Download ECON 2020-200 Principles of Macroeconomics

UNIVERSITY OF COLORADO
Principles of Macroeconomics
Fall 1994
Jay Kaplan
Office: Economics 40 (in the basement)
Office #: 492-7869
Office Hours: Wednesday 2:00-5:00 or by appointment
COURSE DESCRIPTION
Economics 2020 introduces the basic concepts of macroeconomics. Actual economic
events will be discussed and their linkages to economic theory will be studied. We will
study the behavior of an economy in the aggregate with special emphasis on the U.S.
economy.
The objective of economic growth and problems of unemployment, inflation and
recession will be analyzed. We will study the available macroeconomic policies that can
be used to correct for these problems. The analysis will first be developed within the
context of a closed (domestic) economy and then be broadened to an open
(international) economy. Throughout the course students will be encouraged to bring up
current events as they happen in the news and the relationship to the theory which is
being studied.
TEXTBOOKS
There is one textbook for this course:
Macroeconomics, by Byrns and Stone, 5th Edition, 1992.
In addition, students are urged to keep up with current economic events by reading
sources such as newspapers, periodicals and by watching the news on television.
COURSE REQUIREMENTS
There will be three in-class examinations given during the semester and then the optional
final exam. The exams are scheduled as follows:
EXAM #1 :
EXAM #2 :
EXAM #3 :
OPTIONAL
SEPTEMBER 29
NOVEMBER 3
DECEMBER 14
FINAL EXAM: WED. DECEMBER 14
The FINAL exam is optional and can be used to replace the test score of one of the first
two exams. The final exam will cover material from the first two exams. If taken, the
final exam will substitute for a score on either exam #1, exam #2, whichever is the
lowest. The FINAL exam is scheduled after Midterm #3. If either exam #1 or exam #2
is missed, the student must take the optional final exam. There will be no alternative
times or makeups for the first two exams other than the time listed here. If you have to
miss one of these tests, the optional final will replace your test score.
Important Dates
Sept. 9 - last day to add a class.
Oct. 4 - last day to drop a class.
Nov. 24 - Thanksgiving holiday.
Dec. 7 - last day of classes.
LECTURE AND EXAM SCHEDULE
WEEK BEGINNING
AUG25
AUG30
SEPT 1
SEPT6
SEPT 8
SEPT13
SEPT 15
SEPT 20
SEPT 22
SEPT 27
OCT4
OCT6
OCT 11
OCT 13
OCT 18
OCT20
OCT25
OCT27
NOV 1
NOV8
NOV 10
NOV 15
NOV 17
NOV22
NOV29
DEC 1
DEC6
TOPIC
Introduction
Overview of Macroeconomics
Production Possibilities
Specialization and Trade
Demand and Supply
Equilibrium
Aggregate Demand and Supply
Unemployment and Inflation
ASSIGNMENT
Ch. 2
Ch. 3
Ch. 4
Ch. 5
Ch. 15
Ch. 6
Ch. 7
GNP-GDP
Labor and Product Markets
Economic Thought
Consumption, Saving and Investment
Ch.8
Ch. 8
Macroeconomic Equilibrium
Ch. 9
Fiscal Policy
Money, Banking and Prices
The Federal Reserve
Monetary Policy
Deficits
Ch.
Ch.
Ch.
Ch.
Ch.
Stabilization Policy
Ch. 16
Ch. 17
Ch. 18
Economic Growth
International Economics
10
11
12
13
14
Ch. 19
Ch.20