Survey
* Your assessment is very important for improving the workof artificial intelligence, which forms the content of this project
* Your assessment is very important for improving the workof artificial intelligence, which forms the content of this project
Principles of Macroeconomics ECON 2020-020 Spring 2004 Instructor: Stephanie Martin Office phone: (303) 492-2648 Class Time: MWF 10:00- 10:50 am Office: Economics 313 Class Location: Humn 150 Office Hours: Mon 9:00 am to 10:00 am, W 11:00 am-1:00 pm, Email: [email protected] email is my preferred method of contact, please email me with questions or to set up appointments Class website: http://ucsu.colorado.edu/~smm Course Description This course is an introduction to the principles and tools of macroeconomic analysis. You should have had Microeconomics previously in order to register for this course, so you understand the keys issues in individual decision making. In Macroeconomics we will be investigating the main topics of the total economy how governments make choices. Specifically, we are going to be investigating economic output, unemployment and inflation. Our goal will be to develop a clear understanding of the these important concepts and to analyze how the economy functions and the roles of government in facilitating economic growth. This new understanding can help guide us in thinking about a wide variety of public policy issues. Course Text The required text for the course is Principles of Macroeconomics ,2nd Edition by Gregory Mankiw. We will cover a great deal of information, and I strongly urge you to read the chapters before we cover them in class and then reread the more difficult concepts again after they have been covered in lecture. It is imperative that you keep up with all assignments in order to successfully complete this class. This text is accompanied by a cd-rom with exercises, a website with tutorials and additional readings. Fully utilizing all of these resources will be the best way to ensure your success in this class. _______________________________________ Grading Exams There will be two midterm exams each worth 20%, a final exam worth 40% of your overall class grade. The final will be cumulative. THERE WILL BE NO MAKE-UP EXAMS FOR MIDTERMS. If you have a conflict with the final exam date you must contact me for alternate arrangements within the first two weeks of the semester. It may be possible to drop one of your midterm grades if your final grade is higher. Your class grade will be calculated as stated above and also with your lowest midterm dropped and your final will count for 60% of your grade; the higher of these two scores will be your final class grade. Homework: There will be several Homeworks assigned throughout the semester and these will be posted on the class website. The Homeworks will be turned into Lecture on the due date at the top of the homework. There are NO makeup opportunities for the homework. They will be posted with ample time for their completion before the due date and there is no excuse for not completing them. If for any reason you miss lecture on the homework due date you must either send your homework with a classmate or email me your answers. Homework will be graded by your TA and will constitute 10% of your class grade. Recitation: Recitation will account for 10% of your class grade. How your grades are determined in recitation is at the discretion of your Teaching Assistant who should explain this method to you during the first week of recitation. Please note that there are NO recitations during the first week of classes, recitations commence on January 20th. Important Notes : Honor Code: It is expected that you understand CU Honor Code and will abide by it for all quizzes and exams. Go to http://www.colorado.edu/academics/honorcode/ Honor Code: “On my honor, as a University of Colorado at Boulder student, I have neither given nor received unauthorized assistance on this work.” Religious Observance Accommodations: If you have a conflict between religious observance dates and course examinations or assignments, you must notify me two weeks in advance so that your needs may be addressed. Disability Accommodations: If you qualify for accommodations because of a disability, this includes extended time on exams, please submit a letter to me from Disability Services (DS) early in the semester so that your needs may be addressed. DS determines accommodations based on documented disabilities (303-492-8671), Willard 322,www.colorado.edu/sacs/disabilityservices). My Policies: I and your TAs are available during office hours and private appointments to assist you. However, before you come to see us, make sure that you are adequately prepared, this means that you have read the part of the chapter discussing the material that you do not understand, and have at least attempted the homework or worksheet problems that you have questions about. Course Outline The outline of topics set below is an ambitious schedule. The three dates for exams are set and will not be changed, however, the descriptions below should be thought of as an approximate roadmap of the topics that will be covered on each exam. Weeks 1-6 (Chapters 1, 2, 4, 10-13) • • • • • • • Ten Principles of Economics Thinking Like an Economist Review of The Supply and Demand Model Measuring a Nation's Income Measuring the Cost of Living Production and Growth Saving, Investment,and the Financial System MID-TERM EXAM I, Monday, February 23, 2004 Weeks 7-12 (Chapters14-20) • • • • • • • • Unemployment and Its Natural Rate The Rise and Fall of Industries The Monetary System Money Growth and Inflation Open-Economy Macroeconomics: Basic Concepts A Macroeconomic Theory of the Open Economy Aggregate Demand and Aggregate Supply The Influence of Monetary and Fiscal Policy on Aggregate Demand Two Models of the Macro Economy and Economic Growth MID-TERM EXAM II, Friday, April 16th, 2004 Weeks 13-15(Chapter 21) • • The Short-Run Tradeoff between Inflation and Unemployment Policy Debates for Extra Credit (if time permits) FINAL EXAM, Wednesday, May 5, 2004 from 10:30 am to 1:00 pm.