- Unit 1A: Basic Economic Concepts
- Unit 1B: Introduction to Trade
- Unit 2A: Measuring the Economy: Economic Goals
- Unit 2B: Aggregate Expenditures Model
- Unit 2C: Aggregate Demand-Aggregate Supply Model
- Unit 3: Fiscal Policy
- Unit 4: Money & Banking
- Unit 5: Monetary Policy
- Unit 6: Long-Run Revisited
Unit 3: Fiscal Policy
Now that we know how the macroeconomy works with regard to Aggregate Demand and Supply, it is time to see what type of impact the Federal Government can make on the outcomes by using the power of the purse. Simply by planning their spending and taxing schemes, the Federal Government can manipulate how people make choices when spending their income and how businesses make choices when choosing how much to produce. But, what will happen if the economy does not go according to the government's budgetary plans?
Online Textbook Resources
Unfortunately, due to the age of the textbook, the publisher has removed all online content associated with our textbook. While we will use the book as an important source, the links given therein are no loner functioning. As a result, I will look online for other sources related to the topics in our text. Likewise, I encourage you to let me know of any useful websites that you come across in your studies so that I may add them to the site and share with everyone.
Online notes/summary of the McConnell & Brue 15th edition.
Link to Quizlet! Vocabulary is the key to understanding any subject. Once you can break down the barrier of language the ideas and concepts are wide open. Here you can find the vocabulary for the unit to practice by using online flash cards and by practicing online generated vocabulary quizzes.