ECON 104 02 Course Outline Jan 23 Syllabus Jan 28 Introduction to Economics Reading Capitalist Revolution see Bowles on Moodle Jan 30 Our First Model Reading chapter 2 in Case Fair Oster Feb 4 Demand Supply Reading chapter 3 in Case Fair Oster Feb 6 Lecture will not meet Feb 8 Initial MyEconLab assignments are due by 11 59 pm Feb 11 Market Failures Reading chapter 4 in Case Fair Oster Feb 13 The Circular Flow Model Reading chapter 5 in Case Fair Oster Feb 18 UMass Holiday Feb 19 UMass follows a Monday schedule but we won t meet Feb 20 National Income Accounting Reading chapter 6 in Case Fair Oster Feb 25 Complicating the Story Reading Macro the Environment Harris on Moodle Feb 27 EXAM 1 Mar 4 Unemployment Reading start chapter 7 in Case Fair Oster Mar 6 Inflation Reading complete chapter 7 in Case Fair Oster Also read Democratic Money Greider on Moodle March 11 March 15 Spring Recess Mar 18 Keynesian Cross Model Reading start chapter 8 in Case Fair Oster Mar 20 Extending the Keynesian Cross Model Reading complete chapter 8 in Case Fair Oster Mar 25 Adding Government to the Model Reading Chapter 9 in Case Fair Oster Mar 27 Introduction to Debt and Deficits Reading Perry parts I through III pp 2 19 in Perry on Moodle Apr 1 The Political Economy of Deficits Reading Perry parts IV and V pp 20 27 in Perry on Moodle Apr 3 EXAM 2 Apr 8 Introduction to Money Reading An Overview of Money ch 10 in Case Fair Oster Apr 10 Deposit Creation Reading How Banks Create Money ch 10 in Case Fair Oster Apr 15 UMass Holiday Apr 17 Evolution of Monetary Institutions Reading The Federal Reserve System ch 10 in Case Fair Oster Apr 22 Central Banks Reading Dolenc on Moodle Apr 24 Monetary Policy I Reading How the Federal Reserve Controls ch 10 in C F O also The Demand for Money ch 10 or ch 11 C F O Apr 29 Monetary Policy II Reading Financial Crises Stabilization and Deficits either chapter 14 or 15 in Case Fair Oster May 1 The Subprime Financial Crisis Reading Then and Now and Cassidy both on Moodle Comprehensive Final Examination 8 10 a m on Friday May 3rd