1.1. Ten Principles of Economics Chapter 1; Chapter 1.1.1. How People Make Decisions 2. 1.1.2. How People Interact - Macro Study 1 1.1.3. How the Economy as a Whole Work Chapter 1 + 2 Guide – Unit 1. 1.2. Thinking Like an Economist 1.2.1. Microeconomics vs. Macroeconomics 1.2.1. Positive vs. Normative Statements 1.2.2. Circular Flow Diagram Unit 2. Measuring a Nation’s Income - Textbook: 2.1. The Economy’s Income and Expenditure Chapter 23. 2 2.2. The Measurement of GDP - Macro Study Chapter 23 2.3. The Components of GDP Guide – Unit 2. 2.4. Real vs. Nominal GDP 2.5. Is GDP a Good Measure of Economic Well-Being - Textbook: Unit 3. Measuring the Cost of Living Chapter 24. 3 3.1. The Consumer Price Index Chapter 24 - Macro Study 3.2. Correcting Economic Variables for the Effects of Inflation Guide – Unit 3. Unit 4. Production and Growth - Textbook: 4.1. Economic Growth around the World Chapter 25. 4 Chapter 25 4.2. Producitivity: Its Role and Determinants - Macro Study 4.3. Economic Growth and Public Policy Guide – Unit 4. - Textbook: Unit 5. Saving, Investment, and the Financial System 5 Chapter 26 Chapter 26. 5.1. The Financial System Week Content Required readings text Homework 5.2. Saving and Investment in the National Income Accounts - Macro Study 5.3. The Market for Loanable Funds Guide – Unit 5. - Textbook: Unit 6. Unemployment Chapter 28. 6.1. Identifying Unemployment Chapter 28 6 - Macro Study 6.2. Categories of Unemployment Guide – Unit 6. Unit 7. The Monetary System - Textbook: 7.1. The Meaning of Money Chapter 29. 7 7.2. Money in the Economy Chapter 29 - Macro Study 7.3. Banks and the Money Supply Guide – Unit 7. 7.4. The Tools of Monetary Policy - Textbook: Unit 8. Money Growth and Inflation Chapter 30. 8 8.1. The Classical Theory of Inflation Chapter 30 - Macro Study 8.2. The Costs of Inflation Guide – Unit 8. - Textbook: Unit 9. Open-Economy Macroeconomics : Basic Concepts Chapter 31. 9.1. Open and Closed Economies - Macro Study 9 9.2. The Balance of Payment Chapter 31 Guide – Unit 9. 9.3. Real and Nominal Exchange Rates 9.4. Purchasing-Power Parity Week Content Required readings text Homework - Textbook: Unit 10 Aggregate Demand and Aggregate Supply Chapter 33. 10.1. Explaining Short-Run Economic Fluctuation - Macro Study 10 10.2. The Aggregate-Demand Curve Chapter 33 Guide – Unit 10. 10.3. The Aggregate-Supply Curve 10.4. Two Causes of Economic Fluctuations