OVERVIEW: WEEK OF SEPTEMBER 30th
Topic
Congratulations, you have made it through the first third of the course! Although you may not be feeling very good about the results of your first exam, let me reassure you that, they're right "in-line" with historical results and more importantly, you still have time to bounce back.
This week, I will grade your exams as quickly as I can. In the meantime, you will jump right into our new chapter. You are now moving away from the fundamentals and into the macro portion of this class.
While you may be tempted to perform a 'brain dump' on what you just learned over the last six weeks, don't do it. The fundamental principles and tools of supply and demand continue to be useful to you throughout the course. If you still are a bit uncertain about them, come see me for some help, or go look for a tutor at the library. Just don't decide to do nothing.................that is not an optimal decision.
Now that we're moving away from the fundamentals, this week and over the next few weeks, you'll be introduced to macroeconomic topics. You will review concepts such as gross domestic product (GDP), unemployment and inflation. These are the three issues or topics of the macroeconomy.
Objectives
By the end of this week, you will be able to:
- To analyze the use of national income accounts in the measurement of aggregate economic performance, such as Gross Domestic Product
- Define GDP and describe how it is measured in the United States
- Distinguish between nominal and real GDP and other such values
Weekly Schedule
| Due date | Activity |
|---|---|
|
Read Textbook: Chapter 6: The Macroeconomic Perspective |
|
| Refer to Schedule | Assignment: Relevant Study Guide Questions |
| Sunday, 10/6 | Quiz #5 |