Principles of Macroeconomics
Professor Guy Pascale
Semester: Fall 2012
Index #: 07707
Room: BSB 106
Office Hours: M-W 2:00-4:20 and by appointment
Phone: (856) 225-6136
All materials available on SAKAI.
Overview of the Course:
This course is designed to expose students to the important terms and concepts related to the subject of macroeconomics. Once completed students should understand scarcity and trade-offs, the basic functioning of markets, measures of economic performance and long-term growth, the basic workings of the financial system, aggregate supply and demand analysis, monetary and fiscal policy, the trade-off between inflation and unemployment, and the gains from trade.
During the semester, there will be three exams and a final. The exams only encompass material covered from the previous exam. The final is cumulative. The exams are worth 20% and the final is worth 30% of your grade. The tests occur on 10/8, 11/7, and 12/10, respectively. The exams and final consist of a mixture multiple choice and problems.
All electronic devices must be turned off during exams.
Attendance is worth 10% of the final grade.
|Test 1||Test 2||Test 3||Final||Attendance||Total|
There are no makeup exams. Individuals who miss an exam will have their final exam weighted to include the missed exam. Thus, a student missing an exam will have the final count as 50% of their final grade.
There is no extra credit for this course.
THE UNIVERSITY HAS A WELL DEFINED POLICY ON CHEATING AND ACADEMIC DISHONESTY. IN SUMMARY, DON’T DO IT.
Class Room Etiquette:
Cell Phones must be turned off during class.
School policy allows for the removal of any student who is a disruption in the classroom. A cell phone ringing in class constitutes a disruption and will adversely impact your final grade.
Part I: Getting Started
Section 1.1: The Scope and Method of Economics
Section 1.2: Scarcity and Choice
Section 1.3: Supply, Demand, and Equilibrium
Section 1.4: Demand and Supply Applications
Section 1.5: Introduction to Macroeconomics
Part II: Macroeconomics: The Big Picture
Section 2.1: Measuring National Output and Income
Section 2.2: Unemployment, Inflation, and Long-Run Growth
Section 2.3: Aggregate Expenditure and Equilibrium Output
Section 2.4: The Government and Fiscal Policy
Section 2.5: The Money Supply and the Federal Reserve System
Section 2.6: Money Demand and the Equilibrium Interest Rate
Part III: Macroeconomic Policy
Section 3.1: Aggregate Demand in the Goods and Money Markets
Section 3.2: Aggregate Supply and the Equilibrium Price Level
Section 3.3: Policy Timing, Deficit Targeting, and Stock Market Effects
Section 3.4: Monetarism, New Classical Theory, and Supply Side Economics
Section 3.5: Open-Economy Macroeconomics