Download ECON 201-100 Principles of Macroeconomics

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Principle$ of Econa:nics
Economics 201- 4(Macro)
Section 100, ~-10:00
Room: Educ. 220
Rajuirai texts:
I.
University of Colorado
Spring, 1983
Reza Rarrazani
Office : EB 218
Office hours : M-vF 11 :00-12:00,
MW 1: 00-3 : 00; & by appointment
Office phone : 492-6653
Home phone :
443-2966
'Edwin G. Dolan, Basic Macroecona:nics, 3rd ed. , The Dryden Press, 1983. (D)
Leonard Silk, Econanics in Plain English, 1st e::1 . , Simon & Schuster,1979.(S) .
Course Description
Econanics 201 is an introduction to rnacroeconanic theory. As such, it will not undertake to survey all the topics included in the discipline nor will be pursue any one topic
in great detail . The aim of the course is t o provide the student with an overview of the
econany examining the flow of income and GNP as well as the factors determining the level
of employment, incare, rroney, credit, and prices . Frequent reference will be made to current
econanic problems and policies.
II. Course Objective
By the end of this course it is expected that the student be able to demonstrate the
following abilities:
1.
2.
3.
Concepts: Recognize and define basic econanic concepts such as : market system,
denian::1, supply, equilibriurn,opportunity cost, efficiency, unarployment, inflation,
rronetary, fiscal policy.
Theory:
(a) Identify and describe basic econcmic rrodels such as supply, demand, and
perfect competition.
(b) Discuss the theoretical developnent of concepts such as the supply curve and
the demand curve and identify the principal assumptions on which these
concepts are based .
(c) Discuss with r eference to both economic theory and your knowledge of the U.S.
economy, the statement that "private self-interest, allowed relatively free
play, would foster the economic welfare of society as a whole."
Application : Apply appropri ate econa:nic mcx:lels to the analysis and evaluation of
econornic events .
III. Recitation Section: In addition to the three lectures per week, everyone is required
to attend a recitation section which meets for 50 minutes once a week. Sane short
quizes will be given in recitation sections .
IV. General Ccnm:mts :
Students may find it helpful to get in the habit of reading econcmics news. It is
an excellent way of reinforcing the theory discussed in class. The two best daily sources
are the Wall Street Journal and the New York Tirres . Often gocrl articles can also be found
in local newspapers . 'Iwo other useful sources are Business Week and Fortune.
++ There will be two one-hour examinations, one on each of the following
dates :
FEBRUARY 21
APRIL 4
FINAL EXAMINATION - MJNDA.Y, May 16, 1983 .
..
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Economics 201-4
Reza Ram3.zani
Spring, 1983
V.
Grading Policy:
1st midtenn
2nd midterm
Recitation Quizes and
attendance
Final exam
100 :i;x:,ints (20%)
100 :i;x:,ints (20%)
100 :i;x:,ints (20%)
200 :i;x:,ints {40%)
Final grades will be determined on the basis of total points.
Week of:
January 19
January 24
January 31
February 7
February 14
February 21
February 28
March 7
March 14
March 21
March 28
April 4
Topic
Reading Assignment
Introduction and Nature of Econanic Problems
(D)
The Ecancmic Way of Thinking-The Price System
Supply and Demand: The Basics
Private Business in the U.S . Economy
The Role of Government in the U. s. Economy
The Circular Flow of Ina::m2 and Product
Measuring National Incare arrl Product
Detennination of Income and ExpenditureSirrple Keynesian MJdel
(D)
Fiscal Policy and the Management of
Aggregate DerPand
M)ney and the Banking System
The Money Supply and its Control by the
Federal Reserve
The Demand. for Money and the M)ney Market
Spring Vacation
The Interaction of .Monetary arrl Fiscal Policy
Changes in Prices and Real output: An overview
(D)
(D)
Ch. l; (S) Ch. 1,2,3
Ch. 2; (S) Ch. 4
Ch. 3; (S) Ch. 5
Ch. 4
Ch. 5; (S) Ch. 8
Ch. 6; (S) Ch. 9
Ch. 7; (S) Appendix
(D)
Ch. 8
(D)
Ch. 9
Ch. 10
(D)
(D)
(D)
(D)
(D)
(D)
(D)
(D)
Ch. 11
Ch. 12
Ch. 13; (S) Ch. 6
Ch. 14
Ch. 15
A Closer Look at Unerrployrnent
The Dynamics of Inflation
A Critique of Demand Management Policy
(D)
(D)
April 18
Beyond Demand M3.nagernent
The Ecananics of Population and Developnent
(D)
(D)
April 25
International Trade and Corrparative Advantage
(D)
Ch.
Ch.
Ch.
Ch.
Ch.
May 2
The Balance of Payirents and the International
.Monetary System
(D)
Ch. 23; (S) Ch. 7
April 11
May 9
REVIEW
(D)
16
17
18
21;
(S)
Ch. 11
22