Pacing

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The Introduction to Macroeconomics textbook contains sixteen modules—roughly one module per week for a sixteen-week semester. Many choose not to teach every module, so sometimes fewer modules are covered during a semester. Although all the modules are similar in size and depth (aside from the first, introductory module which is more brief), some of the modules work well together and could easily be combined. Some modules may also be drawn out to cover more than one week. Some modules that work well together include:

  • Module 1: Economic Thinking and Module 2: Choice in a World of Scarcity
  • Module 3: Supply and Demand and Module 4: Applications of Supply and Demand OR
  • Module 4: Applications of Supply and Demand and Module 5: Elasticity
  • Module 12: Money and Banking and Module 13: Monetary Policy
  • Module 15: Globalization and Trade and Module 16: Exchange Rates and International Finance

These modules are sometimes excluded, depending on faculty preferences or if the concepts are taught in microeconomics instead:

  • Module 5: Elasticity
  • Module 10: The Income-Expenditure Model 
  • Module 15: Globalization and Trade
  • Module 16: Exchange Rates and International Finance

Course Modules:[1]

  • Module 1: Economic Thinking*
  • Module 2: Choice in a World of Scarcity*
  • Module 3: Supply and Demand*
  • Module 4: Applications of Supply and Demand*
  • Module 5: Elasticity*
  • Module 6: Macroeconomic Measures: GDP and Economic Growth
  • Module 7: Macroeconomic Measures: Unemployment and Inflation
  • Module 8: The Aggregate Demand-Aggregate Supply Model
  • Module 9: Keynesian and Neoclassical Economics
  • Module 10: The Income-Expenditure Model
  • Module 11: Fiscal Policy
  • Module 12: Money and Banking
  • Module 13: Monetary Policy
  • Module 14: Policy Application
  • Module 15: Globalization and Trade*
  • Module 16: Exchange Rates and International Finance*

 


  1. *Starred modules are included in both the Lumen Microeconomics and Macroeconomics courses