ࡱ> %` )bjbj"x"x 0>@@!D$ $ $ $ 4X \ [[[       $ h"0[[[[[0 EOOO[:  O[ OOv~ t Hy$ ". [0F8 # #0~ #~O[[[009[[[[[[[\\\@ \\\@  E Economics 499 Capstone Spring 2009 91Ƶ Dr. Claudio Paiva Meetings: We 9 am 11:50 pm at Bell Tower 1372 Final Project Due: May 13 Office Hours: Tu 4:30 pm 5:30 pm; We 1:00 pm - 2:00 pm; and by appointment Office Location: Sage Hall 2039 Phone: (805) 437 2684 E-mail: claudio.paiva@csuci.edu Course Description This is a required upper division course in the Bachelor of Arts in Economics. The course is a culminating experience for economic majors that integrate material from previous economics courses. Students will develop a topic for a senior paper in consultation with the instructor. The paper will address a contemporary economic issue or problem or could be based on an experiential learning experience. Course Learning Objectives Students who successfully complete this course will be able to: define an issue using economic concepts, tools and methods; analyze the issue using economic concepts, tools and methods; present analyses orally and in writing to their peers and to a larger audience. This Offering of Capstone Students will work in pairs to: (1) formulate a set of consistent macroeconomic projections for a developing country over a three-year horizon; (2) identify the main macroeconomic issues emerging from these projections; (3) propose a set of policy actions to improve the countrys macroeconomic outlook. The methodology that will be employed to formulate these projections has been extensively used by national governments, financial institutions, and international organizations. It basically consists in applying and integrating the theoretical and behavioral relationships among macroeconomic aggregates that are taught in the economic curriculum (mainly in the areas of macroeconomics, money and banking, and international economics). As a starting point, you will be given a comprehensive set of economic data, a report discussing the main economic issues in your target country, and general assumptions regarding the performance of the global economy during the projection period. During our weekly meetings I will provide regular guidance on the appropriate forecasting methodology and its application to your country. I will have power point presentations and other reading material that may help you elaborate your projections. Additional help will be available during office hours and by appointment. Countries The countries covered in this course will be Algeria, Bangladesh, and Vietnam. Random drawings will assign a country to each group. There will be two different groups working with each country. Some collaboration is allowed: you may exchange ideas, but I expect different projections and outcomes. The Capstone Project The final product expected from you is (1) a set of tables showing the recent performance of various macroeconomic aggregates and your internally consistent projections for these aggregates over the next three years; and (2) a short paper of about 5 pages discussing your projections, the main economic issues facing this country in the years ahead, and your suggested policy measures to improve this outlook. We shall define together the relevant set of tables during the first week of