Download ECON 2020-001 Principles of Macroeconomics

PRINCIPLES OF MACROECONOMICS
ECONOMICS 2020
Denise Eby Konan
Economics 206
Office hours: T , R 1 0 :4 0-1 2 : 00
and by appointment
Summer 1992
Hlms 252
9 : 10-10 : 40 daily
T . A. : John Lovett, Economics 13
The text for this course is Macroeconomics by Ralph T . Byrnes and
Gerald W. Stone, Harper Collins, Fifth edition 1992 .
Copies of
problem sets are available at Kinko's .
Economics is not an exact science. Still it is more than an
art. We cannot predict with accuracy next year's national
income--just as meteorologists cannot forecast next week's
weather as precisely as they can guess the day after tomorrow's .
But no bank or big business would be so rash as to consult
astrologers rather than trained econometricians, or try to wing
it by guess and by gosh. Paul A. Samuelson, 1991.
Cours e Objective
The ambition of this course is to provide you with tools to
understand the intri£ate workings of the domestic economy. We
wi ll study the numerous important issues such as the effects and
determinants of inflation and unemployment, fiscal and monetary
policies, the effects of money on output and prices, the
determinants of aggregate supply and demand, and international
aspects of economics.
Recita tions:
Section
R2 0 1
R202
R203
Time
7 :45-9:00am
2 : 10-3:25pm
12 : 30-2 : 00pm
Grading Policy:
Two One-Hour Exams
Final Exam
Day
MW
TR
MW
Location
Econ 1 3
Econ 205
Econ 13
30% each
40 %
THE FINAL EXAM IS REQUIRED .
MISSING A ONE-HOUR EXAM I NCREASES THE WEIGHT OF YOUR FINAL .
THERE WI LL BE NO MAKE-UP EXAMS .
.. .
.
LECTURE ANO EXAM SCHEDULE
DATE
July 14-17
July 20-24
TOPIC
READINGS
Scarcity and choice
Chap 1,2
Demand, Sl.4JPlY, & market ec,.iil ibrita
Chap 3 , 4
Macroeconomics overview
Chap 5
~loyment, inflation
&11easurement
Chap 6,7
Classical and Keynesian economics
Chap 8,9, 10
Money creation & Federal Reserve System
Chap 11-12
Monetary theory
Chap 13
Pl.blic deficits and dept
Chap 14
Aggregate demand and Sl4)ply
Chap 15
Policymaking and limitations
Chap 16,17
Economic growth and development
Chap 18
JULY 24 EXAM 1
July 27-31
Aug 3-7
. . _. . .. , ....
AUGUST 7
EXAM 2
Aug 10-14
The international economy
Chap 19,20,21
AUGUST 10
FINAL EXAM
COMPREHENSIVE
P. SETS