Download HECO 408: Special Topics in Economics

ECON 212: Intermediate Macroeconomics
Fall 2016, Department of Economics
Emory University
Meeting Time: Section 1: M.W.F. 10:00 am -10:50 am
White Hall, Room # 102
Instructor:
Office:
Phone:
Office Hours:
Email:
Dr. Mona Ray
310A Rich Building
404 727-3279
M. W. F: 11.30am -1.00pm or by appointment
[email protected]
Prerequisites: This course requires ECON_OX 100 or ECON 101 or BUS 201 AND ECON
112 or ECON _OX112 AND MATH 111, or MATH OX 111 MATH 119 or MATH 115 or
MATH 116 or MATH_OX 180 or MATH_OX 110A/B or equivalent transfer credit as a
prerequisite.
Course Objective: This course analyzes the overall performance of economic systems including
output and unemployment levels, inflation, savings and investment, economic growth,
international finance, exchange rate, and the effects of monetary and fiscal policies in an open
economy. This course will help the students develop analytical skills using macroeconomic tools
for analyzing government policy effects on the economy as well as the international market.
Required Text: Macroeconomics, 9th ed., by N. Gregory Mankiw, Worth Publishers
Use the following link to register for the course assignments and other resources on LaunchPad.
http://www.macmillanhighered.com/launchpad/mankiw9e/3729607
Course Requirement: Econ 212 is taught through a combination of lecture, discussion,
homework, quizzes and examinations. Throughout the semester there will be three tests as
scheduled in the attached course schedule and a final exam. In-class pop quizzes will be
administered throughout the semester. These quizzes will not only help you improve grade but
also used as random attendance checking. Therefore, regular class attendance is very important.
In addition, there will be homework assigned from time to time which will be credited as bonus
points. However, to be considered for bonus points the assignments have to be turned in by the
due dates. In cases of valid excuses, you get two class periods’ time to make up for that
assignment. All homework will be assigned on LaunchPad. No make-ups for the exams will be
allowed.
Expected Student Learning Outcomes: After completing the course the students should be
able to
1. Distinguish between microeconomics and macroeconomics analysis
2. Use graphical analysis to explain economic theories and phenomena
3. Use National Income Accounting system to measure the performance of any economy
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4. Explain the relationships between the business cycle, inflation, recession and
unemployment.
5. Calculate and interpret price indexes as measures of inflation and deflation.
6. Demonstrate an understanding of the Classical and Keynesian Model
7. Distinguish between Fiscal and Monetary Policies
8. Demonstrate an understanding of the role of money, the financial institutions and the
Central Banking system of any economy
9. Understand and explain the effect of international trade and currency exchange rates in
world economies.
10. Distinguish between different economic systems
11. Describe the macroeconomic policies in transitional and developing countries
12. Demonstrate their ability to define, critique, and analyze economic problems using
algebraic and statistical methods.
Grading and Attendance Policy: For real learning to take place, you must first be intellectually
humble, open and courageous. After all, that is why we are all at this institution. I expect you to
act in ways that reflect those values. No student will be allowed into the class after 5 minutes
of class starting time. If you are going to be late or have to leave early on a particular day, for a
valid reason, please let me know in advance.
All assignments are to be turned in by the due date. However, in cases of valid excuses you get
two class periods’ time to make up for that assignment Your passing grade for this course is D or
higher and will depend on the following rough weighting scheme:
Quiz
Homework
Test 1
Test 2
Test 3
Final Exam
Grading Scale:
A: 94 to 100
A-: 90 to 93.99
B+: 87 to 89.99
B: 84 to 86.99
B-: 80 to 83.99
C+: 77 to 79.99
C: 74 to 76.99
C-: 70 to 73.99
D+: 67 to 69.99
D: 60 to 66.99
15%
Bonus
20%
20%
20%
25%
F: 59.99 and below
There will be no curving in any of the exam grades. No make-ups for the exams will be
allowed. No incompletes will be given.
Academic Honesty and Classroom Etiquettes
You are expected to adhere to the provisions of the Honor Code of Emory College. Suspected
cases of academic misconduct will be handled according to the Honor Code, which can be found
at http://www.college.emory.edu/current/standards/honor_code.html
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No Student will be allowed to audio and/or videotape my class lectures without disability
accommodations.
