Macroeconomics 2301
Professor:
Marianna
Sidoryanskaya
Sections
21406 OFFICE
HOURS:
RGC:
F.
Spring,
2005 E-mail: msidorya@austincc.edu
Conferences outside of office hours can be arranged
Ph. 223-2093
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.
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.
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. Students are
responsible for withdrawing themselves from this course if that is what their
personal situation requires. This means that if you have taken no tests or only
a few of the tests and the semester ends without you having withdrawn yourself,
then you will receive an F in the course. The
instructor makes no promise either implicit or explicit to withdraw students
from the course. However, the instructor does reserve the right to withdraw
students if the instructor believes the situation warrants such action. For
example, if a student misses more than five classes, the instructor can
unilaterally initiate a student withdrawal.
The last day to withdraw from this course without penalty is Monday,
April 18..
Instructional Methodology:
lecture, lecture/discussion
TEXT: Roger A Arnold, MACROECONOMICS,
14 |
An Introduction to Economics: What Economics is about? (Chapter 1) |
|
Economists Build and Test Theories (chapter 1) |
|
Working with Diagrams (chapter 1, appendix A) |
21 |
The Production Possibilities Frontiers (chapter 2) Trade or Exchange ( chapter 2) |
28 |
Demand (chapter 3) |
|
Supply (chapter 3) |
|
The Market: Putting Supply and Demand Together (chapter 3) |
February |
|
04 |
QUIZ 1, Prices and Unemployment (chapter 5) |
|
Job Search Theory (chapter 5) |
11 |
Gross Domestic Product (chapter 6) |
|
Two Ways of Computing GDP (chapter 6) |
|
Other National Income Measurements (chapter 6) |
18 |
Aggregate Demand (chapter 7) |
|
Short Run and Long Aggregate Supply (chapter 7) |
25 |
The Self –regulating Economy (chapter 8) |
|
Review for Exam 1 |
March |
|
04 |
EXAM 1
|
11 |
Demand-side Fiscal Policy (chapter 10) |
|
Supply-side Fiscal Policy (chapter 10) |
25 |
Taxes (chapter 11) |
|
Major Federal Government Spending Programs (chapter 11) |
|
Money (chapter 12) |
|
How Banking Developed (chapter 12) |
|
The Money Creation Process (chapter 12) |
April |
|
01 |
QUIZ 2, The Federal Reserve System (chapter 13) |
|
Fed Tools for Controlling the Money Supply (chapter 13) |
|
Money and the Price Level (chapter 14) |
08 |
Inflation (chapter 14) |
|
Money and Interest Rates (chapter 14) |
|
Monetary Policy and the Problem of Inflationary Gap (chapter 15) |
|
Monetary Policy and the Problem of Recessionary Gap (chapter 15) |
15 |
QUIZ 3, Phillips Curve Analysis (chapter 16) |
|
The Controversy Begins (chapter 16) |
|
Rational Expectations and New Classical Theories (chapter 16) |
22 |
Economic Growth (chapter 17) |
|
New Growth Theory (chapter 17) |
|
Review for Exam 2 |
29 |
EXAM 2
|
|
Grade Check And Review For Optional Final |
May |
|
06 |
OPTIONAL FINAL EXAM
|