PRINCIPLES OF MACROECONOMICS SPRING 2006
Instructor:
Dr. Abdulhamid Sukar
Time and Place:
MWF 11:00-11:50
Office:
BUS104
Office Hours:
Phone:
MW 10:00 – 11:00 2:00-3:00 TR 10:00-12:30 (580) 581 2845
Course Description: Principles of macroeconomics is an introductory course that focuses on output and price determination; employment and unemployment; interest rates; monetary and fiscal policies; and international economic issues. Course Objectives The students will: 1. Understand economic Concepts such as scarcity and opportunity cost. 2. Be able to apply economic models such as supply and demand 3. Develop an understanding of key macroeconomic variables such as output, inflation, and unemployment. 4. Understand Saving, investment and financial system. 5. Understand how fiscal and monetary policies may be used to stabilize business cycle. 6. Analyze current economic issues and problems. 7. Understand the process of money creation and the Federal Reserve System. 8. Be able to understand different theories of economic growth, unemployment and price stability. 9. Understand the basics of international trade and finance Required 1. N.Gregory Mankiw, Brief Principles of Macroeconomics, 3rd ed. (Thomson/ South-Western, 2004). 2. Registration for Aplia website. Recommended: 1. David R. Hakes, Study Guide to Accompany Brief Principles of Macroeconomics, 3rd ed. (Mason, OH: Thonmson/Wouth-Western, 2004). 2. Wall Street Journal.
Assessment Your grade for this course will be based on your performance on the Aplia assignments, quizzes, two exams, and the final. There will be weekly assignments on Aplia. Aplia assignments must be completed by the due date. You will have a quiz once a week and there is ABSOLUTELY NO make-up quiz. This course will also include three mid-term exams and a final. Grading: The final grade for the class will be determined as follows: Aplia assignments Quizzes Mid-term Exams Final Exam
15% 15% 40% 30%
Attendance: You are required to attend all classes and participate in class discussion. You are responsible for any quiz, assignment or exam in the day you missed class. If you can’t take exam because of illness or other unforeseen circumstances, please contact me for a make-up exam. How to use Aplia Website You will be using Aplia for this course. Weekly assignments are found on the aplia website. The aplia site requires a separate registration process. Use the following steps to register: Your course key is:
WJ8Y-N8NK-ZMMD
First Time Aplia Users: 1. 2. 3. 4. 5.
Connect to http://econ.aplia.com On the Sign In page, click the Go button next to "Test Your System Configuration"; this takes just a few seconds and provides detailed information on how to update your system if necessary Head back to the Sign In page and click the "Register Here" link Fill out the form and click Continue Enter Your Course Key (above)
Returning Aplia Users:
1. 2.
Connect to http://econ.aplia.com and sign in using your usual e-mail and password Enter your course key (above)
Problems with registration or sign in? You can always e-mail Aplia by clicking on the "Help" link in the upper-right corner of any page or by e-mailing
[email protected].
Course Outline Date Week ending Jan 9-13
16-17
23-27 30-Feb3 6-10
Topic Introduction
Reading Assignments Chap1
Thinking Like Economist Interdependence and the Gains from Trade The Market Forces of Supply and Demand Measuring a Nation’s Income Measuring the Cost of Living Exam I Production and Growth
Chap 2 Chap 3
Chap 4 Chap 5 Chap 6 Chap 7
Saving, Investment, and the Financial System The Basic Tools of Finance
Chap 8
20-24
Unemployment and the Natural Rate
Chap 10
27-Mar 3
The Monetary System Money Growth and Inflation
Chap 11 Chap 12
6-10
Money Growth and Inflation Exam II SPRING BREAK Open Economy Macroeconomics
13-17
13-17 20-24 27-31
Apr 3-7 10-14 17-21 17-21 24-28
A Macroeconomic Theory of the Open Economy
Aggregate Demand and Aggregate Supply Aggregate Demand and Aggregate Supply The Influence of Monetary and Fiscal Policy on Aggregate Demand The Short-Run Trade-off Between Inflation and Unemployment Five Debates Over Macroeconomic Policy
Chap 9
Chap 13 Chap 14
Chap 15 Chap 15 Chap 16 Chap 16 Chap 17