Macroeconomics 2301
Section
25133
Summer,
2005
INSTRUCTOR: Dr. Marianna Sidoryanskaya
OFFICE HOURS:
NRG: Adjunct faculty office
T., Th.
E-mail: marianna@eco.utexas.edu
Conferences
outside of office hours can be arranged
Course Description: 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.
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.
Course Objectives:
Students who complete this course will be able to understand:
EVALUATION: Student performance will
be based upon:
¨
EXAMS: 2 exams, each worth 100
points.
¨
RETESTING: None, but you get an
optional final
¨
QUIZZES: Three quizzes, each quiz
worth 10 points
¨
ATTENDANCE: Each student starts with
30 points; each absence counts 2 points regardless of reason; extra points
sometimes given for attendance at instructor’s discretion. The instructor will
drop students who missed 10 classes. Thus, it is important that you inform me
in a timely fashion of any extenuating circumstances that will prevent you from
fulfilling the course requirements.
GRADING:
Final letter grades will be distributed
according to the following scale:
Letter Grade |
Points |
|
A |
200
and above |
|
B |
180-199 |
|
C |
160-179 |
|
D |
140-159 |
|
F |
139-0 |
|
|
|
|
INCOMPLETES: Incompletes are discouraged. They will
be given only when extraordinary events intervene so as to make completion of
the course impossible. If you want an incomplete, these events must be documented.
To receive an incomplete the student must have completed the first exam and
quiz with a C or better. The student must also come by my office to fill out an
incomplete form. If the form is not filled out, an incomplete grade will not be
given.
Incompletes will not be given to students who are behind schedule when the
semester nears its end. Nor will incompletes be given to students who need just
a few more points to make the next higher letter grade. Plenty of opportunity
exists during the semester to accomplish your goals.
Instructional Methodology:
lecture, lecture/discussion
Scholastic dishonesty: Acts prohibited
by the college for which discipline may be administered include scholastic
dishonesty, including but not limited to cheating on an exam or quiz,
plagiarizing, and unauthorized collaboration with another in preparing outside
work. Academic work submitted by students shall be the result of their thought,
research or self-expression. Academic work is defined as, but not limited to
tests, quizzes, whether taken electronically or on paper; projects, either
individual or group; classroom presentations, and homework.
Students with disabilities: Each ACC
campus offers support services for students with documented physical or
psychological disabilities. Students with disabilities must request reasonable
accommodations through the Office for Students with Disabilities on the campus
where they expect to take the majority of their classes. Students are
encouraged to do these three weeks before the start of the semester.
WITHDRAWALS: This is a STUDENT
responsibility. Be aware of ACC deadlines.
TEXT: Roger A Arnold,
MACROECONOMICS,
23 |
An
Introduction to Economics: What Economics is about? (Chapter 1) |
|
Economists
Build and Test Theories (chapter 1) |
|
Working
with Diagrams (chapter 1, appendix A) |
24 |
Exchange
or Trade (chapter 2) |
|
The
Production Possibilities Frontiers (chapter 2) Economic
Questions and Economic Systems (chapter 2) |
25 |
Demand
(chapter 3) |
|
Supply (chapter 3) |
26 |
The
Market: Putting Supply and Demand Together (chapter 3) |
30 |
QUIZ 1, Prices and Unemployment
(chapter 5) |
|
Job
Search Theory (chapter 5) |
|
Gross
Domestic Product (chapter 6) |
31 |
Two
Ways of Computing GDP (chapter 6) |
|
Other
National Income Measurements (chapter
6) |
June |
|
1 |
Aggregate
Demand (chapter 7) |
|
Short
Run Aggregate Supply (chapter 7) |
2 |
Long
Run Aggregate Supply (chapter 7) |
6 |
Review
for Exam 1 |
7 |
EXAM 1 |
8 |
Demand-side
Fiscal Policy (chapter 10) |
|
Supply-side
Fiscal Policy (chapter 10) |
9 |
Taxes
(chapter 11) |
|
Major
Federal Government Spending Programs (chapter 11) |
13 |
Money
(chapter 12) |
|
How
Banking Developed (chapter 12) |
|
The
Money Creation Process (chapter 12) |
14 |
QUIZ 2, The Federal Reserve
System (chapter 13) |
|
Fed
Tools for Controlling the Money Supply (chapter 13) |
15 |
Money
and the Price Level (chapter 14) |
|
Inflation
(chapter 14) |
16 |
Money
and Interest Rates (chapter 14) |
20 |
QUIZ 3, Monetary Policy and the
Problem of Inflationary Gap (chapter
15) |
|
Monetary
Policy and the Problem of Recessionary Gap (chapter 15) |
21 |
Phillips
Curve Analysis (chapter 16) |
|
The
Controversy Begins (chapter 16) |
22 |
Rational
Expectations and New Classical Theories (chapter 16) |
|
Economic
Growth (chapter 17) |
|
New
Growth Theory (chapter 17) |
23 |
Review
for Exam 2 |
27 |
EXAM 2
|
28 |
Grade
Check And Review For Optional Final |
29 |
OPTIONAL FINAL
EXAM
|