AUSTIN COMMUNITY COLLEGE
PRINCIPLES OF MACROECONOMICS
ECONOMICS 2301
FALL SEMESTER, 2007
INSTRUCTOR: DR. CHARLES AKI
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COURSE GUIDE
CLASS SCHEDULE AND OFFICE HOURS
06505, ECONOMICS 2301
OFFICE HOURS: WEDNESDAY 5:30 PM – 6:30 PM
OFFICE: Room 2224, CYP CAMPUS, TEL: 461-9477
E-MAIL: charlesaki@yahoo.com
TEXTBOOK: PRINCIPLES OF MACROECONOMICS
BY N. GREGORY MANKIW, 4th Edition
Principles of Macroeconomics deals with consumers as a whole, producers as a whole, the effects of government spending and taxation policies and the effects of the monetary policy carried out by the Federal Reserve Bank. Macroeconomics is concerned with unemployment, inflation, and the business cycle.
This course is meant to give students insight into the dynamics of our national economy. The knowledge gained in the course will make students better informed citizens and allow them to follow the debates over national economic policy reported in the news media. This course is also a foundation course that will prepare students to be successful in upper division finance, marketing, business administration, economics, government, and social work courses.
Students who complete this course will be able to understand:
-the meaning of unemployment and inflation data and how that data is collected and computed;
-the meaning and components of the National Income Accounts, especially GDP;
-the meaning of the business cycle and its phases;
-and to manipulate the basic Aggregate Supply, Aggregate Demand model of the macro economy;
-how fiscal policy operates, its tools, and its advantages and drawbacks;
-how a fractional reserve banking system works;
-how monetary policy operates, its tools, and its advantages and drawbacks.
CLASS PROCEDURE
The class schedule is attached. In the schedule you will find the required reading in the textbook for each week. Read the material before each class time. You are required to submit an outline of each period's required reading every Wednesday. You will earn 10 points for each outline that is properly turned in. All 8 outlines will yield a total of 80 points, equivalent to 8 percent of the course grade. There will be one mid-term exam (worth 400 points) and a final exam (worth 400 points). To help you review for these exams, there will be two quizzes, each worth 60 points, for a total of 120 points.
ATTENDANCE
You are required to adhere strictly to all college requirements for attendance. Serious absences, excused or not, are grounds for withdrawal. All absences must be cleared with me.
GRADING POLICY
Please refer to the Student Handbook for complete grading system. I will assign grades of A, B, C, D, I or F in this course. The following scales and weights will be applied:
GRADE SCALE POINTS WEIGHTS
A = 90 - 100 MID-TERM EXAM 400 (40%)
B = 80 - 89 FINAL EXAM 400 (40%)
C = 70 - 79 WEEKLY OUTLINES 80 (8%)
D = 60 - 69 REVIEW QUIZZES 120 (12%)
F = Below 60 TOTAL 1000 (100%)
AUSTIN COMMUNITY COLLEGE
PRINCIPLES OF MACROECONOMICS
ECONOMICS 2301
FALL SEMESTER, 2007
INSTRUCTOR: DR. CHARLES AKI
________________________________________________________________________
COURSE SCHEDULE
DATE TOPIC MATERIAL
________________________________________________________________________
AUG 29 The Principles of CHAPTER 1
Economics
SEPT 5 Thinking Like An CHAPTER 2
Economist
SEPT 12 – SEPT 19 Interdependence and CHAPTER 3
The Gains from Trade
Market Forces of CHAPTER 4
Supply and Demand
SEPT 26 - OCT 3 Elasticity & Its CHAP 5
Applications
Supply, Demand & Government
Policies CHAP 6
OCT 3 Review Quiz
OCT 10 Review for Mid-Term Exam
OCTOBER 17 MID-TERM EXAM (CH 1 - 6)
OCT 24 Measuring a Nation's Income CHAP 10
OCT 31 Measuring the Cost of CHAP 11
Living
NOV 7 The Natural Rate of CHAP 15
Unemployment
NOV 14 The Monetary System CHAP 16
NOV 21 Money Growth & Inflation CHAP 17
NOV 28 Aggregate Demand & CHAP 20
Aggregate Supply
Influence of Monetary Policy & CHAP 21
Fiscal Policy on Aggregate Demand
NOV 28 Final Review Quiz
DECEMBER 5 Review for Final Exam
DECEMBER 12 FINAL EXAM (CHAP 10-11, 15-17 & 20-21)