ࡱ> 5@ 0$bjbj22 +XX2222d(3\jOh44444555NNNNNNN$PR$S~O95599O44$O<<<9v44N<9N<<4<VD@E4T4 ؁OE!2t:FE K:O0jO)ExS:NSEESE 56</7t7[555OO < Principles of Macroeconomics, Fall 2009 Economics 111 Lecturer: Dr. Niklas Hunter Lecture #: 1175 Office: Sage Hall 2042 E-mail: niklas.hunter@csuci.edu Office hours: T 2:15- 4:15pm, R 5:50 6:50pm Class time: Class location: R 7-9:50pm Bell Tower 1684 In-class Midterm: Thursday, 8 October Term Paper Due: Thursday, 3 December Final exam: Thursday, 10 Dec, 7:00-9:00pm Course website:  HYPERLINK "http://blackboard.csuci.edu" http://blackboard.csuci.edu Required texts: Prentice Hall Custom Business Resources. Compiled by Macroeconomics Instructor Claudio Paiva (available at bookstore). Note: These readings are also available in Macroeconomics, 2/e. R. Glenn Hubbard. Anthony Patrick OBrien. Copyright 2008 by Pearson Prentice Hall. Grading system Your grade for the course is based on homework and exams in the following way: TaskPercent of gradeHomework assignments15Term Paper 20Midterm Exam25Final Exam 40 Grades for total points from the homework and exams will be assigned according to the following distribution: 90%-100%: A+, A, A- 80%-89%: B+, B, B- 70%-79%: C+, C, C- 60%-69%: D+, D, D- I may also adjust the scores to account for the difficulty of the exams. For example, if few people get a final score above 90% because of difficult exams, then I will give out more As to account for difficultly of the exams. In this case, I typically assign a median (midpoint) grade of a B-/C+. Exams There will be no make-up exams, so if you can not attend class on the day of the in-class midterm or you can not attend the final exam, please do not enroll in this course for a grade. You are welcome to take the course for a pass-fail grade. Exams will include both multiple choice and short answer/essay questions focused on the lecture notes, textbook and homework. The final exam will concentrate on material after the midterm, but will also include some earlier material. Homework assignments Late homework will not be accepted. The homework assignments will typically consist of both multiple choice and short answer/essay questions. The homework assignments have two purposes: 1) to prepare you for the exams and 2) to apply the theory to current economic events. There will be six homework assignments, of which I will throw out the lowest score. Class participation Regular class participation can help your grade if you are on the borderline between two grades. For example, if you are at the cutoff between a B+/A-, regular class participation would boost your grade to an A-. Course overview Study of the workings of the economy. Topics include national income accounting, business cycles, employment and unemployment, inflation, economic growth, financial institutions, fiscal and monetary policy, and international trade. Learning objectives: At the end of this course, good students will be able to: explain the workings of the national economy describe and apply the scientific method to macroeconomic behavior and the institutions within which that behavior occurs measure aggregate levels of economic activity describe the problems of unemployment and inflation evaluate the costs and benefits of alternative forms of public policy Term Paper: As I grade your term paper, I will be looking for critical and original thinking, in addition to a thorough application of the analytical tools covered in the course. The paper should be based on a news article/report appearing in a reputable source after August 24, 2009 (and reputable intends to exclude supermarket tabloids and other exotic news sources). You should include a copy of the article/report in the paper. If the piece appeared on TV, there should be a printout from the TV channels web site (or send me the link via e-mail). Your job will be to (1) explain the main economic ideas contained in the article/report making extensive use of the analytical tools, models, and concepts covered in the course; (2) support or disagree with the arguments in the article/report; and when appropriate, (3) extend the discussion to implications not covered in the article/report. Length: 5 pages. Please use reasonable font sizes and 1.5 spacing. A paragraph in excess or just short of 5 pages is acceptable. Include figures/graphs if applicable. I recommend that you show me the article/report you intend to use before you start developing the paper. If the article is not related to this course, I will fail the paper. I will also be glad to discuss your ideas and make suggestions when appropriate. Cheating Don't cheat. If I catch you looking at someone else's exam or at notes during an exam, you will receive an F for the exam. Any case of cheating will be referred to Judicial Affairs. Working with fellow students on homework assignments, however, is not cheating and is encouraged. Disability Accommodations Cal State Channel Islands is committed to equal educational opportunities for qualified students with disabilities in compliance with Section 504 of the Federal Rehabilitation Act of 1973 and the Americans with Disabilities Act (ADA) of 1990. The mission of Disability Accommodation Services is to assist students with disabilities to realize their academic and personal potential. Students with physical, learning, or other disabilities are encouraged to contact the Disability Accommodation Services office at (805) 437-8510 for personal assistance and accommodations. Mandatory Furloughs The California State University system requires that nine days this semester be scheduled as mandatory furlough days (non-teaching). The University has required that Monday, November 23rd, Tuesday, November 24th, and Wednesday, November 25th (the week of Thanksgiving) be designated as three of the nine mandatory furlough days. The remaining six furlough days I have selected for the Fall 09 do not coincide with this course. It isnt so much the things you dont know that get you into trouble, its the things you know that just aint so. --Robert Solow Notice Information contained in this syllabus, other than that mandated by the University, may be subject to change with advance notice, as deemed appropriate by the instructor. DateLecture topicAssigned readingHomework assignment27 AugEconomics Foundations and Modelspages 1-363 SeptTradeoffs, Comparative Advantage, and the Market SystemPages 37-6610 SeptGDP: Measuring Total Production and IncomePages 67-9417 SeptUnemployment & InflationPages 95-13224 SeptEconomic Growth, the Financial System, and Business CyclesPages 133 -1681 Octi)Output and Expenditure in the Short Run ii) Review for Midterm ExamPages 169-2148 OctMidterm Exam15 Octi)Aggregate Demand and Aggregate Supply Analysis ii) Midterm ResultsPages 215-25622 OctAggregate Demand and Aggregate Supply AnalysisPages 215 - 25629 OctMoney, Banks, and the Federal Reserve SystemPages 257 - 2945 NovMonetary PolicyPages 295 - 33612 NovFiscal Policy Pages 337 - 38219 NovInflation, Unemployment, and Federal Reserve PolicyPages 383 - 4163 Deci) The International Financial System ii) Review for Final ExamPages 449 -48210 DecFinal ExamExam Time: 7:00 9:00pm This schedule is subject to possible changes. 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