classes. The final report is due May 13 and will count for 60 percent of your grade. You will also prepare a short presentation summarizing your final report. You should be prepared to answer questions about the mechanics of your projections as well as your diagnosis of the countrys economic conditions and your policy recommendations. The presentations will take place on May 6 and May 13 and will count for 10 percent of your final grade. There will be two intermediate stages of your project that will be due during the semester and graded separately. In the first partial report you will prepare a two-page paper describing the recent trend and the three-year outlook for GDP growth. You should also include an assessment of the output gap during this period. Keep it simple: you should use uni-variate time series techniques to base your projections (a simple regression or an HP filter). This part is due on February 4 and will count for 10 percent of your final grade. In the second partial report you will write a two-page paper providing econometric estimates of export and import elasticities (with respect to economic activity, the real exchange rate, and any other variables you may find to be relevant for your country). This part is due on March 4 and will count for 20 percent of your final grade. Course Grade FINAL PROJECT = 60% FINAL PRESENTATION = 10% FIRST STAGE PAPER = 10% SECOND STAGE PAPER = 20% The final course grade is based on the percentage of total points earned throughout the semester calculated as the ratio of the weighted sum of all points earned to the weighted sum of all points possible. While the distribution of grades varies each semester in each class, expect the average score to earn a grade of B-. Let me emphasize that I want you to learn and do well in the course, and I will be glad to provide you with extra help if needed: please don't hesitate to drop by during office hours or to make an appointment with me for another time. Academic Honesty 1. Academic dishonesty includes such things as cheating, inventing false information or citations, plagiarism and helping someone else commit an act of academic dishonesty. It usually involves an attempt by a student to show possession of a level of knowledge or skill that he/she does not possess. 2. Course instructors have the initial responsibility for detecting and dealing with academic dishonesty. Instructors who believe that an act of academic dishonesty has occurred are obligated to discuss the matter with the student(s) involved. Instructors should possess reasonable evidence of academic dishonesty. However, if circumstances prevent consultation with student(s), instructors may take whatever action (subject to student appeal) they deem appropriate. 3. Instructors who are convinced by the evidence that a student is guilty of academic dishonesty shall assign an appropriate academic penalty. If the instructors believe that the academic dishonesty reflects on the student's academic performance or the academic integrity in a course, the student's grade should be adversely affected. Suggested guidelines for appropriate actions are: an oral reprimand in cases where there is reasonable doubt that the student knew his/her action constituted academic dishonesty; a failing