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  • 1.1 Reading: David Andolfatto’s Macroeconomic Theory & Policy, 2nd ed. “Chapter 1: The Gross Domestic Product: pages 1 to 24 and 31 to 36.”

    Link: David Andolfatto’s Macroeconomic Theory & Policy, 2nd ed. (PDF) “Chapter 1: The Gross Domestic Product: pages 1 to 24 and 31 to 36.”
     
    Instructions: When you click on the link above, you will be directed to an archive of the text.  Click on the PDF image at the top of the page to download the PDF file.  This is an Adobe Acrobat file that requires Adobe Acrobat Reader, which can be downloaded free at Adobe’s site.  Read pages 1 to 24 and 31 to 36 in chapter 1.  Note: These are the page numbers of the document, not the PDF page numbers.  Think about how economists calculate GDP and take inflation into account.  Consider different approaches to estimating GDP.
     
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  • 1.2 Reading: David Andolfatto’s Macroeconomic Theory & Policy, 2nd ed. “Chapter 1: The Gross Domestic Product: pages 25 to 30.”

    Link: David Andolfatto’s Macroeconomic Theory & Policy, 2nd ed. (PDF) “Chapter 1: The Gross Domestic Product: pages 25 to 30.”
     
    Instructions: When you click on the link above, you will be directed to an archive of the text.  Click on the PDF image at the top of the page to download the PDF file.  This is an Adobe Acrobat file that requires Adobe Acrobat Reader, which can be downloaded free at Adobe’s site.  Read pages 25 to 30 in chapter 1.  Note: These are the page numbers of the document, not the PDF page numbers.  Think about the ways economists describe how trends and cycles emerge and change.  Consider how different economic interpretations may impact decisions.
     
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  • 1.3 Reading: David Andolfatto’s Macroeconomic Theory & Policy, 2nd ed. “Chapter 3: Uncertainty and Expectations: pages 63 to 75.”

    Link: David Andolfatto’s Macroeconomic Theory & Policy, 2nd ed. (PDF) “Chapter 3: Uncertainty and Expectations: pages 63 to 75.”
     
    Instructions: When you click on the link above, you will be directed to an archive of the text.  Click on the PDF image at the top of the page to download the PDF file.  This is an Adobe Acrobat file that requires Adobe Acrobat Reader, which can be downloaded free at Adobe’s site.  Read all of chapter 3, pages 63 to 75.”  Note: These are the page numbers of the document, not the PDF page numbers.  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.
     
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  • 2.1 Reading: David Andolfatto’s Macroeconomic Theory & Policy, 2nd ed. “Chapter 2: Output and Employment: pages 38 to 52 and 58 to 61.”

    Link: David Andolfatto’s Macroeconomic Theory & Policy, 2nd ed. (PDF) “Chapter 2: Output and Employment: pages 38 to 52 and 58 to 61.”
     
    Instructions: When you click on the link above, you will be directed to an archive of the text.  Click on the PDF image at the top of the page to download the PDF file.  This is an Adobe Acrobat file that requires Adobe Acrobat Reader, which can be downloaded free at Adobe’s site.  Read chapter 2, pages 38 to 52 and 58 to 61.  Note: These are the page numbers of the document, not the PDF page numbers.  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.
     
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  • 2.2 Reading: David Andolfatto’s Macroeconomic Theory & Policy, 2nd ed. “Chapter 2: Output and Employment: pages 53 to 57.”

    Link: David Andolfatto’s Macroeconomic Theory & Policy, 2nd ed. (PDF) “Chapter 2: Output and Employment: pages 53 to 57.”
     
    Instructions: When you click on the link above, you will be directed to an archive of the text.  Click on the PDF image at the top of the page to download the PDF file.  This is an Adobe Acrobat file that requires Adobe Acrobat Reader, which can be downloaded free at Adobe’s site.  Read chapter 2, pages 53 to 57.  Note: These are the page numbers of the document, not the PDF page numbers.  Analyze how the business cycle affects trends in employment and how national policies can stabilize the labor market.
     
