Download university of indianapolis, athens campus

SCHOOL OF BUSINESS
1. IDENTIFYING INFORMATION
Course number and title: ECON-211-01-SUI13 Intermediate Macroeconomics
Semester: Summer Session I, 2013 - Credits: 3
Lecture days and hours: Monday, Tuesday Wednesday, Thursday and Friday from 16:00pm to 17:50pm
Building: Ipitou 9
Classroom: Room 4TH “A”
2. INSTRUCTOR’S INFORMATION
Instructor’s Name: Konstantinos Kanellopoulos
Office hours: upon appointment at the Faculty Offices
E-mail address: [email protected]
URL address: http://kanellopoulos.wordpress.com
3. DESCRIPTION OF THE COURSE AND PREREQUISITES
This course provides an analysis of an economy in the context of a model that describes the
workings of demand and supply sides of a national economy with linkages to international
markets. Application of theory is emphasized. It extents on the treatment of the macroeconomics
course ECON 111, which covered the introductory tools necessary in analyzing the workings of
an economy, such as determination of gross national product, inflation, unemployment.
Prerequisite: ECON-111.
4. COURSE OBJECTIVES
The purpose of this course is to examine those factors that determine the level of income, output,
and employment in the aggregate economy. Short run economic fluctuations and long run
economic growth will be given a good deal of attention. Government policies, their strengths and
limitations will be discussed extensively.
5. ESSENTIAL LEARNING OUTCOMES
The following learning outcomes should be achieved, i.e. the understanding of the
interrelationship between economic applications and their scientific reasoning through the
enhancement of effective communication and teamwork, the development of critical thinking
and problem solving abilities, the enhancement of intercultural knowledge and competence,
ethical reasoning and action, and the application of the knowledge and skills to complex
economic issues.
6. TEACHING METHODS
In order to effectively reach the course objectives and develop the skills of the students, the
teaching methods that will be used consist of interactive teaching by the tutor where participation
from the class is highly encouraged and tutorial sessions where questions will be answered and
problems from the textbook will be solved. The latter will provide a framework to students in
order to enhance their problem-solving capabilities.
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7. COURSE INFORMATION
The basic textbook for the course is “Macroeconomics”, Eleventh Edition, by Dornbusch,
Fischer and Startz, McGraw-Hill International Edition. Additional material will be given by the
lecturer and this may include lecture handouts, published articles, manuscripts etc. A student
should make free use of any web site as a source of information, as long as this information is
adequately referenced in his (her) assignment work.
Please be informed that the ordering of the required textbooks is the students' responsibility.
Students will be able to order the textbooks through "amazon.com", the publishers' electronic
bookstores (print versions or e-books) and local bookstores (advanced purchase). Students can
use www.coursesmart.com or www.freebookspot.es to order text books. They can download in
reasonable price (less than 10E) electronic textbooks through Kindle Software. Kindle
Software is free of charge and it covers more than a million e-books. For more information you
can visit: www.amazon.com/gp/feature.html/ref=kcp_pc_mkt_lnd?docId=1000426311. Please,
consult UIndy Athens Librarian for more details.
8. COURSE REQUIREMENTS
Required readings in the form of notes/printed presentations will be provided in class when
necessary. The requirements for passing the course consist of (a) three courseworks (b) one
group project and (c) one class examination (final exam). The final exam will consist of a
combination of multiple-choice questions, true-false questions, short-answer questions, and
numerical financial problems from the material covered in class or from the textbook.
9. ATTENDANCE
Class attendance is mandatory. Each student should be punctual and respect the class timetable.
Should the student fail to attend 3 classes without any sufficient justification, he (or she)
becomes liable to be dropped from the class by administrative decision, an act known as
Administrative withdrawal. Late submission of work will result to downgrading in marking
unless there is a sufficient justification – in writing – for doing so. Students should demonstrate
their own work. The policy for suspected plagiarism (copying) is very severe and it may provoke
penalties. A student should also demonstrate self-respect by turning off his (or her) mobile
before entering the class. No food or drinks will be allowed in the class.