grade on the particular paper, project or examination where the act of dishonesty was unpremeditated, or where there were significant mitigating circumstances; a failing grade in the course where the dishonesty was premeditated or planned. The instructors will file incident reports with the Vice Presidents for Academic Affairs and for Student Affairs or their designees. These reports shall include a description of the alleged incident of academic dishonesty, any relevant documentation, and any recommendations for action that he/she deems appropriate. 4. The Vice President for Student Affairs shall maintain an Academic Dishonesty File of all cases of academic dishonesty with the appropriate documentation. 5. Student may appeal any actions taken on charges of academic dishonesty to the "Academic Appeals Board." 6. The Academic Appeals Board shall consist of faculty and at least one student. 7. Individuals may not participate as members of the Academic Appeals Board if they are participants in an appeal. 8. The decision of the Academic Appeals Board will be forwarded to the President of CSU Channel Islands, whose decision is final. 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. 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.    &(Rgprz}𠓆yl__yllh #ha2CJ_H aJh #h_CJ_H aJh #hYCJ_H aJh #h#zCJ_H aJh #hX_CJ_H aJh #h!CJ_H aJ$h #hX_56CJ\]_H aJh #h(5CJ\_H aJh #h!5CJ\_H aJh #hY5CJ\_H aJh #hX_5CJ\_H aJ%'Tgh b u $ / I z .jt x1$7$8$H$gd% x1$7$8$H$gdNngd!gdF@x1$7$8$H$gd # x1$7$8$H$gd! 1$7$8$H$gd!$x1$7$8$H$a$gdNn)  % ) b t u $ / H I y z D˾󮠕zzj]PCh #h CJ_H aJh #hF@CJ_H aJh #ha2CJ_H aJh #ha25CJ\_H aJh #h!CJaJh #hX_5CJ\_H aJh #hF@CJaJh #hX_5CJ_H aJh #hX_5CJ]_H aJh #h!CJ_H aJh #hM?CJ_H aJh #hX_CJ]_H aJh #h_CJ_H aJh #hX_CJ_H aJDQ]-.$%&APXactijtööööèvh #h #CJ_H aJh #CJ_H aJh #heS>*CJ_H aJh #heSCJ_H aJh #heS5CJ_H aJh #hMCJ_H aJh #ha2CJ_H aJh #hkxCJaJh #h CJaJh #h CJ_H aJh #hkxCJ_H aJ+:P#K]f diȺȭȭȭȠȭȭȠȓȆyl^lllh #h'l>*CJ_H aJh #h'lCJ_H aJh #hNnCJ_H aJh #hCJ_H aJh #h%CJ_H aJh #heSCJ_H aJh #hCJ_H aJh #h+>*CJ_H aJh #h+CJ_H aJh #h%5CJ_H aJh #hkx5CJ_H aJh #hM5CJ_H aJ$UAp#U$$%%&"&](d(xgd #$x1$7$8$H$gd # *gd # x1$7$8$H$gdNn x1$7$8$H$gdNnx1$7$8$H$gd #57TULl@'p̑̑̃viih #h T*CJ_H aJh #hCJ_H aJh #h%CJH*_H aJh #hX_CJ_H aJh #hX_5CJ\_H aJh #h%5CJ\_H aJh #h>*CJ_H aJh #h%CJ_H aJh #hCJ_H aJh #h'lCJ_H aJh #hm:CJ_H aJ#p&"&](d((())h #hX_CJaJhih #>*CJaJhih #CJaJhih #5CJaJ!hih #56>*CJOJQJhih #>*CJOJQJ hih #6B*CJaJphhih #5CJ\_H aJ d())xgdNnxgd #.:pX_/ =!"#$% <@< NormalCJaJmH sH tH J@J Y Heading 1$@&5>*OJPJQJaJDA@D Default Paragraph FontRi@R  Table Normal4 l4a (k@(No List4>@4 YTitle$a$CJaJ6J@6 YSubtitle$a$aJ0U@0 Y Hyperlink>*B*Vo"V F@Default 7$8$H$!B*CJ_HaJmH phsH tH !>!'Tghbu $/Iz.j t !!v:!v:!v:!v:!v:!v:!v:!v:!v:!v:!v:!v:!v:!v:!v:!v:!v:!v:!v:!v:'Tghbu $/Iz.j t UApU"] d !!000000000000000000000000000000000000000bu/Iz.Ap"] d !!Z000@0Z000Z00Z00Z000Z00Z0  ěX0 X0 X00Z00$Dp)d())8@0(  B S  ?`epw!!Iy!3'Tfbu $/Ixj t p!pw! 0Lr}$eR( WDz>V Ds*ik[hCZu2ihhhhhh^`o(.^`.pLp^p`L.@ @ ^@ `.^`.L^`L.^`.^`.PLP^P`L.  ^ `o(.h ^`OJQJo(h ^`OJQJo(oh pp^p`OJQJo(h @ @ ^@ `OJQJo(h ^`OJQJo(oh ^`OJQJo(h ^`OJQJo(h ^`OJQJo(oh PP^P`OJQJo( ik[V CZu K$Fg,dH.Odllҥt<H.fۚ_6q3t:@r@D`&[LʀLV֣!KА$:$LD#ط_[Fky[4)rܞ ̄.k|3)cbѼ®rIj J]G(F0]:6ZNg:                  8@ Y%VH) T*a2<5m:M?'lkx#zF@@U #MX_')+eSTMNn!