FEBRUARY 1 Introduction, Scope and Method; Measures of macro activity; Introduction to "Macrosolve" (1, SP 1.1-1.3, 2,sp2.1-2.3,2.11-2.15)

8 Basic Concepts of Macroeconomic Equilibrium; The Two Sector Keynes Model; The Multiplier Effect. (4)

15 The Theory and Practice of Fiscal Policy (4.6-4.7,SP4.1-4.24)

22 EXAM I; The Determinants of Investment & the"IS Curve"(5, 5.1, 5.2-5.5, SP5.5)

MARCH 1 The Demand for Money and the "LM Curve" (5.7, SP5.9-5.22, 5.8-5.10, SP 5.23)The IS-LM Model (5.11, SP 5.32)

8 The IS-LM Model

15 Monetary and Fiscal Policy in the IS-LM Model.(6,6.2-6.3,6.6,6.7-6.9,6.4, SP 6.18-6.20)TAKEHOME EXAM

22 The Variable Price IS-LM Model: Aggregate Demand Curve (8.1-8.3)

APRIL 5 The Variable Price IS-LM Model: Aggregate Supply Curve (8.4-8.5); The Labor Market and Aggregate Supply (8.6-8.8).

12 The Debate Over a Self-Regulating Mechanism: Keynes and the Classics Revisitied. (9.1-9.6, SP9.10-9.22).

19 Keynes vs. Classics continued.

26 EXAM III The Evolution of Inflation Theory: The Phillips Curve and the Accelerationist Theory (SP 10.4, SP 10.6)

MAY 3 Rational Expectations Theory ; Supply Side Economics.

10 Summary and Review

FINAL EXAM: MAY 17.