Download ECON 2020-400 Principles of Macroeconomics

UNIVERSITY OF COLORADO
Principles of Macroeconomics
Spring 1995
Jay Kaplan
Office: Economics 4D (in the basement)
Office telephone: 492-7869
Office Hours: Mon. 12:00 - 1:30, Wed. 3:30 - 5:00
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:
Principles of Macroeconomics, by Stiglitz, 1st Edition, 1993.
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.
EXAMS
There will be three exams given during the semester. In addition, there is an optional
final exam which can be taken to replace a low score on either exam #1 or exam #2
(whichever is the lowest). I you miss either exam #1 or exam #2, you must take the
optional final. Students are highly encouraged to do well on all three exams and thus not
have to take the optional final.
RECITATION
Recitation attendance is mandatory and comprises 20% of the semester grade.
LECTURE SCHEDULE
WEEK BEGINNING
JAN 12
JAN 17
JAN 19
JAN 24
JAN26
JAN 31
FEB2
FEB 7
FEB 9
FEB 14
FEB 16
FEB 21
FEB 23
FEB 28
MAR2
MAR7
MAR9
MAR 14
MAR 16
MAR21
MAR23
APR4
APR6
APR 11
APR 13
APR 18
APR20
APR25
APR27
MAYS
TOPIC
Introduction
Ovetview of Macroeconomics
Production Possibilities
Specialization and Trade
Demand and Supply
Equilibrium
Aggregate Demand and Supply
Unemployment and Inflation
GNP-GDP
EXAM 1
Labor and Product Markets
ASSIGNMENT
Ch. 2
Ch.3
Ch.4
Ch. 5
Ch. 15
Ch. 8
Ch. 8
Ch. 9
Ch. 10,11
Economic Thought
Consumption, Saving and Investment
Ch. 13
Macroeconomic Equilibrium
Ch. 12
Fiscal Policy
Money, Banking and Prices
EXAM2
Federal Resetve
Monetary Policy
Ch. 15
Ch. 17
Deficits
Stabilization Policy
Economic Growth
International Economics
Ch.
Ch.
Ch.
Ch.
Ch.
EXAM 3 - Optional Final
11:30-2:30
Other Dates of Importance
Feb. 21 last day to drop a class
March 27-31 Spring Break
May 1 Last day of classes
Ch. 17
Ch. 18
7
14,22
16, 20
21
19, 22