(_@ww<ww!@Unknowngz Times New RomanTimes New RomanCSymbolSymbol3& z Arial3Times?5 z Courier New;Wingdings qh 3uF !<!<!24d!!2 2qP J 2Economics 111 Syllabus claudio paivaCSU USER0         Oh+'0  $ D P \ ht|Economics 111 Syllabus claudio paiva Normal.dot CSU USER9Microsoft Office Word@Dw@?@ x@Ry!GpVT$m  m&" WMFCd zlUT#m EMF~; .'   %  Rp@Times New RomanGz Times ew Roman̻wL?s0lN0(dv%  TZ3@R@ L`Economics 7%*.+D% TTZ3@R@LP47*TXZ- 3@R@LP99**TT. ZB 3@R@. LP TTB Zm 3@R@C LP *TTm Z 3@R@m LP T| Z 3@R@ L\Capstone<*. *.%TT Z 3@R@ LP TT Z 3@R@ LP )TT Z! 3@R@ LP T" Z 3@R@"  LdSpring 2009..%.*****TT Z 3@R@ LP , % TT<H3@R@7LPC<Rp@Times New Roman#1 0|ˮ0`1 0Gz Times ew Roman / 0pˮ030lN0(dv% TH= H3@R@=7*Lalifornia State University Channel Islands** .*.*%<.%%! %8.*..%! *.* % TT  H3@R@ 7LP TT , H3@R@ 7LP . T~K 3@R@LpDr. Claudio Paiva <%<*..*3***TTL ~w 3@R@L LP , Rp@Times New Roman#1 0|ˮ0`1 0Gz Times ew Roman / 0pˮ030lN0(dv% TT  k3@R@ XLP % T|"3@R@L\MeetingsJ%%*) TX#N3@R@#LP: T|O3@R@OL\We 9 am O%*&?TT3@R@LP TT3@R@LP *TT3@R@LP @TX83@R@LP11**TT9O3@R@9LP:TXP3@R@PLP50**TT3@R@LP TT3@R@LPp)TS 3@R@Lpm at Bell Tower 1@%8%4*:%*T`T  3@R@T LT372***Tp N 3@R@ LX TpO  3@R@O LXFinal .)%T|  3@R@ L\Project /)%%TT K 3@R@ LPD<TXL  3@R@L LPue)%TT  3@R@ LP:TT  3@R@ LP aTl  3@R@ LXMay 1J%(*TT  3@R@ LP3H*TT  3@R@ LP &!"  T23@R@|LhOffice Hours: <%%<*)!T2g3@R@| LdTu 4:30 pm 4)****?TTg23@R@h|LP 5*T2Y3@R@| Ld 5:30 pm; We****?O%TTZ2n3@R@Z|LP :Txo2 3@R@o|L\1:00 pm****?TT 2 3@R@ |LP TT 2 3@R@ |LP-TT 2 3@R@ |LP TT 2 3@R@ |LP20*T| 2 3@R@ |L\:00 pm; **+@T 2 3@R@ | Lhand by appoint%)**(%***)Tl 2 3@R@ |LXtmentt@&)TT 2 3@R@ |LP &!"  T*!3@R@LpOffice Location: <%%2*%%*)T+-!3@R@+LhSage Hall 2039.&)%<%****Td.!3@R@.LT T !3@R@LPhone: (805) 437 2684 E/)*)%****)**)**3TT  !3@R@ LP-T! #&" WMFC Z!3@R@! Lmail: claudio.paiva@csuci.edu?&%&)***%)%L& )%&*)TT$H!3@R@$LP %!"  % T3@R@LpCourse Description<*.% %<% %%.*.TT3@R@LP - % Tw3@R@dkL$This is a required upper division course in the Bachelor of Arts in Economics. The course is a culminating 4)  %%*)%*)**%*) *)%*) %))%8%%)%**< )3%*)+@% 4)%%*) % %%)@)%)) T yH3@R@ Lexperience for economic majors t%)*%%)%%*%%*)+@%?%* TIys3@R@IFLhat integrate material from previous economics courses. Students will )%)%)%%@%%%+?*%)*) %%*)+@% %*) % /)*%) ; T063@R@#aLdevelop a topic for a senior paper in consultation with the instructor. The paper will address a a*%)%**%**%*% %)**$*%)%*) )%*);))%* )%*4)%*%*%:%**%! % Td93@R@YLcontemporary economic issue or problem or could be based on an experiential learning expep%*)&?**%(%%*)+@% !)%****%?*%*)**%*% %**)%)%)*%&)%%%**)%**%T|93@R@L\rience. %)%%TT93@R@LP % % TZ 3@R@I LCourse Learning Objectives<*.% %7%*%..*A.%%*% TTZ 3@R@I LP - % T  3@R@ iL Students who successfully complete this course will be able to: define an issue using economic concepts, ,.)*&) ;)* )%%& !)(%+?+%%* %*) %;*%%*%**%)%%) !)%* ))%%***@%%*)%%*  T KL 3@R@9 Lptools and methodsd** %)*?%)** TXL wL 3@R@L9 LP; Tx L 3@R@x9 <Lanalyze the issue using economic concepts, tools and methods%)%)%%*% !)%)!*)%%*)+@%%*)%&* ** %)*?%)** T` L 3@R@ 9 LT; p *T L 3@R@ 9 L|resent analyses orally y% %*%)%) % *%( TN > 3@R@ L`and in wri%)*);T`?N 3@R@? .Lting to their peers and to a larger audience. *)*)%*%% %***%%)%%)*%)%%TT N  3@R@ LP % % T o 3@R@^ LThis Offering of Capstonen7. A%%.