This course provides an introductory analysis of the economy as a whole. Topics covered include the determination of national output, the roles of money in the economy, the causes of inflation and unemployment, and government economic policies. The international monetary system is also discussed.

◙  Prerequisite

None

◙  Textbooks

Required: Colander, Economics (Ninth edition)

The book website:

http://highered.mcgraw-hill.com/sites/0077247175/student_view0/student_resources.html

Recommended: Study Guide to accompany Colander's Macroeconomics

◙  Class Rules

Exams:

Three one-hour examinations 20% of the final grade (each)
Comprehensive final exam 40% of the total grade

Type of Exam:

Multiple-choice questions

No Quizzes, No Homework, No Other Projects

Class Participation:

Students are expected to read the assigned chapters on time and come to class prepared to discuss the material. In all cases, ask questions.

Attendance Policy:

Regular class attendance is strongly recommended. Attendance sheets are circulated in each session. Be sure to sign them.

Attendance records will be taken into consideration in borderline cases.

Retake Policy

No retake is allowed.

Makeup Policy

Request for a make-up MUST BE MADE BEFORE THE EXAM IS GIVEN IN CLASS. Approval is at the instructor's discretion.

No make-up, once allowed and scheduled, may be re-scheduled.

◙  Grading Policy

Grades will be curved.

SPECIAL INCENTIVE: Those who have a perfect attendance record throughout the course, and score above 95% in each of the three midterms, will automatically receive an A for the course and be exempted from the final exam.

◙  SPRING 2013 Schedule (tentative)

Lecture notes are distributed only in class

 

Week	Date	Topic	Chapter
1	1/7 1/9 1/11	Introduction and Review           Economic Growth, business cycles, .... Economic Growth, business cycles, ....	7 7
2	1/14 1/16 1/18	Measuring the aggregate economy Measuring the aggregate economy Measuring the aggregate economy	8 8 8
3	1/21 1/23 1/25	MLK DAY HOLIDAY The Short-Run Keynesian Policy Model: Demand-Side Policies The Short-Run Keynesian Policy Model: Demand-Side Policies	9 9
4	1/28 1/30 2/1	The Short-Run Keynesian Policy Model: Demand-Side Policies Review ► FIRST MIDTERM	9
5	2/4 2/6 2/8	The multiplier model The Classical Long-Run Policy Model: Growth and Supply-Side Policies The Classical Long-Run Policy Model: Growth and Supply-Side Policies	9W 10 10
6	2/11 2/13 2/15	The financial sector and the economy The financial sector and the economy Monetary policy	12 12 13
7	2/18 2/20 2/22	Monetary policy Monetary policy Financial crises, panics, and macroeconomic policy	13 13 14
8	2/25 – 3/1	SPRING BREAK
9	3/4 3/6 3/8	Deficits and debts Review ►SECOND MIDTERM	15
10	3/11 3/13 3/15	Modern fiscal policy dilemma Modern fiscal policy dilemma Modern fiscal policy dilemna	16 16 16
11	3/18 3/20 3/22	Jobs and unemployment Inflation, Deflation, and Policy International financial policy	17 18 19
12	3/25 3/27 3/29	International financial policy International financial policy Review	19 19
13	4/1 4/3 4/5	► THIRD MIDTERM Macro policy in a global setting Macro policy in a global setting	21 21
14	4/8 4/10 4/12	Macro policy in a global setting Macropolicies in Developing Countries Macropolicies in Developing Countries	21 22 22
15	4/15 4/17 4/19	Review Review Review
16		FINAL EXAM WEDNESDAY APRIL 24, 2013 2:45 PM – 4.45 PM