Principles of Macroeconomics Syllabus

(Econ 2301, Sect. 35142)

Summer 2009


Instructor:  Bryan Zhang                                                                     Email:

Office Hour: by appointment                                                      Phone: (512) 223-1795 ext. 26376


Course Description


This course introduces the fundamental concepts of Macroeconomics used by people as economic researchers, policy-makers and corporate executives. Key elements include the study of scarcity, supply and demand, market structures, the role of government, national income determination, money and the role of financial institutions, and trade.


Classroom Rules


• Students will treat everyone with respect.

• When the teacher is talking, the students will not speak

• Students must ask permission to leave the classroom.




N. Gregory Mankiw, Principles of Macroeconomics, 5th edition, South-Western, 2008, ISBN # 0-324-59131-4




• 8 Assignments                full points = 240, 3 questions each assignment, each question = 10

• 1 Final Exam                  full points = 360, 90 multiple choice questions, each question = 4

Total possible maximum points = 600


The final grade will be:           A = 510 – 600 points  

B = 420 – 509 points

C = 360 – 419 points  

D = 300 – 359 points

F = 299 points and below

                                                I (incompletes are given in rare circumstances and only with instructor approval)

Email notice to the instructor before the Midterm or Final Exam is required for a make-up exam. All assignment will be distributed in the class. No make-up assignment will be granted after the class.


Instructional Methodology




Course Rationale


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.


Minimum Course Objectives


Students who complete this course will be able to understand:

      • unemployment and inflation data and how that data is collated and computed;

      • the meaning and components of the National Income Accounts, especially GDP;

      • Aggregate Supply, Aggregate Demand model of the macro-economy;

      • how a fractional reserve banking system works;

      • how monetary policy operates, its tools and its advantages and drawbacks


Academic Honesty


Each student is responsible for maintaining high standards of academic honesty and ethical behavior.  In order that each student understands what is (or is not) acceptable behavior, the following guidelines are offered. 

Discussions of assignments with other students and members of the faculty is both permitted and encouraged as a constructive educational practice. Students are expected to take their own exams, copying of another’s work and representing it as one’s own work is a serious academic offense, and will be treated as such.

Office for Student with Disabilities


It is the policy of University of Austin Community College that no otherwise qualified disabled individual shall, solely by reason of his/her disability, be excluded from the participation in, be denied the benefits of, or be subjected to discrimination under any academic, student Life program, or activity.  Disabled students may request academic assistance when needed from the Disabled Student Services.  Any student who, because of a disabling condition, may require some special arrangements in order to meet course requirements should contact the instructor as soon as possible to make necessary accommodations.  Students should present appropriate verification from Disabled Student Services.

Attendance / Participation

Attendance and class participation is vital to your education and that of your classmates. You should come to every class having prepared appropriately.  All students are expected to participate in everyday class discussion, small group exercises and other activities.

Policy on Incomplete


It is the student who has the responsibility to withdraw themselves but the instructor reserves the right to withdraw a student, due to the lack of progress or lack of attendance.

Course Schedule


06/02     Class Introduction

06/04     Chapter 01 - The Principles of Economics

06/09     Chapter 02 – Thinking Like an Economist

06/11     Chapter 04 – The Market Forces of Supply and Demand

06/16     Chapter 10 – Measuring a Nation’s Income

06/18     Chapter 11 – Measuring the Cost of Living

06/23     Chapter 13 – Saving, Investment, and the Financial System

06/25     Chapter 16 – The Monetary System

06/30     Chapter 20 – Aggregate Demand and Aggregate Supply

07/02     Final Exam




The syllabus is subject to change as deemed necessary by the instructor.