**<*. *.%TT o 3@R@^ LP , % T  3@R@ mL(Students will work in pairs to: (1) formulate a set of consistent macroeconomic projections for a developing g.)*&) ;:*))*% ***@)%%% %*%** !&)?%%*%%*)+@%**%%*) *%*%)%**)) T a 3@R@N Ltcountry over a three%*))(+)%%)%%TT a 3@R@N LP-T a 3@R@N 5Lyear horizon; (2) identify the main macroeconomic iss)%%)*%*)**%)()%@%)?%&*%%*)*?% !T  a 3@R@ N L&" WMFC :|ues emerging from these )% &@%**)*?)% % Td { 3@R@ _L projections; (3) propose a set of policy actions to improve the country s macroeconomic outlooko*)%%*) ***** %% %***&(%%*) *@**)%)%%*)*) @%%*%%*)+?%*)**)TX|d  3@R@| LP. TTd  3@R@ LP % Td S 3@R@@ YLThe methodology that will be employed to formulate these projections has been extensively4)%?%)*****()%;*%&?*+(%***@)%%)% %+*%%*) )% *%%)%)&)!)%)T S 3@R@@ L` used by * %**( TU  3@R@ hLnational governments, financial institutions, and international organizations. It basically consists in )%*)%)*)%*@%) )&)%%) **) &)*)%)%**%*)%)%%+) *% %%(&*) ! ) T 3@R@ Lhapplying and %**(*)%)*T 03@R@ Ldintegrating *%)%*)T41 3@R@1 QLthe theoretical and behavioral relationships among macroeconomic aggregates that )%*%*%%%%)**%)%)*%%%*) ** &?+))@%%*%%*)+?%%))&)%% )% Tdhr3@R@_LTare %%Tir3@R@i_!Ltaught in the economic curriculum%)*)))%%%*)+@%%)%)*@Tr3@R@_@L (mainly in the areas of macroeconomics, money and banking, and @%*())%%%% *?%%*%%*)+@% ?+)&)%)+*%))))&)* TuP3@R@Linternational economics). )%)&*)%%%*)+@% TTQuv3@R@QLP r& TP d3@R@QVLAs a starting point, you will be given a comprehensive set of economic data, a report < % %))**)(+);*%))&)%%+?*%)&) )% &*%%*)+@%*%%%%**T fd3@R@ Q L`discussing* %)! *)TTg{d3@R@gQLP gT|d3@R@|Q L`the main r)%?%) T|f03@R@L\economic%%*)+?%T1f 3@R@13L issues in your target country, and general assumpt! )& )(*)%)%%*))(&)*)&)%%% !*?*Tl fh 3@R@ LXions *) Ti f 3@R@i  L`regarding%)%**)Tl f7 3@R@ LX the )%T8 f3@R@8 Ltperformance of the *%*?%)%&*)%Txf3@R@L\global ***% T|2#3@R@L\economy %%*)+@(Tp3 #3@R@3LXduring+)*)Tl #3@R@ LX the )%T#3@R@Lpprojection period**%%))*%**TT#3@R@LP.TT#3@R@LP T #3@R@LDuring our weekly meetings <)))*);%&)(@%%)* T  #3@R@ LlI will provide @;**)*%T| #3@R@ L\regular %))&T#3@R@ L`guidance ))*%)%%TX=#3@R@LPon+)Tl>#3@R@>LX&" WMFC  the )% T&~3@R@p Ldappropriate %**)*%%T&3@R@p Ldforecasting *%%% *)T &H 3@R@p Lmethodology and its application ?%)+****(%)* %**%%*)TXI & 3@R@I pLPto*T & 3@R@ p Ld your counti**)%*))T &3@R@ pLxry. I will have power (;)&)%*+:%Tp&3@R@pLXpoint **) T03@R@ L`presentati*% %)%T13@R@1bLons and other reading material that may help you elaborate your projections. Additional help will ** %)**)%%%**)?%%&)%@&()%*(+)&%**%%(*)**%%*) ;***)%)&*: T C3@R@04Lbe available during office hours and by appointment.*%%)%%*%*)*)*%%)+* %)*+(%***)?&)TT  C3@R@ 0LP & % TL3@R@ L`Countries<*..%% TTMz3@R@MLP . % T\;3@R@-LThe countries covered in this course will be 4)%%*))% %*)%%*)) %*) %;*%% T ;. 3@R@ LAlgeria, Bangladesh, and Vietnam;)%%8%*)&*% )%)*<%)&?'% Ld. |!??% ( T/ ;3@R@/ Lp. Random drawings 7%)*+?+&:)* Tl;e3@R@LXwill ; Tp3@R@LXassign% ))T 3@R@ L` a country%%**)(T 3@R@ Lh to each group*%%%))*)+T3@R@EL. There will be two different groups working with each country. Some 4)%%:*%;**%%***)* :*)*);)%%%)%***(.+?