Textbook:
Course DescriptionMacroeconomics is a study of the behavior and performance of the economy as a whole. It focuses on economic aggregates such as total economic output, employment, inflation, and economic growth. In this course students will be introduced to the macroeconomic theory and the tools of macroeconomic analysis as well as policy issues pertaining to macroeconomic problems. |
| TEXT BOOK AND OTHER COURSE MATERIALS |
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Textbook: |
COURSE OUTLINE |
Introduction |
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The Basic Economic Problem |
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Supply and Demand and the Working of a Market Economy |
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Fundamental Macroeconomic Problems and Goals |
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Economic Systems |
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The United States and The World |
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National Income Accounting: GDP |
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Macroeconomic Problems |
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The Aggregate Expenditures Model |
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The Aggregate Demand and Supply Model |
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Fiscal Policy |
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Money, Banks and the Economy |
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Monetary Policy |
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Aggregate Supply and the Economy |
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Disagreements in Macroeconomics |
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Economic Growth |
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Budget Deficits and the Public Debt |
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International Trade and Finance |
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Exchange Rates and The Balance of Payments |
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Economic Problems of the Developing World |
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| EVALUATION PROCEDURE |
| There will be three in-class examinations including the final which will be cumulative. These tests will carry a total of 100 points. No make-up exams will be given. Students who miss an exam as a result of illness or other extenuating circumstances may request that their final exam grades be weighted more heavily to compensate for the missed exam. |
| Test 1 | Monday, October 1 | 25 POINTS |
| Test 2 | Friday, November 9 | 30 POINTS |
| Final | Saturday, December 15, 10:30-12:30 | 45 POINTS |
| Total | 100 POINTS |
| ATTENDANCE |
| Students are required to attend classes regularly as excessive absences could adversely affect their performance and, thus, their grades in the course. |
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| Monday | 1:45 - 2:30PM |
| Wednesday | 2:00- 3:15 PM |
| Thursday | 11:30-12:30 |
| Other times | by appointment |