Macro 1

2. Lecture 1 - Introduction
Macroeconomics

3. Dr. Gale L. Pooley, Ph.D.
Email: gpooley@byuh.edu
Phone: 675-3587
Office: HGB 226
Office Hours:
Monday and Wednesday
2:00pm to 4:00pm
or by appointment

15. Angus Maddison

17. 20161
AD
$2
$100
$30 World
15x
Northern Europe
North America
50x
1820

19. 88% to 2% in 32 years

20. 1820 2018 Change
Population 1 billion 7.5 billion 7.5 x
Life Expectancy 30 years 72 years 42 +
Income Per
Capita Per Day
$2 $30 15 x

21. Astonishing!
extremely surprising
or impressive;
amazing.

22. How did this
happen?

23. Observe

24. Think

25. ?

27. Observe
Why
Test Think

28. The Economic Way
of Thinking
Think Like
an Economist

29. Course
Textbook
Modern Principles of
Macroeconomics
3rd Ed.
Cowan, Tabarrok.

31. Digital-Free
Zone
No Laptops or Cell
Phones

32. Points
Exams 75%
Homework, Quizzes In-Class 25%
Total 100%

33. Grading Scale

35. For the earth is full, and there is
enough and to spare; yea, I
prepared all things, and have given
unto the children of men to be
agents unto themselves.
Doctrine and Covenants 104:17
Year: 1834

36. “The pursuit,
discovery, and
application of
truth are what
we are on this
earth to
discover.”

38. "For a poor person
everything is
terrible. . . . we are
afraid of everything;
we depend on
everyone. No one
needs us. We are like
garbage that
everyone wants to
get rid of”
Blind woman from Tiraspol, Moldova 1997 (cited in Narayan, 2000, p.
65).

43. All human beings—male and female—are
created in the image of God. Each is a
beloved spirit son or daughter of
heavenly parents, and, as such, each has
a divine nature and destiny.

44. Scarcity
Choices

45. Make Better
Choices

46. Economics
How we create
value for one
another
Cooperation

49. Time Commitment
Class 3 Hours
Homework 6 Hours
Total 9 Hours

51. Econ Lab
Jaeleen
Room 117
Tuesday
9pm - 11pm
Wednesday
7pm -9pm

53. Can you make a
pencil?

55. Every Trade
One Price
TwoValues
Two Winners

56. Think
like an
Economist

57. Words
Numbers
Illustrations

58. Economist’s
Dictionary

59. Yabut
Yes, but
Weight Costs and
Benefits

60. Who should
make your
choices?

61. What
do you
want to be?