Download ECON 201-200 Principles of Macroeconomics

V
(
Reza Ramazani
Office: EB 313
Office Hours: MWF 9 : 00-10:00,
and by appointment
Office Phone: 492-6948
Hane Phone :
443-2966
I
Required texts:
University of Colorado
Fall, 1983
FILE
COF~
.Economics 201-·4 (Macro)
Section 200, MvE' 8:00
lb:!n: Gugg. 201
Edwin G. Iblan, Basic .Macroeconornics, 3rd ed •., The Dryden Press,
1983. (D)
:Ebbert B. carscn, Macroeconornic Issues. Today, 3rd ed., St • .Martin's
Press, 1983. (C)
Optional text:
Edwin G. Iblan,. Stu:iy Guide to accanpany Basic Econanics, 3rd ed.,
The Dryden Press, 1983.
I. Course Description.
Eronornics 201 is an introouction to macroeconc:mic theory. As such, it will not
undertake to survey all the topics included in the discipline nor will~ pursue any one
topic in great detail. The aim of the oourse is to provide the stu::1ent with an overview
of the economy examining the fla,; of incnne and GNP as well as the factors detennining
the level of ernployrrent, 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 stu::1ent be able to derronstrate the
folla,;ing abilities:
1. Concepts: Recognize and define basic economic concepts such as: market system,
demand, supply, equilibriwn, opportunity cost, efficiency, unemployrrent, inflation, rronetary, fiscal policy.
2. Theory:
(a) Identify and describe basic econcrnic rrodels such as supply, demand, and
perfect oorrpetition.
(b) Discuss til= theoretical developnent of roncepts such as the supply curve and
the demand curve and identify the principal asStm!ptions on which these
ooncepts are based.
(c) Discuss with reference to ooth econanic theory an:1 your kna,;ledge of the
U.S. econOIT!Y, the staterrent that "private self-·interest, allowed relatively
free play, would foster the economic welfare of society as a whole."
3. Application: Apply appropriate econanic rrodels to the analysis and evaluation of
eronornic events .
III.
Recitation Section: In addition to the three lectures per week, everyone is
require:i to attend a recitation section which rreets for 50 minutes once a week.
Some short quizes will be given in recitation sections.
IV.
General Cornrents:
Stu:ients may fmd it helpful to get in the habit of readingecancrnics news. It is
an excellent way of reinforcing the theory discusse:i in class . The two best daily sources
are the Wall Street Journal and the New York Tilres.
Often good articles can also be
folll'Xi in local newspapers. 'Iwo other useful sources are Business Week and Fortune.
** There will be
tv.o
folla,;ing dates:
*
one-hour examinations, one of each of the
Cx.::tober 10
November·l4
FINAL EXAMINATION - Wednesday, December 14, 1983, 11:30 a.m. - 2: 30 p .rn.
page 2
Economics 201-4
Reza Ramazani
Fall, 1983
V.
Grading Policy :
1st midterm
2nd midterm
Recitation Quizes,
hauework and attendance
Final exam
100 points (20%)
100 points (20%)
100 points (20%)
200 points (40%)
Final grades will be determinEd on the basis of total points.
Week of:
Topic
Reading Assignrrent
l; (C) Introduction
August 31
Introduction arrl Nature of Economic Problems
(D)
Septanber 5
Septanber 12
The Economic Way of Thinking-The Price System
Supply and Demand: The Basics
(D)
September 19
The Role of CDvernment in tffi U. S . EconOIT\Y;
The Circular Flow of Income and Product
(D)
(D)
September 26
Private Business in the U. S. Economy
Measuring National Incx:rne and Product
(D)
{D)
Ch.
Ch.
Ch.
Ch.
Ch.
Ch.
Ch.
October 3
r::etermination of Incaue and ExpenditureSirrple Keynesian MJdel
(D)
Ch. 8
October 10
Fiscal Policy and the Management of
Aggregate Demand
ltmey and the Banking System
The J\bney Supply and its Control by the
FEderal Reserve
The Demand for 1-'.bney and the 1-'.bney Market
(D)
Ch. 9; (C) Issue 1 ·
(D)
Ch. 10
(D)
(D)
Ch. 11
Ch. 12
{D)
Ch. 13; (C) Issue 6
October 17
October 24
October 31
The Interaction of 1-'.bnetary an::1 Fiscal
Policy
Changes in Prices and Real output: An
overview
(D)
(D) Ch.
2
3
5 ; (C) Issue 5
6
4
7
14
November 7
A Closer Look at Unemployment
(D)
November 14
The Dynamics of Inflation
A Critique of Demand Management Policy
(D)
(D)
November 21
Beyond Demand Management
The Economics of Population and Developnent
(D)
(D)
Ch. 15; (C)
Ch. 16; (C)
Ch. 17; (C)
Ch. 18
Ch. 21; (C)
Issue 3
Issue 4
Issue 2
November 28
International Trade arrl Comparative Advantage
(D)
Ch. 22; (C) Issue 8
I:ecember 5
The Balance of Payments and the International
1-'.bnetary System
(D)
Ch. 23
Issue 7