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Principles of Macroeconomics

Rutgers the State University of New Jersey
Camden Campus
Department of Economics
Principles of Macroeconomics, (50:220:103, 3 credits)

Syllabus and Class Schedule


Instructor:  Madan Mittal
Email:  You may contact me directly through the Sakai website.  Alternatively, you may also contact me at madanlmittal@gmail.com
Office Hours: I will be available on Mondays, Wednesdays and Fridays from 9:05 AM to 10:00 AM, and by appointment in Room 332 Armitage Hall.  I will also be in my office on Mondays and Wednesdays from 11:10 AM until Noon.

Course Objective
This course examines how economists think about issues relating to the economy as a whole and will prepare students for further courses in economics.

The objective of this course is to provide the student with a basic introduction to macroeconomics. Topics include the measurement of the real economy and major elements of the economy like unemployment, growth, savings and investment.  The course will also examine the impact on the economy of government policies on taxation and money supply.  

Learning Objectives 
 After completing this course, the student will be able to

  1. Describe how the performance of an economy is measured.
  2. Describe how inflation, unemployment, fiscal and monetary policies of the government affect the growth and productivity in an economy.
  3. Get familiar with short run fluctuations in the economy and the factors causing these business cycles.

After this course, students will have an appreciation of how the aggregate economy works, how it is measured and what factors influence the growth and development of the economy.

Textbook and Other Required Materials
The text for this course is Principles of Macroeconomics, 7th ed., by N. Gregory Mankiw, South-Western, Cengage Learning. The ISBN 13 # is 978-1-285-16591-2  and the ISBN 10 # is 1-285-16591-8. 

You should also get a non-programmable calculator for use during exams.

Course Requirements and Grade Evaluation
Grades will be based on your performance in Homework, Quizzes, and Final Exam. 

     Evaluation Tool                                       Weight
     Homework (3 Assignments, 12% Each)      36%
     Mid Term Exam                                          24%
     Final Exam                                                 40%


Letter Grades
A       90.0-100.0             B+    82.0-89.9         B       74.0-81.9
C+    66.0-73.9                C       58.0-65.9        D       50.0-57.9
F       Below 50.0

Homework Assignments, Class Prep & Participation
Students are responsible for reading the chapters, preparing assigned problems and analysis for discussion before each class. Do them early to avoid any emergencies preventing your completion by the due date. There will be no credit for assignments submitted later than due date.

Please access the Sakai site regularly for any updates or notices. 

If I am notified in advance that you cannot take a Quiz when it is scheduled, I will arrange a make-up date.  If you take the Quiz on the make-up date, you will get 100% credit for what you score.  If you fail to take the Quiz on the make-up date, 50% of the weight for that Quiz will go to the Final Exam.

Exam Policy
Questions are based on assigned textbook readings, homework problems, class lectures and discussions. You are responsible for concepts that are assigned in the readings even if they are not explicitly covered in class.

Final Exam
Grades of incomplete will not be given to students who do not take the final exam unless I am contacted prior to submitting my grades with written documentation of hospitalization, etc. Students who do not take the final exam and do not present credible written documentation will receive a zero on the final.

Academic Integrity
Cheating or the appearance of cheating will result in an automatic F for the course. I encourage working together on homework; however, hand in individual assignments.

Attendance/Class Participation and Rules
Regular attendance in class is expected.  Active participation in class discussions is important for the success of our class. Please give me an email notification if you must miss class. Please turn off speaker/sound on all cell phones, headphones, personal computers and electronic devices before class begins.

Statement on Academic Freedom
Freedom to teach and freedom to learn are inseparable facets of academic freedom. I ask that you respect each other’s opinions, especially when they differ from your own.

Students with Disabilities
I ask any student with a need for accommodation based on the impact of a disability to inform me as soon as possible. The Office of Disability Services (856-225-6442) is part of the Rutgers-Camden Learning Center located in Armitage Hall, EOF Office Suite, Rooms 358-368. Tim Pure, is the Disability Services Coordinator. He can be reached by contacting the Rutgers-Camden Learning Center at (856) 225-6442 or at tpure@camden.rutgers.edu. Also, visit the Office of Disability Services website http://learn.camden.rutgers.edu/disability/disabilities.html

Together, we will coordinate reasonable accommodations for students with documented disabilities.


Reading Assignments Subject to Change
A list of reading Assignments for the semester is shown below.  Additions and changes will be communicated to you during the class.

Week                 Assigned Reading
1                         Intro and Chapter 1
2                         Chapters 1 and 2
3                         Chapter 2 and Appendix
4                         Chapter 3  
5                         Chapter 4
6                         HW1 is Due, Chapter 10
7                         Chapter 11 
8                         Chapter 12
9                         Mid Term Exam and Chapter 13
10                       Chapter 13
11                       HW 2 is Due, Chapter 14
12                       Chapter 15
13                       Chapter 16
14                       Chapter 17
15                       HW 3 is Due, Chapter 18