Download Economics Department, SJSU - San Jose State University

Economics Department, SJSU. Spring 2010
Economics 1A-7-20438 & (8-20439)
Principles of Economics:
Macroeconomics
Class Mtg:
MW: 12:00 - 13:15.
DMH 358
Instructor:
Dr. Y. N. Shieh
([email protected])
Office Hours:
MW 9:00 - 11:45. 15:00 – 15:30.
or by appointment
Office and Phone:
DMH - 142
924 - 5413
Materials Required for Class:
1.
2.
3.
Text: Michael Parkin, Macroeconomics, 9th edition, Addison-Wesley.
Lab: myeconlab
all materials in http://www.sjsu.edu/people/yeung-nan.shieh/
Course Description and Objective:
Economics is a social science, which covers the actions of individuals and groups of individuals in the
processes of producing, exchanging, and consuming goods and services. It is divided into two major
branches: macroeconomics (Econ. 1A) and microeconomics (Econ. 1B).
Macroeconomics is the study of the economy as whole - including growth in income (standard of living),
changes in prices (cost of living), and the rate of unemployment (business cycle). The objective of this
course is to study a set of macroeconomics concepts and tools of analysis to help us to answer the following
macroeconomic questions:
1. How does our economic system work?
2. Why are there ups and downs in the economy?
3. Why is in the long run mainly a story of ups rather than downs?
After attending the lectures, reading the assigned materials and completing the assignments, each student
will be able to:
1. Utilize basic economic concepts as an informed citizen to examine the fundamental economic aspects
of public policy issues and economic problems.
2. Recognize and correctly identify most of the basic economic concepts, definitions and terms presented
in the basic materials of the course.
3. Utilize the detailed and logical structure of economic theory to evaluate social information, formulate
policy implications, and identify the dynamics of various groups and how they related in terms of economic
issues.
Grading:
Each student will be evaluated at the end of the semester according to the total number of points
accumulated from quizzes, exams, lab assignments. Each student's total accumulated points will be divided
by the total possible points to calculate a fraction. If a fraction's value is
0.90 or more
the student will earn an A
0.85 - 0.90
the student will earn an A0.80 - 0.85
the student will earn a B+
0.75 - 0.80
the student will earn a B
0.70 - 0.75
the student will earn a B0.65 - 0.70
the student will earn a C+
0.60 - 0.65
the student will earn a C
0.55 - 0.60
the student will earn a C0.50 - 0.55
the student will earn a D+
0.45 - 0.50
the student will earn a D
0.40 - 0.45
the student will earn a Dless than 0.40
the student will earn a F
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Exams:
There will be two 75 minutes exams during the semester and a comprehensive final exam. Examinations
are a combination of multiple choice and short answer. Each 75 minutes exam will be worth 120 points.
The final exam will be worth 240 points. Contact me within 24 hours of missing an exam so that a make-up
can be arranged. Only university-authorized absences provide a basis for student's taking a make-up, but
exceptions may be made for other unusual circumstances provided procedures above are followed.
Quizzes:
There will be a brief 10 minutes quiz after the completion of each chapter. Each quiz will be worth 12
points. Of 12 quizzes, your two worst performances will be discarded. Absences will be scored as zero
and up to two may be counted as discards. The 10 quizzes remaining will account for 120 points.
Computer Lab and Homework:
During this course, to complete certain reading and homework assignments, you will be required to
access a new Website dedicated to students and professors of economics. To access the Website, you need
a connection to the Internet from any computer on campus or your home. You also need to register for an
account with Myeconlab at http://www.myeconlab.com.
Homework assignments will be announced on the course website at Myeconlab, Myeconlab will keep
track of your performance and provide it to the professor at the end of the semester. And it will count as
240 points toward your grade.
Total Points Possible:
240
120
240
240
840
(75 minutes exams)
(Quizzes)
(Lab Assignments)
(Final Exam)
Examination Schedule:
1. Wednesday, March 3. 2. Wednesday, April 14.
The final exam will be on Tuesday, May 25, (09:45 - 12:00).
Important Notes:
1. Friday, February 5 is the last day to drop without an entry on student’s permanent record.
2. Friday, February 12 is the last day to add. The Department Chair WILL NOT sign late add unless the
University Administration (Bursar’s Office, Financial Aid, Admissions) admits in writing that failure to
add on time was the University’s fault.
3. University Policy Information:
a. Academic integrity statement (from Office of Judicial Affairs): "Your own commitment to
learning, as evidenced by your enrollment at San Jose State University and the University's
Academic Integrity Policy requires you to be honest in all your academic course work.
