| 1 | National Income; Income and Expenditure, measurement of Gross Domestic Product (GDP), Consumption, Investment. |
| 2 | Production and Growth; Economic growth, Productivity, Production Function, Economic Growth and Public Policy, Saving, Investment and Financial System. |
| 3 | Unemployment; measurement of unemployment, wages, unions and collective bargaining. |
| 4 | Unemployment; measurement of unemployment, wages and differences in gender, public policy and job search, the theory of efficiency wages. |
| 5 | The monetary system; money, functions and history of money, federal reserve system, banking and money system. |
| 6 | Money growth and inflation; value of money and demand and supply of money, inflation and cost of inflation. |
| 7 | Open economy macroeconomics; international flow of goods and capital, flow of financial resources, saving and inflation of international flow. |
| 8 | Prices of international transactions; exchange rates, real and nominal exchange rates, purchasing power parity. |
| 9 | Midterm exam |
| 10 | Macroeconomic theory of open economy; equilibrium of open economy, net capital outflow, equilibrium in two markets, effects of policies and events to the open economy.
Aggregate demand and supply; demand and supply curves, short run economic fluctuations. |
| 11 | Monetary and fiscal policy; interest rates in short and long run, money supply. |
| 12 | Fiscal policy and stabilizing the economy; fiscal policy influences, changing in government behaviors. |
| 13 | The short-run trade-off between inflation and unemployment; the Phillips curve, shift in Phillips curve, cost of reducing inflation. |
| 14 | Review for the exam. |
