Download ECON 103-B Principles of Macroeconomics: Income and

ECON 103-B Principles of Macroeconomics: Income and Employment
Instructor: Praopan Pratoomchat Email: [email protected]
Class Time: Tue/Thu 9.30-10.50am DANA 300
Office: Pattengill Hall Rm 273
Office Hours:
Monday: 10.00am-12.00pm
Tuesday, Thursday: 3.00-5.00pm
Course Objective:
Students understand the basic concepts of Macroeconomics, including definition and reasoning of
economics, the basic problem of the society, technical terms that are used in the Macroeconomic studies,
aggregate demand and supply and the equilibrium. Students learn and be able to apply theories with the
real world situation by systematically logic so they can explain major economic issues in the United States,
such as economic growth, employment, and inflation. Students discuss the causes and consequences of
fluctuations in income, employment, and inflation, and analyze fiscal and monetary policies designed to
correct them. ECON 101 is helpful preparation, but not required.
Main Textbook: Mankiw, G. (2015), Principles of Macroeconomics, 7th ed., Cengage Learning. (Used or ebook is fine)
ISBN-13:978-1-285-16591-2
Course Requirements and Grading:
Homework
30%
Term Paper
10%
Midterm Exam
30%
Final Exam
30%
Grading Schedule:
A
90-100%
A-
85-85.9%
B+
80-84.5%
B
75-79.9%
B-
70-74.9%
C+
65-69.9%
C
60-64.9%
C-
55-59.9%
D+
50-54.9%
D
45-49.9%
D-
40-44.9%
E
0-39.9%
Academic Integrity
Academic integrity is fundamental to learning, scholarship, and indeed all dimensions of academic life. At
its simplest, this means that the work you submit must be your own unless collaboration is specifically
allowed, that you use only those resources allowed; that you express yourself in your own words unless
you are quoting, and that you properly acknowledge and cite the ideas, information, and other work that
you used or that contributed to your understanding.
Your academic work is governed by The Bates College Statement on Academic Integrity, found here at:
http://www.bates.edu/entering/policy/judicial-affairs/code-of-student-conduct/academicmisconduct/, and by any additional standards I set in this syllabus or in individual assignments.
The Statement on Academic Integrity provides a fuller discussion of academic integrity and definitions of
plagiarism, misuse of sources, and cheating. You are responsible for reading the Statement carefully and
abiding by its terms.
In this course you are not permitted to give or receive help of any kind during examinations or
quizzes. Included in this prohibition is the use of cell phones for any purpose during an examination or
quiz. Cell phones should be turned off and left in your backpacks at the front of the exam room or, better
yet, left in your dorm rooms during the exam or quiz. If I see you consulting a cell phone, I will assume
you are using it to receive help on the examination.
Outside of the examinations and quizzes, I encourage you to work together in study groups and help each
other understand the concepts. While figuring out the problem sets/homework as a group is also
permissible, I expect that the final analysis and answers will be your own work.
Violations of academic integrity are serious and can result in severe consequences at both the course and
college levels. Depending on the circumstances of the violation, I will assign a failing grade for the
examination and/or the course, and/or impose other consequences at my sole discretion; in addition, I
will refer the matter to the Dean of Students for possible institutional action. Procedures for suspected
violations are explained here: http://www.bates.edu/entering/policy/judicial-affairs/.
Tentative Schedules:
Week 1
Thu, Sep 10th, 2015
ECON 103 Course Syllabus
How people make decisions, how the economy as a whole works, thinking
like an economist
Week 2
Tue, Sep 15th, 2015
Chapter 4 The Market Forces of Supply and Demand
Thu, Sep 17th, 2015
Chapter 6 Supply, Demand, and Government Policies
Week 3
Tue, Sep 22nd, 2015
Chapter 7 Consumers, Producers and Efficiency of Markets
Thu, Sep 25th, 2015
Chapter 8 The Cost of Taxation
Week 4
Tue, Sep 29th, 2015
Chapter 10 Measuring a Nation’s Income
Thu, Oct 1st, 2015
Chapter 11 Measuring The Cost of Living
Week 5
Tue, Oct 6th, 2015
Chapter 12 Production and Growth
Thu, Oct 8th, 2015
Chapter 13 Saving, Investment, and the Financial System
Week 6
Tue, Oct 13th, 2015
Midterm Review
Thu, Oct 15th, 2015
Midterm Exam
Week 7
Tue, Oct 20th, 2015
Chapter 13 Saving, Investment, and the Financial System
Thu, Oct 22nd, 2015
Fall Recess
Week 8
Tue, Oct 27th, 2015
Chapter 15 Unemployment
Thu, Oct 29th, 2015
Chapter 16 The Monetary System
Week 9
Tue, Nov 3rd, 2015
Chapter 17 Money Growth and Inflation
Thu, Nov 5th, 2015
Chapter 18 Open-Economy Macroeconomics: Basic Concepts
Week 10
Tue, Nov 10th, 2015
Chapter 19 A Macroeconomic Theory of the Open Economy
Thu, Nov 12th, 2015
Chapter 19 A Macroeconomic Theory of the Open Economy
Week 11
Tue, Nov 17th, 2015
Chapter 20 Aggregate Demand and Aggregate Supply
Thu, Nov 19th, 2015
Chapter 20 Aggregate Demand and Aggregate Supply
Week 12
Tue, Nov 24th, 2015
Thanksgiving Recess
Thu, Nov 26th, 2015
Thanksgiving Recess
Week 13
Tue, Dec 1st, 2015
Chapter 21 The Influence of Monetary and Fiscal Policy on Aggregate
Demand
Thu, Dec 3rd, 2015
Chapter 21 The Influence of Monetary and Fiscal Policy on Aggregate
Demand
Week 14
Tue, Dec 8th, 2015
Chapter 22 The Short-Run Trade-off Between Inflation and
Unemployment
Thu, Dec 10th, 2015
Final Exam Review
Week 15
Tue, Dec 15th-Sat, Dec 19th, 2015
Final Exam