This document provides an introduction and syllabus for a macroeconomics course. It includes: - Contact information for the professor, Dr. Gale Pooley. - A schedule of lecture topics and assigned chapters from the textbook "Modern Principles of Macroeconomics" by Cowan and Tabarrok. - Course policies on grading, which will be based on exams, homework, in-class participation, and video assignments. - Quotes about economic conditions, free agency, and the divine nature of humanity to provide context and motivation for the course.

2. Macroeconomics
Lecture 1
Introduction

3. Dr. Gale L. Pooley, Ph.D.
Email: gpooley@byuh.edu
Phone: 675-3587
Office: HGB 226
Office Hours:
Monday and Wednesday
8:00am to 11:00am
or by appointment

14. Angus Maddison

16. 20161
AD
$2
$100
$30 World
15x
Northern Europe
North America
50x
1820

18. 1820 2016 Change
Population 1 billion 7.5 billion 7.5 x
Life Expectancy 26 years 72 years 46 +
Income Per Capita
Per Day
$2 $30 15 x

19. 88% to 2% in 32 years

20. Astonishing!
extremely surprising
or impressive;
amazing.

21. How did this
happen?

22. Observe

23. Think

24. ?

26. Observe
Why
Test Think

27. The Economic Way
of Thinking
Think Like
an Economist

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

29. Digital-Free
Zone
No Laptops or Cell
Phones

30. Points
Exams 75%
Homework 10%
In-Class 10%
Video 5%
Total 100%

31. Grading Scale

32. Session Date Topic Chapter
1 Thu Jan. 11 Introduction 1
2 Tue Jan. 16 Trade and Comparative Advantage 2- 3
3 Thu Jan. 18 Supply and Demand, Price Ceilings and Floors 4 - 5
4 Tue Jan. 23 GDP 6
5 Thu Jan. 25 The Wealth of Nations 7
6 Tue Jan. 30
7 Thu Feb. 1 EXAM 1
8 Tue Feb. 6 Growth Models 8
9 Thu Feb. 8 The Financial System 9
10 Tue Feb. 13 Stock Market and Personal Finance 10
11 Thu Feb. 15 Unemployment 11
12 Tue Feb. 20 Inflation and the Quantity Theory 12
13 Thu Feb. 22
14 Tue Feb. 27
15 Thu Mar. 1 EXAM 2
16 Tue Mar. 6 Aggregate Demand and Aggregate Supply 13
17 Thu Mar. 8 Transmission and Amplification Functions 14
18 Tue Mar. 13 The Federal Reserve 15
19 Thu Mar. 15 Monetary Policy 16
20 Tue Mar. 20 Taxes and Spending 17
21 Thu Mar. 22 Fiscal Policy 18
22 Tue Mar. 27
23 Thu Mar. 29 EXAM 3
24 Tue Apr. 3 International Trade 19
25 Thu Apr. 5 International Finance 20
26 Tue Apr. 10 Political Economy and Public Choice 21
27 Thu Apr. 12
28 Final FINAL EXAM

33. 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

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

36. "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).

39. 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.

40. Scarcity
Choices

41. Make Better
Choices

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