Faculty is required to report all infractions to the Office of Judicial Affairs." The policy on
academic integrity can be found at http://www2.sjsu.edu/senate/S04-12.pdf.
b. Campus policy in compliance with the Americans with Disabilities Act: "If you need
course adaptations or accommodations because of a disability, or if you need special
arrangements in case the building must be evacuated, please make an appointment with me as
soon as possible, or see me during office hours. Presidential Directive 97-03 requires that
students with disabilities register with DRC to establish a record of their disability."
3
Course Outlines and Reading Assignments:
1. Introduction (chapter 1)
What is Economics? What is macroeconomics? Limited resources and unlimited wants. Choice.
2. The Economic Problem (chapter 2)
PPF. Opportunity cost. Specialization and exchange. Comparative advantage (CA). Absolute
advantage (AA). Circular–Flow model.
3. Supply, Demand and Market (chapter 3)
Markets, Consumer and Producer, Demand and Supply, Market Prices. The Market System.
4. Measuring GDP and Economic Growth (chapter 4)
Measuring GDP. RGDP. GDP per capita. The standard of living over time.
First Exam: Wednesday, March 3.
5. Monitoring Jobs and Inflation (chapter 5)
Unemployment rate. Price indexes. CPI. Inflation Rate.
6. Long-Run Economic Growth (chapter 6)
Economic Growth. Growth Rate of RGDP. Growth Rate of RGDP Per Person. Rule of 70.
Labor Productivity. Physical capital. Human capital. Technology. Growth accounting.
7. Finance, Savings, Investment (chapter 7)
Capital and Investment. Wealth and Saving. Loanable funds market. Four financial assets: stocks,
bonds, loans and bank deposits. Financial market.
8. Money, the Price Level, and Inflation (chapter 8)
What is Money? How Banks create Money? How FRB controls Money Supply? Money Market.
Quantity Theory of Money
Second Exam: Wednesday, April 14.
9. Aggregate Demand and Aggregate Supply (chapter 10)
Aggregate supply curve: Short-run and Long-run. Aggregate demand curves. The AD-AS model,
Short-Run macroeconomic Equilibrium, Long-Run macroeconomic Equilibrium
10. U.S. Inflation, Unemployment, and Business Cycle (chapter 12)
Inflation Cycle. Inflation and Unemployment. Business Cycle.
11. Fiscal Policy (chapter 13)
What is fiscal policy? Expansionary and contractionary fiscal policy. Automatic stabilizers.
12. Monetary Policy (chapter 14)
What is monetary policy? How can FED move interest rate? Monetary neutrality.
Final Exam: Tuesday, May 25, (09:45 - 12:00).
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How to Register and Enroll in Your MyEconLab Course
Welcome to MyEconLab! Your instructor has set up a MyEconLab course for you.
To join your instructor's course, please complete the following two steps:
1. REGISTER for MyEconLab, and, 2. ENROLL in your instructor's course
To Register for MyEconLab
To register, you will need a student access code and a course ID.
If you don't have an access kit, you can purchase access online at http://www.myeconlab.com.
You will have the choice to purchase access with or without a full etext. Once enrolled in your professor's
course, you will also have the option to purchase a discounted version of your text.
Textbook: Parkin: Macroeconomics 9e
Course Name: Econ 1A 0708 Spring 2010
Course ID: XL0G-O17W-701Y-2OI2
Steps to Register:
1.
Go to http://www.myeconlab.com and click the Student button, in the Register section.
2.
Enter the course ID, XL0G-O17W-701Y-2OI2 and click Next.
3.
Choose to register an access code (came with your new book) or purchase access if you don’t have
an access kit/code.
4.
Click the button to proceed to registration.
5.
Follow the instructions to create your account.
6.
Click the link to login. You’ll be directed to http://www.myeconlab.com, where you can enter the
user name and password you just created. Click the login button.
7.
The first time you enter the site you’ll be asked to enter your course ID. Enter your course ID,
XL0G-O17W-701Y-2OI2.
8.
Be sure to click on the Browser Check link on the Announcements page or in the upper right of
the screen the first time you login and anytime you use a new computer. This wizard will walk you
through the installation of the software you will need to use the MyEconLab resources (such as
Flash).
Note: the software may already be installed in the school lab, so in that case check first with your
lab administrator.
To log into MyEconLab
1.
Go to http://www.myeconlab.com
2.
Enter the user name and password you just created, and click Log In (or hit the enter key).
If you purchased access, visit the Student Center inside your Instructor's Course for additional
purchase options.
Note: If you are taking two MyEconLab courses simultaneously you will need two separate login accounts.
Need Help? For assistance, please visit http://www.myeconlab.com/support.