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A one-term comprehensive course in Principles of Macroeconomics can cover Chapters 1-19 and 35-37. When there is not time to cover every chapter in a course of 12 to 14 weeks, the following chapters provide complete coverage of both theory and its applications.

Unit I:Introduction to the Price System
Chapter 1Economics: The World Around You
Chapter 2Choice, Opportunity Costs, and Specialization
Chapter 3Markets, Demand and Supply, and the Price System
Chapter 4The Market System and the Private Sector
Chapter 5The Public Sector
Exam #1
Unit II:Macroeconomic Basics
Chapter 6National Income Accounting
Chapter 7An Introduction to the Foreign Exchange Market and the Balance of Payments
Chapter 8Unemployment and Inflation
Chapter 9Macroeconomic Equilibrium: Aggregate Demand and Supply
Chapter 10Aggregate Expenditures
Chapter 11Income and Expenditures Equilibrium
Exam #2
Unit III:Macroeconomic Policy
Chapter 12Fiscal Policy
Chapter 13Money and Banking
Chapter 14Monetary Policy
Chapter 15Macroeconomic Policy: Tradeoffs, Expectations, Credibility, and Sources of Business Cycles
Chapter 16Macroeconomic Viewpoints: New Keynesian, Monetarist, and New Classical
Exam #3
Unit IV:Economic Growth and Development
Chapter 17Macroeconomic Links Between Countries
Chapter 18Economic Growth
Chapter 19Development Economics
Chapter 35World Trade Equilibrium
Exam #4

For a short course on macroeconomics of 11-12 weeks, cover Chapters 1-16.

Unit I:Introduction to the Price System
Chapter 1Economics: The World Around You
Chapter 2Choice, Opportunity Costs, and Specialization
Chapter 3Markets, Demand and Supply, and the Price System
Chapter 4The Market System and the Private Sector
Chapter 5The Public Sector
Exam #1
Unit II:Macroeconomic Basics
Chapter 6National Income Accounting
Chapter 7An Introduction to the Foreign Exchange Market and the Balance of Payments
Chapter 8Unemployment and Inflation
Exam #2
Unit III:Macroeconomic Theory
Chapter 9Macroeconomic Equilibrium: Aggregate Demand and Supply
Chapter 10Aggregate Expenditures
Chapter 11Income and Expenditures Equilibrium
Exam #3
Unit IV:Macroeconomic Policy
Chapter 12Fiscal Policy
Chapter 13Money and Banking
Chapter 14Monetary Policy
Chapter 15Macroeconomic Policy: Tradeoffs, Expectations, Credibility, and Sources of Business Cycles
Chapter 16Macroeconomic Viewpoints: New Keynesian, Monetarist, and New Classical
Exam #4

A one-term comprehensive course in Principles of Microeconomics can cover Chapters 1-5 and 20-35.

When there is not time to cover every chapter, the following chapters provide complete coverage of both theory and its applications, whether or not the students are required to take the Principles of Macroeconomics as a prerequisite. Note that if students have all taken Principles of Macroeconomics as a prerequisite, then Chapters 1 and 3 can be quickly reviewed. Also, if desired, Chapters 24-26 can be skipped entirely and product markets covered only to the extent of Chapter 23.

Unit I:Price System, the Consumer, and Costs
Chapter 1Economics: The World Around You
Chapter 3Markets, Demand and Supply, and the Price System
Chapter 20Elasticity: Demand and Supply

Chapter 21

Consumer Choice (cover the appendix only if students are capable of benefiting from it)
Chapter 22Supply: The Costs of Doing Business
Exam #1
Unit II:Market Structures and Government Policy
Chapter 23An Overview of Product Markets and Profit Maximization
Chapter 24Perfect Competition
Chapter 25Monopoly
Chapter 26Monopolistic Competition and Oligopoly
Chapter 27Government Policy Toward Business
Exam #2
Unit III:Resource Markets
Chapter 28An Overview of Resource Markets
Chapter 29The Labor Market: Wage Differentials and Personnel Practices
Chapter 30Wage Differentials: Race, Gender, Age, and Unionization
Chapter 31Capital and Technological Change
Chapter 32Natural Resources and Environmental Policy
Chapter 34Income Distribution, Poverty, and Government Policy
Exam #3
Unit IV:International Economics and Economic Applications
Chapter 35World Trade Equilibrium
Chapter 36International Trade Restrictions
Chapter 37Exchange-Rate Systems and Practices
Chapter 33Aging, Social Security, and Health Care
Exam #4

The following abridged syllabus can be used if the Principles of Microeconomics course is to be offered during a shorter term or will offer credit of less than 3 semester hours or 5 quarter hours. The necessary theory is covered, but applications are truncated. Note: Chapters 24-26 can be skipped and Chapter 23 relied on to provide product market basics is additional time is needed.

Unit I:Price System, the Consumer, and Costs
Chapter 3Markets, Demand and Supply, and the Price System
Chapter 20Elasticity: Demand and Supply
Chapter 21Consumer Choice (cover the appendix only if students are capable of benefitting from it)
Chapter 22Supply: The Costs of Doing Business
Exam #1
Unit II:Market Structures
Chapter 23An Overview of Product Markets and Profit Maximization
Chapter 24Perfect Competition
Chapter 25Monopoly
Chapter 26Monopolistic Competition and Oligopoly
Exam #2
Unit III:Resource Markets
Chapter 28An Overview of Resource Markets
Chapter 29The Labor Market: Wage Differentials and Personnel Practices
Chapter 30Wage Differentials: Race, Gender, Age, and Unionization
Chapter 31Capital and Technological Change
Chapter 32Natural Resources and Environmental Policy
Exam #3
Unit IV:Income Policies and International Economics
Chapter 34Income Distribution, Poverty, and Government Policy
Chapter 35World Trade Equilibrium
Chapter 36International Trade Restrictions
Chapter 37Exchange-Rate Systems and Practices
Exam #4
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