Category Archives: Our Work

Final due Thursday, December 16th

This version is for the class that meets Tuesdays & Thursdays 11am-12:15pm
Final-1104-Due1216

You may use your notes but please turn in your own work rather than work someone else has done with or without their knowledge. Full disclosure: choosing to turn in someone else’s work can result in failure of the course or expulsion from BMCC.

Week 16 – Review

Tuesday, 12/07
come to class with questions.
we will go over Weekly Reviews.

Thursday, 12/09
come to class with questions.
we will finish going over Weekly Reviews.
revisit Question Building questions — what makes a good answer?

due Thursday, 12/16
Final Exam due uploaded to Blackboard by 11:59pm
Any late assignments must also be turned into Blackboard by 11:59pm.
Any one hoping to take an incomplete must have already spoken to me directly about this and have my consent by 6pm.

Week 15 – AD & AS

Before Class on Tuesday, November 30th
OpenStax (2021) – 11.1 & 11.2
(optional)
OpenStax 11.3 & 11.4
Marginal University (2021)
In Class
Week15-ASADDownload

Before Class on Thursday, December 2nd
Have completed or attempted all of Weekly Review 11

Material Links
OpenStax. (2021). “Macroeconomic Perspectives on Demand and Supply.” Principles of Macroeconomics (second edition). https://openstax.org/books/principles-macroeconomics-2e/pages/11-1-macroeconomic-perspectives-on-demand-and-supply
OpenStax. (2021). “Building a Model of Aggregate Demand and Aggregate Supply.” Principles of Macroeconomics (second edition). https://openstax.org/books/principles-macroeconomics-2e/pages/11-2-building-a-model-of-aggregate-demand-and-aggregate-supply
OPTIONAL
Marginal University. https://www.youtube.com/playlist?list=PLaZU7UOmD4OGRLhk7bLsFrJMc162jLfrz
In this series, Aggregate Demand might be the most helpful. Long Run Aggregate Supply and Short Run Aggregate Supply present an alternative to the Aggregate Supply curve we are using, representing the so-called “neoclassical synthesis”

 

Week 14 – AD & AS Model

Before Class on Tuesday, November 23rd
Read: Economics Online (2021)
Watch (5:17): Khan Academy (transcript available at link)
In Class


NO CLASS on Thursday, November 25th

Material Links
Economics Online. (2021). “The AD- AS Model” https://www.economicsonline.co.uk/Managing_the_economy/Introduction_to_aggregate_demand_and_aggregate_supply.html
Khan, Sal. “Shifts in Aggregate Demand.” https://www.khanacademy.org/economics-finance-domain/macroeconomics/aggregate-supply-demand-topic/macro-changes-in-the-ad-as-model-in-the-short-run/v/shifts-in-aggregate-demand

Week 13 – Government Budget

Before class on Tuesday, 11/16
Watch (13:51): Kelton (2021)
Read: Lu (2020)
Read: Lumen Learning: “Taxation

In class on Thursday, 11/18
Question Building 2 In Class

Material Links
Kelton, Stephanie. (2021). “The big myth of government deficits.” TEDMonterey. https://www.ted.com/talks/stephanie_kelton_the_big_myth_of_government_deficits
Lu, Marcus. (2020, October 30). “Charting America’s Debt: $27 Trillion and Counting.” Visual Capitalist. https://www.visualcapitalist.com/americas-debt-27-trillion-and-counting/
Lumen Learning: from Module 11: “Taxation” https://courses.lumenlearning.com/wm-macroeconomics/chapter/reading-taxation/

Week 12 – Monetary Policy

Before class on Tuesday, 11/09
Read: Lumen Learning “Monetary Policy” and “Monetary Policy and Open Market Operations”
Watch (8:10): Schamus (2014)

In Class


Before class on Thursday, 11/11
have done or attempted all of Weekly Review 10

Material Links
Lumen Learning. (2021). Module 13: “Monetary Policy” https://courses.lumenlearning.com/wm-macroeconomics/chapter/tools-of-monetary-policy/ and “Monetary Policy and Open Market Operations“ https://courses.lumenlearning.com/wm-macroeconomics/chapter/monetary-policy-and-open-market-operations/
Schamus, James. (2014). “The Second Part of That Film About Money.” wetheeconomy.