% Td{X3@R@EYLcollaboration is allowed: you may exchange ideas, but I expect different projections and %*%**%*) %+:%*(+)@&(&)&)%*)%*%% *)%)+%%*%&)**%%*) %)*T||X3@R@|EL\outcomes*)%+?& TTX3@R@ELP.TTX3@R@ELP & % T`w3@R@ LTThe7.%TTx3@R@x LP T3@R@  L`Capstone e<*. *.%Tx3@R@ L\Project3%*%%TT3@R@ LP - % TdQ3@R@LTThe 4)%% TQ/3@R@ Lhfinal product)%***)%'% Ld/!??% ( T0Q93@R@0Ll expected from @%)*%%%*+@T9Q3@R@:ELyou is (1) a set of tables showing the recent performance of various (+) *% %*%*% !)*;*))%%%&)*%*?&)%%*)%**  Tl3@R@LXmacro@%%*T3@R@Leconomic aggregates and your %%*)+?%&))&)%% &**(+)T 3@R@Lxinternally consistent )%)&(%+)  %*Th 3@R@ /Lprojections for these aggregates over the next **%%*) *)% %%*)&)%% *)%) &2WMFC%)&) Tm3@R@Z Lhthree years; )%%(%% Tdm3@R@ZLTand &)*TKm3@R@ZLp(2) a short paper *% )**$*%T`Lm3@R@LZLTof *T m3@R@ZLabout 5 pages discussing e%**)**%)% * %) !*)Td  m3@R@ ZLTyour(+)T  m3@R@ ZLp projections, the*)%%*) )%T m3@R@ ZLx main economic issues @%)&%*)+?%! )&  Thp3@R@/Lfacing this country in the years ahead, and your%%))) %+)))))%)%% %)%%*%)*(*)TTp 3@R@LPrTT p- 3@R@ LP T. pv 3@R@.  L`suggestedg!*))& %*T<w p3@R@w (L policy measures to improve this outlook**&(?%& )& *?**)%*!*)**)Tlpz3@R@LX. We @O% T-3@R@ Lhshall define )%*&)%T-3@R@ L`together @+)%)%T -3@R@=Lthe relevant set of tables during the first week of classes. )%%%*%) %*%*& *)*))%!:%&)*%%! % TX y -3@R@ LPTh4)TTz  -3@R@z LPe%T -3@R@ L final report is due May )%&** *)%J%( T03@R@zLt13 and will count fo**%)*:%**)*T0 3@R@zLr 60 percent of your grade.***$%$)*(+))%*%TT 0) 3@R@ zLP % T3@R@ LYou will also prepare a short <*);% **%*%%% )*% T]3@R@  Ldpresentation*% %)%*)'% Ld]!??% ( T^3@R@^ AL summarizing your final report. You should be prepared to answer r *A@%%))(+*)%%**<*) )+)**%)%*%%**%)!;%% 666666666666666666666666666666666666 6 66 6  6 66 6  6 66 6  6 66 6  6 66 6 66666666666666666666  ."System-@Times New Roman- 2 zH Economics    2 z4)2 z99 2 z ) 2 z) 2 z )2 zCapstone  2 z ) 2 z) 2 z )2 z Spring 2009 2 zO )- 2 CC) @Times New Roman-J2 N*alifornia State University Channel Islands    - 2 T ) 2 X )&2 Dr. Claudio Paiva     2  )@Times New Roman- 2  )2 Meetings2 : 2 We 9 am   2  ) 2 ) 2  )2 11 2 :)2 #50 2 2 ) 2 6p)&2 =m at Bell Tower 1    2 372 2  2 Final 2 Project  2 -D) 2 7ue 2 F:) 2 J )2 MMay 1c 2 t3) 2 | ),' 2 Office Hours:  2 Tu 4:30 pm s   2 ()2 /  5:30 pm; We  2  )2 1:00 pm  2  ) 2 -) 2  ) 2 2)2 :00 pm;  2  and by appoin2 Rtmentm  2 t ),'%2 Office Location:    2 Sage Hall 2039  2 K 22 ZPhone: (805) 437 2684 E  2 -)72 mail: claudio.paiva@csuci.edu   2  ),'-&2 <Course Description   2 < )-2 VkThis is a required upper division course in the Bachelor of Arts in Economics. The course is a culminating       ;2 g experience for economic majors t  t2 gPFhat integrate material from previous economics courses. Students will     2 yadevelop a topic for a senior paper in consultation with the instructor. The paper will address a    2 Ycontemporary economic issue or problem or could be based on an experiential learning expe   2 rience.  2  )-22 Course Learning Objectives     2 ; ) -2 iStudents who successfully complete this course will be able to: define an issue using economic concepts, g    %2 tools and methodsn 2 ; e2 <analyze the issue using economic concepts, tools and methods  2 r; p .2 resent analyses orally 2  and in wri P2 .ting to their peers and to a larger audience.  