Rotunda Principles

 

Principle 1: Trade creates value.

 

 

Principle 2: Incentives matter.

 

 

Principle 3: The three sources of economic growth are resources, technology, and institutions.

 

 

 

Key Macroeconomic Data

 

Real GDP Growth:

 

Normal =  3.1% (last 50 years)

 

Recent =  2.8% (4th  qtr. 2011)

 

 

Unemployment Rate:

 

Normal =  6% (last 50 years)    

 

Recent = 8.3% (January 2011)

 

 

Inflation Rate:

 

Normal = 4% (last 50 years)     

 

Recent = 3% (Yr-End December  2011)

 

 

 

 

 

 

ECON 202

Principles of Macroeconomics

Spring 2012

 

 

 

Syllabus and Course Outline

 

 

Lecture Slides

 Trade  (1/19)

 Clicker Questions

 

Constrained Vision  (1/24)

 Clicker Questions

 

Price Theory and Price System  (1/26)

 Clicker Questions

 

GDP I  (1/31)

 Clicker Questions

 

GDP II  (2/2)

 Clicker Questions

 

Unemployment  (2/7)

 Clicker Questions

 

Inflation (2/9)

 Clicker Questions

 

 

 

 

 

 

 

 

Course-Related Links

 

Collab

 

Head TA Website

 

Twitter Feed

 

(Oddly, this link only seems to work if you open in new tab.)

 

 

 

 

 

 

Data Links

 

Bureau of Economic Analysis (BEA)

-GDP data

 

Bureau of Labor Statistics (BLS)

-unemployment and inflation data

 

Office of Management and Budget

 

Congressional Budget Office

 

Economic Report of the President

 

Statistical Abstract of the United States

 

 

Economics Blogs

 

 

Greg Mankiw’s Blog

 

Carpe Diem

 

Marginal Revolution