All cell phones should be switched off and tucked in your bag once you are inside my
classroom. During test periods, you have to bring a regular calculator and not use any
other electronic device as a calculator.
Contribute fairly to group work. Always cite reference materials that you use (including
materials from the Internet). Do not plagiarize or as pass off the work of others as your
own. Examples of plagiarism include but are not limited to “cutting and pasting”
information off the Internet. When in doubt, err on the safe side.
I expect all students in my class to maintain classroom etiquettes – no inappropriate
attires, indecent behavior and talks will be tolerated in the classroom.
Cheating or using unfair means to answer exams will be heavily penalized and will result
in ‘F’ grade.
Disability:
Students with disabilities are encouraged to register with the Office of Disability Services (ODS).
After that, you can come to see me and discuss accommodations and other special needs.
Important Dates:
First Day of Class: Wednesday August 24, 2016
Last day to add/drop a class is Friday August 31, 2016
Labor Day Holiday: Monday September 5, 2016
Fall Break: Monday & Tuesday, Oct 10 & 11, 2016
Thanksgiving Holiday: November 23- 25, 2016
Last Day of class: Thursday, December 6, 2016
Tentative Course Outline: The course syllabus is not a contract between instructor and student,
but rather a guide to course procedures. The instructor reserves the right to amend the syllabus
when conflicts, emergencies or circumstances dictate and students will be duly notified. The
tentative chapter sequences are as follows:
Chapter 1 – The Science of Macroeconomics
Chapter 2 – The Data of Macroeconomics
Chapter 3 – National Income: Where I comes from and where it goes
Chapter 7 – Unemployment and the Labor Market
Chapter 4 – The Monetary System: what it is and how it works
Chapter 5 – Inflation: Its causes, effect, and social costs
Chapter 10 – Introduction to Economic Fluctuations
Chapter 11 –Aggregate Demand I: Building the IS-LM model
Chapter 12 – Aggregate Demand II: Applying the IS-LM model
Chapter 14 – Aggregate Supply and the Short-Run Tradeoff Between Inflation and
Unemployment
Chapter 6 – The Open Economy
Chapter 13 - The Open Economy Revisited: The M-F model and the Exch.-Rate Regime
Chapter 19 – Government Deb and Budget Deficits
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More Supplemental Reading assignments may be posted on Blackboard throughout the semester.
Intermediate Macroeconomics– ECON 212-01 Fall 2016
CRN: 1488
MONTH
DATE CLASS DAY
TOPIC
August
24
1
W
Introduction
26
2
F
Chapter 1
29
3
M
Chapter 2
31
4
W
Chapter 2
September
2
5
F
Chapter 2
5
X
M
Labor day holiday
7
6
W
Chapter 3
9
7
F
Chapter 3
12
8
M
Chapter 3
14
9
W
Chapter 7
16
10
F
TEST 1
19
11
M
Chapter 7
21
12
W
Chapter 7
23
13
F
Chapter 4
26
14
M
Chapter 4
28
15
W
Chapter 4
30
16
F
Chapter 5
October
3
17
M
Chapter 5
5
18
W
Chapter 5
7
19
F
TEST 2
10
M
Fall Break
12
20
W
Chapter 10
14
21
F
Chapter 10
17
22
M
Chapter 10
19
23
W
Chapter 11
21
24
F
Chapter 11
24
25
M
Chapter 11
26
26
W
Chapter 12
28
27
F
Chapter 12
31
28
M
Chapter 12
November
2
29
W
Chapter 14
4
30
F
TEST 3
7
31
M
Chapter 14
9
32
W
Chapter 14
11
33
F
Chapter 6
14
34
M
Chapter 6
16
35
W
Chapter 13
18
36
F
Chapter 13
4
ASSNMTS
HW 1 ASN
HW1 DUE
HW 2 ASN
HW 2 DUE
HW 3 ASN
HW 3 DUE
HW 4 ASN
HW 4DUE
21
37
M
38
39
40
41
M
W
F
M
Chapter 13
Thanksgiving
Holiday
Chapter 19
Chapter 19
Chapter 19
Last Day-Wrap Up
TH
FINAL EXAM
23-25
December
28
30
2
5
8
5
3.00p- 5.30p