Week 11 – Fiscal Policy

Before Class on Tuesday, 11/02
Read: Lumen Learning “Automatic Stabilizers”
Watch (4:10): Mazzucato (2013) – just from 4:50-9:00
In Class
Slides: Keynesian Cross and Fiscal Policy

Before Class on Thursday 11/04
Have done or attempted all of Weekly Review 9
In Class
Amadeo, Kimberly. (2020). “Supply Side Economics with Examples: Does It Work?” The Balance. 27 September. https://www.thebalance.com/supply-side-economics-does-it-work-3305786

Material Links
[optional] Giles, Chris. (2021). “Covid-19 demonstrated ‘power’ of government spending, says IMF.” Financial Times. 13 October. Giles, Chris. https://www.ft.com/content/851546e7-8d2a-4407-9987-da5ab89464c9
Lumen Learning. “Automatic Stabilizers” https://courses.lumenlearning.com/wm-macroeconomics/chapter/counterbalancing-recession-and-boom/
Mazzucato, Mariana. (2013). “Government — investor, risk taker, innovator.” TEDglobal. https://www.ted.com/talks/mariana_mazzucato_government_investor_risk_taker_innovator?language=en
(You can watch the whole thing (13:46) if you like, but the only required piece is 4:50-9:00.)

Week 10 – Keynesian Cross

Before Class on Tuesday, 10/26
Read: The Economy, Sections 14.1, 14.2, & 14,3
Watch (9:19): Khan (2013)
In Class
Slides: Keynesian Cross

Before Class on Thursday, 10/28
have done or attempted all of Weekly Review 8
In Class
Sequiera, Robbie. (2021). “How stimulus might not be enough to help poor or economy.” The Gainesville Times. 10 March.

Material Links
The CORE Program. (2021). “Unemployment and Fiscal Policy: the transmission of shocks, the multiplier process'” The Economy. https://www.core-econ.org/the-economy/book/text/14.html#141-the-transmission-of-shocks-the-multiplier-process
“The multiplier model” https://www.core-econ.org/the-economy/book/text/14.html#141-the-transmission-of-shocks-the-multiplier-process
“Target household wealth, collateral, and consumption spending,” https://www.core-econ.org/the-economy/book/text/14.html#143-household-target-wealth-collateral-and-consumption-spending
Khan, Sal. (2013) “Keynesian Cross.” Khan Academy. https://www.khanacademy.org/economics-finance-domain/macroeconomics/income-and-expenditure-topic/macroeconomics-the-keynesian-cross/v/keynesian-cross

Week 9 – Exchange Rates

Before Class on Tuesday, 10/19
Read: Lumen Learning “Strengthening and Weakening Currencies”
Watch (07:25): Khan (2021)

Before Class on Thursday, 10/21
Have attempted or completed all of Weekly Review 7

Material Links
Khan, Sal. (2021). “Exchange Rate Primer.” AP/College Macroeconomics: Khan Academy. https://www.khanacademy.org/economics-finance-domain/ap-macroeconomics/ap-open-economy-international-trade-and-finance
Lumen Learning. “Strengthening and Weakening Currencies” https://courses.lumenlearning.com/wm-macroeconomics/chapter/strengthening-and-weakening-currency/

Week 8 – International Trade

Before Class on Tuesday, 10/12
Watch (14:27): Blumberg (2013) (see notes)
Read: Lumen Learning “Absolute and Comparative Advantage” & “Comparative Advantage and Gains from Trade”

Before Class on Thursday, 10/14
Have tried or completed all of Weekly Review 6

Material Links
Blumberg, Alex. (2013) “Planet Money Makes a T-Shirt.” Planet Money. NPR. https://apps.npr.org/tshirt/#/title
Lumen Learning “Absolute and Comparative Advantage” https://courses.lumenlearning.com/wm-macroeconomics/chapter/absolute-and-comparative-advantage/ & “Comparative Advantage and Gains from Trade” https://courses.lumenlearning.com/wm-macroeconomics/chapter/reading-absolute-advantage-2/

Notes on Blumberg:
Prioritize “People,” “Boxes”, and “You” if you have to skip some chapters but they are all very engaging and highly encouraged!
Time Breakdown by Chapter :
Intro (0:45)
Cotton (02:32)
Machines (01:33)
People (06:21)
Boxes (01:37)
You (01:40)