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  • 2.3 Reading: David Andolfatto’s Macroeconomic Theory & Policy, 2nd ed. “Chapter 4: Unemployment: pages 77 to 97.”

    Link: David Andolfatto’s Macroeconomic Theory & Policy, 2nd ed. (PDF) “Chapter 4: Unemployment: pages 77 to 97.”
     
    Instructions: When you click on the link above, you will be directed to an archive of the text.  Click on the PDF image at the top of the page to download the PDF file.  This is an Adobe Acrobat file that requires Adobe Acrobat Reader, which can be downloaded free at Adobe’s site.  Read chapter 4, pages 77 to 97.  Note: These are the page numbers of the document, not the PDF page numbers. Consider how various wages are arrived at, and the role of government in bridging income gaps with unemployment insurance.
     
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  • 3.1 Reading: David Andolfatto’s Macroeconomic Theory & Policy, 2nd ed. “Chapter 5: Consumption and Saving: pages 99 to 127.”

    Link: David Andolfatto’s Macroeconomic Theory & Policy, 2nd ed. (PDF) “Chapter 5: Consumption and Saving: pages 99 to 127.”
     
    Instructions: When you click on the link above, you will be directed to an archive of the text.  Click on the PDF image at the top of the page to download the PDF file.  This is an Adobe Acrobat file that requires Adobe Acrobat Reader, which can be downloaded free at Adobe’s site.  Read chapter 5, pages 99 to 127.  Note: These are the page numbers of the document, not the PDF page numbers. 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.
     
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  • 3.2 Reading: David Andolfatto’s Macroeconomic Theory & Policy, 2nd ed. “Chapter 7: Capital and Investment: pages 155 to the top of page 163.”

    Link: David Andolfatto’s Macroeconomic Theory & Policy, 2nd ed. (PDF) “Chapter 7: Capital and Investment: pages 155 to the top of page 163.”
     
    Instructions: When you click on the link above, you will be directed to an archive of the text.  Click on the PDF image at the top of the page to download the PDF file.  This is an Adobe Acrobat file that requires Adobe Acrobat Reader, which can be downloaded free at Adobe’s site.  Read chapter 7, pages 155 to 163.  Note: These are the page numbers of the document, not the PDF page numbers. Think about how interest rates are set relative to an open economy.  Does the market always allocate the correct level of capital and investment?
     
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  • 3.3 Reading: David Andolfatto’s Macroeconomic Theory & Policy, 2nd ed. “Chapter 7: Capital and Investment: pages 163 to 169.”

    Link: David Andolfatto’s Macroeconomic Theory & Policy, 2nd ed. (PDF) “Chapter 7: Capital and Investment: pages 163 to 169.”
     
    Instructions: When you click on the link above, you will be directed to an archive of the text.  Click on the PDF image at the top of the page to download the PDF file.  This is an Adobe Acrobat file that requires Adobe Acrobat Reader, which can be downloaded free at Adobe’s site.  Read chapter 7, pages 163 to 169.  Note: These are the page numbers of the document, not the PDF page numbers.  Think about the effects of government decisions on interest rates and levels of investment.
     
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  • 4.1 Reading: David Andolfatto’s Macroeconomic Theory & Policy, 2nd ed. “Chapter 6: Fiscal Policy: pages 129 to 141.”

    Link: David Andolfatto’s Macroeconomic Theory & Policy, 2nd ed. (PDF) “Chapter 6: Fiscal Policy: pages 129 to 141.”
     
    Instructions: When you click on the link above, you will be directed to an archive of the text.  Click on the PDF image at the top of the page to download the PDF file.  This is an Adobe Acrobat file that requires Adobe Acrobat Reader, which can be downloaded free at Adobe’s site.  Read chapter 6, pages 129 to 141.  Note: These are the page numbers of the document, not the PDF page numbers.  Think about how spending and taxation affect a static model with no dynamic changes.  Consider how different kinds of taxes affect the economy.
     
