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Table of Contents

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Program Details

PART 1: INTRODUCTION: THINKING LIKE AN ECONOMIST

1 Economics and Economic Reasoning

2 The Production Possibility Model, Trade, and Globalization

Appendix A: Graphish: The Language of Graphs

3 Economic Institutions

Appendix A: The History of Economic Systems

4 Supply and Demand

5 Using Supply and Demand

Appendix A: Algebraic Representation of Supply, Demand, and Equilibrium

PART 2: MARCROECONOMICS

I MACROECONOMIC BASICS

6 Economic Growth, Business Cycles, and Structural Stagnation

7 Measuring the Aggregate Economy

8 Comparative Advantage, Exchange Rates, and Globalization

II POLICY MODELS

9 The Short-Run Keynesian Policy Model: Demand-Side Policies

9W The Multiplier Model

10 The Classical Long-Run Policy Model: Growth and Supply- Side Policies

10W Advances in Modern Macroeconomic Theory

11 The Structural Stagnation Policy Dilemma

Appendix A: Creating a Targeted Safety Net to Help the Least Well Off

III FINANCE, MONEY, AND THE ECONOMY

12 The Financial Sector and the Economy

Appendix A: A Closer Look at Financial Assets and Liabilities

13 Monetary Policy

14 Financial Crises, Panics, and Unconventional Monetary Policy

IV TAXES, BUDGETS, AND FISCAL POLICY

15 Deficits and Debt

16 The Fiscal Policy Dilemma

V MACROECONOMIC PROBLEMS

17 Jobs and Unemployment

18 Inflation, Deflation, and Macro Policy

VI INTERNATIONAL MACROECONOMIC POLICY ISSUES

19 International Trade Policy

20 International Financial Policy

Appendix A: History of Exchange Rate Systems

21 Macro Policy in a Global Setting

22 Macro Policy in Developing Countries