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Principles of Macroeconomics: Section 3

RUTGERS UNIVERSITY
Department of Economics
Economics 103 ~ Principles of Macroeconomics ~ Fall 2012
Section 03: Tu. Th. 3:00 to 4:20 PM (Armitage Building: ATG – 101)

Instructor:

Babu N. S. Dasari

Office Hours:

Tu. Th. 2:00 – 3:00 PM (Armitage Hall – 317)

Email:

babu.dasari@rutgers.edu

(Email contact is strongly preferred; you must use your Rutgers email, and always mention course number & section in your email. During the week, I will normally respond within 48 hours. If I have not responded within 48 hours, please send a follow-up email) 

Prerequisites

  • Basic Algebra

Textbook

Michael Parkin, Macroeconomics, Addison Wesley (Pearson) 10th ed., 2012 (buy with access code to MyEconLab) ISBN: 9780132950961

Course Goals:

This course presents an introduction to macroeconomics.  A basic understanding of the ideas presented in this class will be useful in understanding what is happening in the economy and provide a basis for further study in economics. The course goals are to understand the following:

  1. interaction of households, business, government, and foreign sector in the market economy.
  2. determination of national income, employment, and prices.
  3. origins and role of money and financial institutions in a national economy.
  4. influence of government on macroeconomic activity through monetary and fiscal policy.
  5. impact of the world economy on relevant domestic variables.

Grading

Your grade in the course will be determined as follows:

Attendance

Online Homework

Mid Term 1

Mid Term 2

Final

10%

15%

20%

25%

30%

Attendance has a weight of 10% in your course grade. There will be 2 midterms. Midterm 1 will be from Chapters 1, 4 and 9 comprising of 20% of your course grade. Midterm 2 will be from Chapters 5, 6 and 11 comprising of 25% of your course grade.  The final exam will be from Chapters 10, 13, 8 & 14 on Thursday, May 15, 2013 between 2:00 PM and 5:00 PM.  

There is a 15% weight given to your online homework. In order to do your online homework, you should gain access to MyEconLab / PearsonMyLab. The following are couple of options to gain access to PearsonMyLab for doing your online homework.

  1. Buy hard textbook with package – PearsonMyLab  / MyEconLab
  2. Buy e-textbook with package – PearsonMyLab  / MyEconLab
  3. Buy access to MyEconLab / PearsonMylab by registering at pearsonmylab.com

Every online homework / assignment will be open for at least 7 days. After the due date you cannot access your online homework / assignment. In order to register to PearsonMyLab you need the following Course ID: dasari51993

Letter grades for the entire course will be assigned as follows:

Grade

Range

Grade

Range

Grade

Range

A

  B +

B

90 – 100

85 – 89.99

80 – 84.99

  C +

C

D

75 – 79.99

70 – 74.99

60 – 69.99

F

0 – 59.99

Course Policies

I request that you arrive on time and remain present, seated, and engaged in the classroom until I conclude. Do not wander in and out of the classroom. Please turnoff and stow cell phones for the duration of the class period. You may not use a laptop in class.

Missed Examinations and / Assignments   

There will be no make-up tests! If you miss a test, the test will be scored as a “zero”.

Academic Violations

I follow a policy of zero tolerance for violations of standards of academic conduct. Please refer to the following document on Rutgers Academic Integrity Policy

http://academicintegrity.rutgers.edu/files/documents/AI_Policy_9_01_2011.pdf  

Disability Statement

This course is open to all students who meet the academic requirements for participation. Any student who has a need for accommodation based on the impact of a disability should contact the instructor privately to discuss the specific situation as soon as possible. Information about requesting accommodations can be found at:

http://learn.camden.rutgers.edu/disability/disabilities.html

COURSE OUTLINE* AND TEXT READING ASSIGNMENTS

Week

DATE

TOPICS/INFORMATION

READINGS

1&2

1/22 – 1/29

Basic Concepts

Chapter 1

2&3

1/31&2/7

Measuring Output

Chapter 4

4&5

2/12 – 2/19

Balance of Payments & Foreign Exchange Rates

Chapter 9

5

2//21

Midterm 1 Review

 

6

2/26

Midterm 1 from Chapters 1, 4 and 9

 

6&7

2/28 – 3/7

Unemployment and Inflation

Chapter 5

8&9

3/12&3/21

Economic Growth

Chapter 6

10

3/26&3/28

Expenditure Multipliers

Chapter 11

11

4/2

Midterm 2 Review

 

11

4/4

Midterm  2 from Chapters 5, 6 and 11

 

12

4/9&4/11

Aggregate Supply and Aggregate Demand

Chapter 10

13

4/16&4/18

Government Budget and Fiscal Policy

Chapter 13

14

4/24&4/26

Money Supply, Interest Rate and Price Level

Chapter 8

15

4/30&5/2

Monetary Policy and Final Exam Review

Chapter 14

 

5/15

Final Exam from Chapters 10, 13, 8 and 14

 

*The course outline is subject to change.