Azerbaijan University School of Business Econ 2105 Principles of Macroeconomics Fall, 2011 Instructor: Rovshan Guliev Office phone: +99412 431 50 79 (106) Phone: +994 50 636 08 19 E-mail: email@example.com Class hour: see schedule Office hour: by appointment Course Overview Macroeconomics studies economy of a country as a whole. In this course we will consider such important concepts as: measurement and determination of a nation’s output and income and other national account indexes, problems of economic growth and stability - inflation and unemployment, fiscal and monetary policies, public debt, international trade and exchange rate formation, structure of balance of payment. Textbooks and Materials Required - 1) N. Gregory Mankiw. Principles of Economics. Third Edition 2) Campbell R. McConnell, Stanly L. Brue. “Economics: Principles, Problems, and Policies” Fourteenth edition 2) Slides Grades - Based on performance on quizzes, one midterm exam, and a comprehensive final exam. Cheaters receive automatic Fs, and other measures may be taken. Leaving the room with an exam, attempting to steal examination sheet, copying down exam question, attempting to obtain assistance from other student during an exam, using unauthorized reference material (notes, texts) during an exam or turning in work done by others will be considered cheating. Students are expected to be honest and submit for credit only the products of their own efforts. In case of suspicion of cheating, instructor reserves the right to assign ultimate points only after additional oral questioning on quizzing or exam material. Top scores on all exams receive maximum potential points; other grades are adjusted accordingly. Your grade in the course will be determined based on the following weights: Participation: 5% Activity: 10% Quizzes: 15% Mid-term Examination: 30% Final Examination: 40% Total 100% Examinations - Lectures may not repeat reading assignments. All lectures and assignments are fair game for scheduled quizzes and exams. Quizzes and Exams consist of multiple choice, true/false, short answer, and problem questions. ATTENDANCE AND MAKE-UPS: Attending classes is an important condition for satisfactory performance. Always feel free to participate in discussions, ask questions, and make comments. But please DO NOT TALK to your neighbor while someone else has the floor, whether that other person is your instructor or a student. Failure to keep up in this course can be fatal to your grade. **** NO MAKE-UPS WILL BE GIVEN**** OUTLINE and SCHEDULE Lecture No. TOPICS & Date The principles of Economics. Thinking like an Economist. The 1 subjects of economy. The types of Factors of Production. Economic Efficiency. 2 The market systems. 3 Private and public sectors Quiz #1 International economic relationship 4 Quiz #2 Domestic Output & National Income 5 Quiz #3 Basic macroeconomic relationships 6 Quiz #4 7 Economic growth and instability Quiz #5 8 Midterm Exam (2 hours) Aggregate demand and Aggregate supply 9 Quiz #6 10 Fiscal policy Quiz #8 Money and Banking 11 Quiz #8 12 Monetary Policy Deficits, Surpluses and Public Debt 13 Quiz #9 14 Gains from international trade 15 Exchange Rates, the BOP Trade Deficit Quiz #10 Final Exam (3 Hours) NOTE: The course syllabus provides a general plan for the course, deviations may be necessary.
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