2  )-12 This Offering of Capstone    2 / )-2 )mStudents will work in pairs to: (1) formulate a set of consistent macroeconomic projections for a developing      )2 :country over a three 2 :-)[2 :5year horizon; (2) identify the main macroeconomic iss   /2 :Kues emerging from these   2 K_projections; (3) propose a set of policy actions to improve the countrys macroeconomic outlook   2 K.  2 K )2 fYThe methodology that will be employed to formulate these projections has been extensivelyu     2 f  used by 2 whnational governments, financial institutions, and international organizations. It basically consists in  2  applying and 2  integrating 2 Qthe theoretical and behavioral relationships among macroeconomic aggregates that    2 are =2 !taught in the economic curriculum  k2 l@ (mainly in the areas of macroeconomics, money and banking, and     22 international economics).   2 # )2 VAs a starting point, you will be given a comprehensive set of economic data, a report    2  discussing 2  )2  the main  2 economic X2 3 issues in your target country, and general assumpts 2 ions m2  regarding2 H the m(2 bperformance of the  2 global c2 economy  2 during2  the g%2 projection periode 2 j.) 2 n )42 rDuring our weekly meetings   "2 !I will provide  2 vregular 2  guidance o2 on2  the a2  appropriate 2  forecasting ;2  methodology and its application 2 to2   your count ,2 +ry. I will have power   2 point 2  presentati2 bons and other reading material that may help you elaborate your projections. Additional help will     Y2 4be available during office hours and by appointment.  2  )-2 @ Countries  2 @ ) -O2 Z-The countries covered in this course will be   -;2 Z Algeria, Bangladesh, and Vietnam    - @ ![-&2 Z`. Random drawings    2 Zwill 2 kassign2 k  a country 2 k to each groups2 k>E. There will be two different groups working with each country. Some       2 |Ycollaboration is allowed: you may exchange ideas, but I expect different projections and   2 |outcomes  2 |.) 2 | )-2 The  2  )2  Capstone  2 Projects  2  )-2 The -2  final product- @ !M-"2  expected from  s2 MEyou is (1) a set of tables showing the recent performance of various   2 macroc 72 economic aggregates and your  ,2 hinternally consistent R2 /projections for these aggregates over the next 2  three years; m2 and &2 (2) a short paper 2 Qof 12 aabout 5 pages discussing 2 your%2  projections, the ,2 u main economic issues   R2 /facing this country in the years ahead, and you 2 r) 2  )2  suggestedG2 ( policy measures to improve this outlook  2 . We c2  shall define 2  together ig2 =the relevant set of tables during the first week of classes.  2 ]Th  2 ne)12 u final report is due May  )2 13 and will count fo 42 r 60 percent of your grade. 2  )82 +You will also prepare a short  -2 +9 presentation- @ !I-9-m2 +A summarizing your final report. You should be prepared to answer o   -՜.+,0 hp  eCSU Channel Islands<!' Economics 111 Syllabus Disability Accommodations: QCal State Channel Islands is committed to equal educational opportunities for qu Title Headings !"#$%&'()*+,-./013456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~Root Entry F`Z^y1Table 9#WordDocument0>(2<DocumentSummaryInformation8CompObjq  FMicrosoft Office Word Document MSWordDocWord.Document.89q