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  • 4.2 Reading: David Andolfatto’s Macroeconomic Theory & Policy, 2nd ed. “Chapter 6: Fiscal Policy: pages 142 to 151.”

    Link: David Andolfatto’s Macroeconomic Theory & Policy, 2nd ed. (PDF) “Chapter 6: Fiscal Policy: pages 142 to 151.”
     
    Instructions: When you click on the link above, you will be directed to an archive of the text.  Click on the PDF image at the top of the page to download the PDF file.  This is an Adobe Acrobat file that requires Adobe Acrobat Reader, which can be downloaded free at Adobe’s site.  Read chapter 6, pages 142 to 151.  Note: These are the page numbers of the document, not the PDF page numbers.  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.
     
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  • 4.3 Reading: David Andolfatto’s Macroeconomic Theory & Policy, 2nd ed. “Chapter 6: Fiscal Policy: pages 152 to 154.”

    Link: David Andolfatto’s Macroeconomic Theory & Policy, 2nd ed. (PDF) “Chapter 6: Fiscal Policy: pages 152 to 154.”
     
    Instructions: When you click on the link above, you will be directed to an archive of the text.  Click on the PDF image at the top of the page to download the PDF file.  This is an Adobe Acrobat file that requires Adobe Acrobat Reader, which can be downloaded free at Adobe’s site.  Read chapter 6, pages 152 to 154.  Note: These are the page numbers of the document, not the PDF page numbers. 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.)
     
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  • 5.1 Reading: David Andolfatto’s Macroeconomic Theory & Policy, 2nd ed. “Chapter 8: Money and Inflation: pages 172 to the top of page 175.”

    Link: David Andolfatto’s Macroeconomic Theory & Policy, 2nd ed. (PDF) “Chapter 8: Money and Inflation: pages 172 to the top of page 175.”
     
    Instructions: When you click on the link above, you will be directed to an archive of the text.  Click on the PDF image at the top of the page to download the PDF file.  This is an Adobe Acrobat file that requires Adobe Acrobat Reader, which can be downloaded free at Adobe’s site.  Read chapter 8, pages 172 to the top of 175.  Note: These are the page numbers of the document, not the PDF page numbers.  Think about how this tool explains the transfer of wealth over generations. 
     
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  • 5.2 Reading: David Andolfatto’s Macroeconomic Theory & Policy, 2nd ed. “Chapter 8: Money and Inflation: pages 175 to the top of page 194.”

    Link: David Andolfatto’s Macroeconomic Theory & Policy, 2nd ed. (PDF) “Chapter 8: Money and Inflation: pages 175 to the top of page 194.”
     
    Instructions: When you click on the link above, you will be directed to an archive of the text.  Click on the PDF image at the top of the page to download the PDF file.  This is an Adobe Acrobat file that requires Adobe Acrobat Reader, which can be downloaded free at Adobe’s site.  Read chapter 8, pages 175 to the top of 194.  Note: These are the page numbers of the document, not the PDF page numbers.  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.
     
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  • 5.3 Reading: David Andolfatto’s Macroeconomic Theory & Policy, 2nd ed. “Chapter 8: Money and Inflation: pages 194 to 205.”

    Link: David Andolfatto’s Macroeconomic Theory & Policy, 2nd ed. (PDF) “Chapter 8: Money and Inflation: pages 194 to 205.”
     
    Instructions: When you click on the link above, you will be directed to an archive of the text.  Click on the PDF image at the top of the page to download the PDF file.  This is an Adobe Acrobat file that requires Adobe Acrobat Reader, which can be downloaded free at Adobe’s site.  Read chapter 8, pages 194 to 205.  Note: These are the page numbers of the document, not the PDF page numbers.  Think about how the international monetary system functions and how it might be in need of reform.
     
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