Gwartney and Stroup, pp.231-239
Dec.4: QWiz Plus unit VI due
| VI. Multiple equations | |
| Dates: | Nov.15-Dec.4 |
| Readings: | Pindyck and Rubinfeld,
selections from Chapter 9 Gwartney and Stroup, pp.231-239 |
| Deadlines: | Dec.1: Problem Set 6 due Dec.4: QWiz Plus unit VI due |
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| VIA. Microeconomics: supply and demand | |
| Readings: | Pindyck and Rubinfeld, Chapter 9 |
| Day 34: | VIA1. A free market equilibrium |
| Readings: | Pindyck and Rubinfeld, Chapter 9, pp.289-294, 296-301 |
| Handouts: | Supply and demand: a free market equilibrium |
| Day 35: | VIA2. Per unit taxes and subsidies |
| Readings: | Pindyck and Rubinfeld, Chapter 9, pp.318-325 |
| Handouts: | Per unit taxes Per unit subsidies Tax and subsidy geometry |
| Day 36: | Workshop: per unit taxes and subsidies |
| Handouts: | Supply and demand: tax and subsidy sample questions |
| VIB. Macroeconomics: the Keynesian cross | |
| Readings: | Gwartney and Stroup, pp.231-239 |
| Day 37: | VIB1. The economy's spending sectors |
| Day 38: | VIB2. The economy's spending multiplier (m) |
| Handouts: | The Multiplier Effect of Spending Changes: Record Sheet |
| Day 39: | VIB3. Basic geometry of the Keynesian cross VIB4. Solving for an aggregate expenditure (AE) equilibrium |
| Handouts: | Macroeconomic modeling:
The Keynesian Cross Solving for an Aggregate Expenditure equilibrium |
| Day 40: | Review (past final online) |