read the policies at the beginning of each class. Policies may be slightly different depending on the modality in which you attend class. If you have recently changed modalities, read the policies governing your current class modality.
Colander, D. C. (2010). Macroeconomics (8th ed.). Boston, MA: McGraw-Hill/Irwin.
All electronic materials are available on the student website.
Week One: Fundamentals of Macroeconomics
1.1 Explain the economic interaction of resources among households, government, and business. 1.2 Describe gross domestic product, inflation rate, unemployment rate, and interest rate. 1.3 Identify sources of historical economic data and economic forecasts. 1/30/14
Read Ch. 1 of Macroeconomics.
Read Ch. 2 of Macroeconomics.
Read Ch. 6 of Macroeconomics.
Read Ch. 7 of Macroeconomics.
Read Ch. 8 of Macroeconomics.
Read this week’s Electronic Reserve Readings.
Participate in class discussion.
Week Two: Aggregate Demand and Supply Models
2.1 Analyze the impact of various factors on aggregate demand and supply. 2.2 Evaluate the effectiveness of changes in fiscal policies using Keynesian and Classical models. 2/6/14
Read Ch. 10 of Macroeconomics.
Read Ch. 12 of Macroeconomics.
Participate in class discussion.
Fundamentals of Macroeconomics Paper
Resource: Figure 3-1 in Ch. 3 of Macroeconomics.
Describe the following terms in your word.
Gross domestic product (GDP)
Consider the following examples of economic activities:
Purchasing of groceries
Massive layoff of employees
Decrease in taxes
Describe how each of these activities affects government, households, and businesses. Describe the flow of resources from one entity to another for each activity.
Write a 700- to 1,500-word paper summarizing the results.
Weekly Reflection - Economic Forecasting Paper
Develop a list of resources you might use to gather historical economic data as well as economic forecast data.
Explain how and why each source is valuable and useful.
Identify any quantitative or qualitative forecasting factors contained in the sources. Discuss this week’s objectives with your team. Your discussion should include the topics you feel comfortable with, any topics you struggled with, and how the weekly topics relate to application in your field.
Write a 350- to 1,050-word paper that details your team's findings. 2/6/14
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