Welcome to the homepage for ECON200, Introductory Macroeconomics. Below you will find links to all class lectures, as well as some relevant videos and information I’ve created or pulled together from the internet. If you have anything you think would be worth adding, please let me know. You can find me in my office on: Tuesday and Thursday during two time slots, 9am-11am on Tuesday and 9am-12pm on Thursday. Office hours are occasionally rescheduled due to conflicts. Please try to make an appointment before coming by.

### Syllabus

Note on textbooks: This semester we are using two main textbooks. First, we are using a customized online textbook by Taylor and Weerapana available through FlatWorld for $29.95. At the FlatWorld site, you can enter codes you purchase from the bookstore, as well as choose if you want additional versions of the textbook (downloads or paper). We are also using the CORE Team Econ textbook. This is free, but you have to register. There is also a paper version of this book available for$54.95. Links to relevant sections are provided throughout. While it might be confusing, I am doing this in an effort to minimize costs to you.

• When is my midterm/Canvas Quiz/FlatWorld assignment due?
• Look at the Canvas calendar. All dates are posted there.
• When is my final exam?
• Search Google for "JMU Final Exam Schedule," or if you have trouble with that website, just click here or here for a schedule.
• Where is the final exam?
• In our regular classroom.
• Where do I find PowerPoint slides?
• Here. They are also on Canvas in the "Files-PowerPoint" folder.
• When are office hours?
• Look in the syllabus, or move your gaze up a couple of inches.
Tutoring:
• Tutors are privately hired and will often be happy to work with groups of students.
• Hire tutors early in the semester! Tutors are other JMU students who often get busy with their own work!
• A list of available tutors can be found at the bottom of this page
• Madison Economics Club will provide *FREE* tutoring for ECON 200 & ECON 201 in location and time TBD.

## Lectures

Material for each Canvas Quiz is listed in order below. Required and suggested readings are listed below.

## Lecture 0

### Math Review: (PPT) - Video Lecture stream in Canvas using your JMU login

Lecture 0 includes some algebra, a little geometry, and some useful equations you will need to know and understand to succeed in this course. I have put together a post that describes the math you need to succeed here, as well as numerous ways to practice.

I will not go over this in class unless you have any questions.

## Lecture 1

### The Central Idea: (PPT)

• Link for podcast to Planet Money’s “Making Christmas More Joyful, and More Efficient” discusses gift giving and how trade can create value out of nothing.
• Freakonomics’ Stephen Dubner’s podcast on gift giving. Steven Levitt gives a not so dour look at gift-giving, and Justin Wolfers comments.
• Planet Money’s “Cappuccino Reconsidered” (download) discusses trade and the market economy at around the 6:00 mark. Tim Harford makes the point that economists have failed to understand the role of complexity in the market economy.
• Thomas Thwaites’ project on making a toaster from scratch became a TED talk that shows just how interdependent we all are when thinking about manufacturing something as simple as a toaster. (Link to TED talk)

## Lecture 2

### Macroeconomics-The Big Picture: (PPT)

• TW Chapter 3
• CORE Unit 1 with particular focus on:
• CORE Unit 13.8 (up to GDP deflator)
• CORE Unit 5.12
• CORE Units 9.0 & 9.2

## Lecture 4

### Firms, Financing & Corporate Governance: (PPT)

• TW Chapter 5 (but SKIP 5.2)
• TW Chapter 1.6 (present discounted value)
• CORE 6.0-6.4 & 6.10

• TW Chapter 6
• CORE 13.8

## Lecture 6

### CPI Inflation & Real Wages: (PPT)

• TW Chapter 6.3
• TW Chapter 7.1
• CORE 13.8

## Lecture 8

### Market Failure, the Role of Government, & a Digression on International Trade: (PPT)

• TW Chapter 8.5 (Interference with Market Prices)
• TW Chapter 9 (Public Goods, Externalities and the Role of Government)
• TW Chapter 19.0-19.1 & 19.4-19.6 (International Trade)
• CORE 12

## Lecture 9

### Capital & Labor Markets: (PPT)

• TW Chapters 5.1 and 5.2
• TW Chapter 7
• Code.org on the lack of coders in the U.S. (1min, 5min, 9min)

## Lecture 10

### Potential GDP & Economic Growth: (PPT)

• TW Chapters 11 & 12

## Lecture 12

### Economic Fluctuations & Economic Fluctuations Model: (PPT)

• TW Chapters 14 & 15

### HELP on Economic Fluctuations Model

#### CANVAS QUIZ 12 ON THE ECONOMIC FLUCTUATIONS MODEL

Questions on the Lecture 12 slides? Use VoiceThread to post questions or comments, and I can reply: