A.F. ECONOMICS

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A.F. ECONOMICS

COURSE OUTLINE – FALL SEMESTER

 

Mankiw, ”Principles of Economics”

 

TERM 1 CURRICULUM:

 

UNIT 1:  INTRODUCTION TO ECONOMICS 

·        Ch. 2:  Thinking Like and Economist

·        Ch. 3:  Interdependence and the Gains From Trade

·        Ch. 4:  The Market Forces of Supply and Demand

v     Film Assignment:  “Brewster’s Millions”

 

UNIT 2:  THE DATA OF MACROECONOMICS

·        Ch. 23:  Measuring a Nation’s Income

·        Ch. 24:  Measuring the Cost of Living

·        Ch. 28:  Unemployment and Its Natural Rate 

 

TERM 2 CURRICULUM:

 

UNIT 3:   MACROECONOMY IN SHORT AND LONG RUN

·        Outside Notes:   Circular Flow of Economy

·        Ch. 33:  Aggregate Demand and Aggregate Supply

·        Ch. 25:  Production and Growth

          v     Film Assignment:  “Gung Ho”


UNIT 4:    MACROECONOMIC POLICIES

      Ch. 29:   The Monetary System

·        Ch. 34:  The Influence of Monetary and Fiscal Policy on

                        Aggregate Demand

        ·        Ch. 36:  Five Debates over Macroeconomic Policy


Semester #1 Project Due

  Midterm Exam

Semester #1 Project - Click Here















A.F. ECONOMICS

COURSE OUTLINE – SPRING SEMESTER

 

Mankiw, ”Principles of Economics”

 

TERM 3: CURRICULUM:

 

UNIT 1:  SUPPLY & DEMAND:  HOW MARKETS WORK 

·        Ch. 6:  Supply, Demand and Government Policy

·        Ch. 5:  Elasticity and Its Application

 

UNIT 2:  CONSUMER CHOICE AND UTILITY

·        Ch. 7:  Consumers, Producers and the Efficiency of Markets

·        Lecture Outside Text – Utility Maximization

 

UNIT 3:  THEORY OF THE FIRM

·        Ch. 13:  The Costs of Production

·        Ch. 14:  Firms in Competitive Markets

·        Ch. 15:  Monopoly

·        Ch. 17:  Monopolistic Competition



TERM 4 CURRICULUM:

 

UNIT 4:  MARKET FAILURE & THE PUBLIC SECTOR

·        Ch. 10:  Externalities

·        Ch. 11:  Public Goods and Common Resources

v     Film Assignment:  “A Civil Action”

 

UNIT 5:  PERSONAL FINANCE

·        Ch. 27:  The Basic Tools of Finance

·        (Additional Resources outside of Mankiw Textbook)

 

Semester 2 Project Due

Final Exam

Semester #2 Project - click here