Principles of Macroeconomics [PDF]

This course introduces students to the basic macroeconomic issues such as economic growth, inflation, unemployment, econ

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Principles of Macroeconomics Economics 2010-3 Spring 2007

Instructor: Class time: Classroom: Office: Office hours: E-mail: Web Address:

Bulent Unel Tu-Th 9:00am-10:30am CEBA 1109 CEBA 2122 M-W 1:30-3:00pm [email protected] http://www.lsu.edu/bunel

T.A.: Office: E-Mail:

Aisha Javed CEBA 2121 [email protected]

Course Description This course introduces students to the basic macroeconomic issues such as economic growth, inflation, unemployment, economic fluctuations, and monetary and fiscal policies. The Main textbook is Principles of Macroeconomics, by N. Gregory Mankiw, 4th edition. I will closely follow this book. Course materials (such as syllabus, problem sets, and their solutions) will be posted on the course’s blackboard page.

Homework There will be 8-10 problem sets. You should submit your own solutions (cheating will be treated very seriously). Your solutions will be graded on a scale of check plus (10), check (7), check minus (4), or zero, and the homework with the lowest score will be dropped. The remaining homework will be 10% of your overall grade. Problem sets have to be handed in class on due date. Late homework will not be accepted.

Exams There will be two midterms and a final. No make up exam will be given for midterms under any circumstances. If you miss a midterm and document your excuses, then its weight will 1

be added to your final. The first midterm will be on Thursday, February 15; the second midterm will be given on Tuesday, March 20; the final exam will cover the entire course and will be given on Friday, May 11. The midterm dates are tentative; depending on our pace in the course, I may change them in future.

Grade Distribution Homework :

10 %

Midterm-1 :

25 %

Midterm-2 :

30 %

Final :

35 %.

Course Schedule Chapter 1

Ten Principles of Economics (Week 1 )

Chapter 2

Thinking Like an Economist (Week 1 )

Chapter 4

The Market Forces of Supply and Demand (Week 2 )

Chapter 10

Measuring a National Income (Week 3 )

Chapter 11

Measuring the Cost of Living (Week 4 )

Chapter 12

Production and Growth (Weeks 4 & 5 ) Midterm 1 (February 15)

Chapter 13

Saving, Investment, and Financial System (Week 6 )

Chapter 15

Unemployment and Its Natural Rate (Week 7 )

Chapter 16

Monetary System (Week 8 )

Chapter 17

Money Growth and Inflation (Week 9 ) Midterm 2 (March 20)

Chapter 18

Open Economy Macroeconomics: Basic Concepts (Week 10 )

Chapter 19

A Macroeconomic Theory of the Open Economy (Week 11 )

Chapter 20

Aggregate Demand and Aggregate Supply (Week 12 )

Chapter 21

Monetary and Fiscal Policy (Week 13 )

Chapter 22

Inflation and Unemployment (Week 14 ) Final (May 11)

2

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