Welcome!

Welcome to ECON 201, Principles of Macroeconomics!

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How to start this class

It is time to get started in our course.<a href=”http://econ201online.umwblogs.org/files/2012/08/1705035288_4fb7d3da5a_m.jpg”><img class=”alignright size-full wp-image-728″ title=”1705035288_4fb7d3da5a_m” src=”http://econ201online.umwblogs.org/files/2012/08/1705035288_4fb7d3da5a_m.jpg” alt=”” width=”204″ height=”240″ /></a>
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To begin, watch Videos 1 – 3.  This should be done before the first day of class!  Note that Video 2 is in two parts, and that the charts referenced in Video 3 are available from the links at the bottom of this post.  Please let me know if you choose to drop this course so I can let other students from the waiting list in.

<a href=”http://vimeo.com/72658771?utm_source=email&amp;utm_medium=clip-transcode_complete-finished-20120100&amp;utm_campaign=7701&amp;email_id=Y2xpcF90cmFuc2NvZGVkfDNiZjM0OTY4NTRmMzg3ZGFkMWViNGI4NjYxMjE0MWVmMzEyfDU2MTM3MnwxMzc2OTI1MTk4″>Video 1: Welcome to ECON 201!</a>

<a href=”http://www.youtube.com/watch?v=uhiCFdWeQfA&amp;feature=related”>What you *won’t* get in this course</a>

Videos <a href=”http://vimeo.com/72660966?utm_source=email&amp;utm_medium=clip-transcode_complete-finished-20120100&amp;utm_campaign=7701&amp;email_id=Y2xpcF90cmFuc2NvZGVkfDlhOWJjNjcxMWIzYzk3ODdiMzA1ZjlkYzkzZjVkOTYzMjk3fDU2MTM3MnwxMzc2OTI3MTk0″>2.1 &amp;</a> <a href=”https://www.dropbox.com/s/nreheloum4t8wus/Greenlaw%20-%20video3-HD.mov?dl=0″>2.2</a> : How to Take this Course Online  [ <a href=”http://econ201online.umwblogs.org/files/2013/08/How-to-Take-this-Course-Online-SCRIPT-Revised.docx”>Transcript of Video 2</a> ]

<span style=”color: #ff0000;”>2 Corrections from Video 2.2: The first google hangout will be this Wednesday, Aug 26.  The references to this being a Writing Intensive course are not true this semester, so you should ignore those.</span>

<a href=”http://www.youtube.com/watch?v=tkiw9CR1raw”>Video 3: What is this Course About?</a>

[Charts for Video 3: <a href=”http://econ201online.umwblogs.org/files/2012/07/Real-Potential-and-Actual-GDP.pdf”>Real Potential &amp; Actual GDP</a>, <a href=”http://econ201online.umwblogs.org/files/2012/07/Unemployment-Rate.pdf”>Unemployment Rate</a>, <a href=”http://econ201online.umwblogs.org/files/2012/07/Labor-Force-and-Employment.pdf”>Labor Force &amp; Employment</a>]

One other point about course mechanics:  I will introduce each course topic with a blog post (like this one) explaining what you need to do for the topic.  Each post will include an brief  video overview of the topic, a list of readings and other materials for study, and one or more assignments to complete.  Whenever I publish a post, I will announce it via twitter so you need to follow twitter daily.  For more details on each topic, see the topic pages which you can access from the right sidebar (though you may have to scroll down).

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Answer Key for First Exam

  1. d
  2. d
  3. d
  4. a
  5. b
  6. c
  7. b
  8. b
  9. b
  10. d
  11. a
  12. b
  13. d
  14. b
  15. e
  16. a
  17. a
  18. b
  19. a
  20. e
  21. b
  22. b
  23. d
  24. d
  25. c
  26. e
  27. d
  28. c
  29. d
  30. d

 

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Why French Winemakers are Seeing the World Through Rose-colored Glasses

Listen to this story from NPR, and see if you can illustrate the story with supply & demand curves.

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Apropos our recent discussion of the liberal arts & sciences

Check out this:  http://www.washingtonpost.com/blogs/answer-sheet/wp/2015/08/30/why-the-tech-world-highly-values-a-liberal-arts-degree/?tid=pm_local_pop_b

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Scavenger Hunt – Due Friday!

The course website/syllabus explains the most important things you need to know for this course.  To that end, here is a scavenger hunt to help you learn those things.  The answers can be found from the website.

o   How do you send Prof. Greenlaw an anonymous comment?

o   What do the blue boxes show on the Visual Syllabus?

o   How many weeks until the first exam?

o   What grade will you get for Class Participation if you miss a noticeable amount of class?

o   The second required reading for Topic 10 is from where?

o   Extra Credit: Who is the lead content expert on your textbook?

Answers to the scavenger hunt should be emailed to me by class time this Friday.  Your score will be credited to your homework & class participation grade.

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Survey URL

https://www.surveymonkey.com/s/UMW_Students

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Sample Supply & Demand Problems

Some of you asked for additional help with supply and demand problems.   Here are some samples to work through.  When you’re ready, we can go over them together.  Just let me know when you want to do that.

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First Exam

  1. E
  2. D
  3. C
  4. B
  5. E
  6. A
  7. B
  8. C
  9. D
  10. A
  11. B
  12. C
  13. A
  14. C
  15. A
  16. C
  17. D
  18. A
  19. B
  20. B
  21. B
  22. B
  23. D
  24. B
  25. D
  26. C
  27. B
  28. A
  29. E
  30. D
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First Exam “Do-over”

I don’t grade the exams in this course on a curve.  You get what you get.

However, I do give you the option of earning some points back.  By tomorrow, you will have your exams returned and you will know what the correct answers are for each problem you got wrong.  I would like you figure out why the right answer was right and then come to my office to explain it to me.  If you do so, I will give you half a point back on your test score for every incorrect answer that you explain correctly.

The deadline for this is next Friday.  That gives you one week to see me.  Do not wait until the last minute.  I will not have enough office hours to see everyone on the last day, so if you are smart, you should do this this early!

Enough said.

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