Topic	Name	Description
Course Introduction	Course Syllabus

1.1: Gross Domestic Product	The Gross Domestic Product	Read Chapter 1 on pages 1–24 and 31–36. Think about how economists calculate GDP and take inflation into account. Consider different approaches to estimating GDP.
	Macroeconomics Lecture 1	Listen to this lecture.
	Macroeconomics Lecture 2	Listen to this lecture.

1.2: Trends and Cycles	Trends and Cycles	Read Chapter 1 on pages 25–30. Think about the ways economists describe how trends and cycles emerge and change. Consider how different economic interpretations may impact decisions.

1.3 : Decisions Under Uncertainty	Uncertainty and Expectations	Read Chapter 3 on pages 63–75. Consider a time you had to make a decision under uncertain conditions. How did you approach it? Also, think about how national policies can either create or reduce uncertainty.
	Uncertainty, Risk, and the Rational Expectations Hypothesis	Watch these lectures.

2.1: Output and Employment	Output and Employment	Read Chapter 2 on pages 38–52 and 58–61. Consider a time you had to make a decision about whether to work or do something else. Think about how that choice is replicated throughout an entire economy.
	Macroeconomics Lecture 3	Listen to this lecture.

2.2: Business Cycles and Policies	Understanding Business Cycles	Read Chapter 2 on pages 53–57. Analyze how the business cycle affects trends in employment and how national policies can stabilize the labor market.
	More on Business Cycles	Listen to this lecture.

2.3: Unemployment	Unemployment	Read Chapter 4 on pages 77–97. Consider how various wages are arrived at, and the role of government in bridging income gaps with unemployment insurance.

3.1: Consumption and Saving	Consumption and Saving	Read Chapter 5 on pages 99–127. Consider the relationship between consumer demand and the level of savings. Analyze the effect on the international position of the economy and the market level of interest rates.

3.2: Capital and Investment	Capital and Investment	Read Chapter 7 on pages 155–163. Think about how interest rates are set relative to an open economy. Does the market always allocate the correct level of capital and investment?
	Macroeconomics Lecture 7	Listen to this lecture.

3.3: IS-LM Analysis	The IS Curve	Read Chapter 7 on pages 163–169. Think about the effects of government decisions on interest rates and levels of investment.

4.1: Static Models of Spending and Taxation	Fiscal Policy	Read Chapter 6 on pages 129–141. Think about how spending and taxation affect a static model with no dynamic changes. Consider how different kinds of taxes affect the economy.

4.2: Dynamic Models of Spending and Taxation	Government Deficits	Read chapter 6 on pages 142–151. Think about how spending and taxation affect a dynamic model, as compared to the static ones in the last section. Consider how different kinds of policies, like sustained interventions and shocks, affect the economy.

4.3: Taxes vs. Borrowing	Taxes and Borrowing	Read chapter 6 on pages 152–154. Consider the pros and cons of borrowing and/or raising taxes to finance a deficit. When is each policy better than the other? Hint: Think about economic cycles.
	Can Deficit Spending Save the Economy?	Listen to Lecture 4, "Stimulus SmackDown: Can Deficit Spending Save the Economy?".

5.1: Overlapping Generations Model	Money and Inflation	Read Chapter 8 on pages 172–175. Think about how this tool explains the transfer of wealth over generations.
	Overlapping Generations, Demography, and Asset Pricing	Watch these lectures.

5.2: Monetary Policy and Inflation	Monetary Policy and Inflation	Read Chapter 8 on pages 175–194. Think about how the role of money functions within an economy. Consider which policies work best in isolation and which are best used in an open economy.

5.3: International Monetary Systems	International Monetary Systems	Read Chapter 8 on pages 194–205. Think about how the international monetary system functions and how it might be in need of reform.

Course Feedback Survey	Course Feedback Survey