Economics 200
Principles of Macroeconomics

Fall 2001


Course Description

Macroeconomics 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.






The Basic Economic Problem

Supply and Demand and the Working of a Market Economy

Fundamental Macroeconomic Problems and Goals

Economic Systems

The United States and The World

National Income Accounting: GDP

Macroeconomic Problems

The Aggregate Expenditures Model

The Aggregate Demand and Supply Model

Fiscal Policy

Money, Banks and the Economy

Monetary Policy

Aggregate Supply and the Economy 

Disagreements in Macroeconomics 

Economic Growth

Budget Deficits and the Public Debt

International Trade and Finance

Exchange Rates and The Balance of Payments

Economic Problems of the Developing World 

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

Students are required to attend classes regularly as excessive absences could adversely affect their performance and, thus, their grades in the course. 

Office Hours
Monday 1:45 - 2:30PM
Wednesday 2:00- 3:15 PM
Thursday 11:30-12:30
Other times by appointment