10. ASSIGNMENTS, DUE DATES AND GRADING SYSTEM
A description of the assignments and their relative weightings of each one that count towards the
final grade are presented below:
Assessment methods
Attendance / Participation
Coursework 1
Coursework 2
Coursework 3
Group project
Final exam
Duration
~20 minutes each presentation
110 minutes
Relative weight
10%
15%
15%
15%
20%
25%
A student’s letter grade will be assigned on the basis of the following scale:
Grading Scale:
A
94-100
A90-93
B+
87-89
B
BC+
C
84-86 80-83 77-79 74-76
2
C70-73
D+
67-69
D
D64-66 60-63
F
0-59
11. DISABILITIES STATEMENT
Of the students who enter the UIndy Athens, some might have disabilities. Reasonable
accommodations are made on an individual basis to ensure that students with disabilities have
equal access to the same educational programs and activities as other students. It is the
responsibility of a person with disabilities to seek available assistance and establish their needs.
12. SCHEDULE OF LECTURES
The schedule of lectures is outlined in 12a and 12b. Minor changes may be made due to your
instructor’s professional obligations but they will be announced in advance.
12a. Course Contents
Week
Topics
Chapters
1
National Income Accounting – Financial Markets and Asset Prices – Money,
Interest and Income – Tutorials (10 & 18) – Coursework 1 handout
Aggregate Supply and Demand – Aggregate Supply: Wages, Prices and
Unemployment – Policy Preview – Income and Spending – Coursework 1
due – The Anatomy of Inflation and Unemployment – The Demand for
Money – Coursework 2 handout – Group project handout
Tutorials (7 & 15) – Growth and Accumulation – Growth and Policy –
Consumption and Saving – Investment Spending – International linkages –
Coursework 2 due – Coursework 3 handout
Tutorials (4 , 13 &14) – Coursework 3 due – Group project presentations
– Review of Chapters (3, 4, 7, 12, 13, 14, 15) for the Final Exam – Final
Exam
2, 18, 10
2
3
4
3
5,
6, 8, 9, 7, 15
3, 4, 13, 14,
12
-
12b. Tentative Schedule
Week
Monday
Tuesday
Wednesday
Thursday
Friday
June 3
Chapter 2
June 4
Chapter 18
June 5
18 Annual Commencement
No classes
June 6
Chapter 10
June 7
Chapters 10 & 18 –
(tutorials) – Coursework
1 handout
June 10
Chapters 5 & 6
June 11
Chapter 8
June 12
Chapter 9 – Coursework 1
due
June 13
Chapter 7
June 14
Chapter 15 –
Coursework 2 handout –
Group project handout
June 17
Chapters 7 & 15 –
(tutorials)
June 18
Chapters 3 & 4
June 19
Chapters 13
June 20
Chapter 14
June 21
Chapter 12 –
Coursework 2 due –
Coursework 3 handout
June 24
Whit [Holy Spirit] Monday
No classes
June 25
Review of Chapters (3,
4,7,12,13,14,15) for the
Final Exam
June 26
Coursework 3 due –
Group project presentations
June 27
June 28
Final Exam
1
th
2
3
4
4
13. STUDENT RESPONSIBILITIES
There will be no make-up tests. The assessment of a student’s course performance will be based
upon the exam results, the outcome of the courseworks and the group project, but other factors,
such as class participation, timeliness in the delivery of assignments, general attitude, and regular
class attendance will also be counted positively towards the final assessment. Please note that
students unable to attend class, take the exams and complete homework assignments must
withdraw from the class.
14. ACADEMIC DISHONESTY
Academic dishonesty consists of any deliberate attempt to falsify, fabricate or otherwise tamper
with data, information, records, or any other material that is relevant to the student's participation
in any course, laboratory, or other academic exercise or function.
Academic integrity is the cornerstone of a university education. All members of the community
are expected to report observed instances of cheating, plagiarism, and other forms of academic
dishonesty.
Some Important Administrative Dates:
Add-Drop Period: 3-4 Jun.
Last Day of Classes: 26 Jun.
Last Day for Academic Withdrawal: 21 Jun.
Final Examination Period: 27 Jun - 28 Jun.
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