Download PRINCIPLES OF MACROECONOMICS

PRINCIPLES OF MACROECONOMICS
SPRING 2006
Instructor:
Dr. Abdulhamid Sukar
Time and Place:
MWF 11:00-11:50
Office:
BUS104
Office Hours:
Phone:
MW 10:00 – 11:00
2:00-3:00
TR 10:00-12:30
(580) 581 2845
Course Description:
Principles of macroeconomics is an introductory course that focuses on output and price
determination; employment and unemployment; interest rates; monetary and fiscal
policies; and international economic issues.
Course Objectives
The students will:
1. Understand economic Concepts such as scarcity and opportunity cost.
2. Be able to apply economic models such as supply and demand
3. Develop an understanding of key macroeconomic variables such as output,
inflation, and unemployment.
4. Understand Saving, investment and financial system.
5. Understand how fiscal and monetary policies may be used to stabilize business
cycle.
6. Analyze current economic issues and problems.
7. Understand the process of money creation and the Federal Reserve System.
8. Be able to understand different theories of economic growth, unemployment and
price stability.
9. Understand the basics of international trade and finance
Required
1. N.Gregory Mankiw, Brief Principles of Macroeconomics, 3rd ed. (Thomson/
South-Western, 2004).
2. Registration for Aplia website.
Recommended:
1. David R. Hakes, Study Guide to Accompany Brief Principles of
Macroeconomics, 3rd ed. (Mason, OH: Thonmson/Wouth-Western, 2004).
2. Wall Street Journal.
Assessment
Your grade for this course will be based on your performance on the Aplia
assignments, quizzes, two exams, and the final. There will be weekly assignments on
Aplia. Aplia assignments must be completed by the due date. You will have a
quiz once a week and there is ABSOLUTELY NO make-up quiz. This course will
also include three mid-term exams and a final.
Grading:
The final grade for the class will be determined as follows:
Aplia assignments
Quizzes
Mid-term Exams
Final Exam
15%
15%
40%
30%
Attendance:
You are required to attend all classes and participate in class discussion. You are
responsible for any quiz, assignment or exam in the day you missed class. If you
can’t take exam because of illness or other unforeseen circumstances, please contact
me for a make-up exam.
How to use Aplia Website
You will be using Aplia for this course. Weekly assignments are found on the aplia website.
The aplia site requires a separate registration process. Use the following steps to register:
Your course key is:
WJ8Y-N8NK-ZMMD
First Time Aplia Users:
1.
2.
3.
4.
5.
Connect to http://econ.aplia.com
On the Sign In page, click the Go button next to "Test Your System Configuration";
this takes just a few seconds and provides detailed information on how to update your
system if necessary
Head back to the Sign In page and click the "Register Here" link
Fill out the form and click Continue
Enter Your Course Key (above)
Returning Aplia Users:
1.
2.
Connect to http://econ.aplia.com and sign in using your usual e-mail and password
Enter your course key (above)
Problems with registration or sign in? You can always e-mail Aplia by clicking on the "Help"
link in the upper-right corner of any page or by e-mailing [email protected].
Course Outline
Date
Week ending
Jan 9-13
16-17
23-27
30-Feb3
6-10
Topic
Introduction
Reading Assignments
Chap1
Thinking Like Economist
Interdependence and the Gains from
Trade
The Market Forces of Supply and
Demand
Measuring a Nation’s Income
Measuring the Cost of Living
Exam I
Production and Growth
Chap 2
Chap 3
Chap 4
Chap 5
Chap 6
Chap 7
Saving, Investment, and the
Financial System
The Basic Tools of Finance
Chap 8
20-24
Unemployment and the Natural Rate
Chap 10
27-Mar 3
The Monetary System
Money Growth and Inflation
Chap 11
Chap 12
6-10
Money Growth and Inflation
Exam II
SPRING BREAK
Open Economy Macroeconomics
13-17
13-17
20-24
27-31
Apr 3-7
10-14
17-21
17-21
24-28
A Macroeconomic Theory of the
Open Economy
Aggregate Demand and Aggregate
Supply
Aggregate Demand and Aggregate
Supply
The Influence of Monetary and
Fiscal Policy on Aggregate Demand
The Short-Run Trade-off Between
Inflation and Unemployment
Five Debates Over Macroeconomic
Policy
Chap 9
Chap 13
Chap 14
Chap 15
Chap 15
Chap 16
Chap 16
Chap 17