Syllabus for Econ 103, Summer 2004

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					                        Syllabus for Econ 103, Summer 2004

Instructor : Jungmo Yoon, (e-mail) jyoon2@uiuc.edu


Class Hour : Class meets M,Tu,W,Th 10:00-11:20am, in 333 Armory


Office : 103 in Surveying Building
Office Hours: Tuesday, Thursday 2:00 to 3:00, or by email appointment


Textbook : Principles of Macroeconomics, 4th Edition by Fred Gottheil
We cover most of Chapters 1-15, and if time permits, we will study chap 16-18. Some
chapters are more important than others, and as we work our way through the course,
the different emphasis we attached to each of the chapters will become apparent. Core
chapters in this class are chap 7, 8, and 9. We will spend a lot of time to thoroughly
understand these subjects (Business Cycle and Economic Growth). And sometimes we
will read some additional materials besides the textbook. I will provide appropriate
handouts or copy of other sources.


Web page : http://www.students.uiuc.edu/~jyoon2/econ103_2004 summer.html
You can download Reading Guides and data sets, and also check results of quizzes and
exams from this homepage.


Daily Reading Assignment : I will assign Class Preparation work to be done before
each class, and we will spend much time discussing what you have read. You can
download reading guides before classes and I will expect that you read the textbook
using those guides and bring that handout into the class. It is essential that you do the
Class Preparation before every class, and that you come to every class.


Data sets : One can say that macroeconomics is a discipline about data. Every effort in
this field has been made to find theories which best explain existing macroeconomic
phenomenon, i.e. macroeconomic data. Therefore, enhancing abilities to interpret and
understand data sets is one of the main goals of the class.


We are going to use data from the National Income and Product Accounts, which is
often called ‘NIPA’. It can be found in the Economic Report of the President. Use the
following Web sites.
Council of Economic Advisers : http://w3.access.gpo.gov/eop/index.html
Statistical Tables : http://www.gpoaccess.gov/eop/tables04.html


Grade : All exams and quizzes will be graded on a point system, summed, and
converted to a letter grade for the course. There will be pluses or minuses. The final
exam (30%) and two midterms (20% each) will make up the bulk of your grade. We
have one paper (10%) and three quizzes (10%). There will be, however, opportunities
for you to strengthen your grade and your test preparation by regular attendance. There
will be 6 UNANNOUNCED short pop quizzes (10%) in lecture. To get any credit, you
must take at least 4 pop quizzes, otherwise 0. Students who complete all six will receive
bonus points.


Exams : The first test is Thursday , July 1 (during the class hour), and the second test is
Thursday, July 22. Conflict exams will be offered for those who provide an acceptable
explanation for failure to take the exam at the regular time, such as medical or conflict
with another exam or class. The final exam is 8:00 am, Friday, August 6. (location TBA)
Final exam will be cumulative.


Quizzes : We have three quizzes throughout the course. Dates are June 24, July 15, July
29. All quizzes and midterm exams are taken on Thursday so that you can have peaceful
weekends. If you miss quiz, you need valid excuses like doctor’s note in order to qualify
for the make-up quiz. Only one make-up quiz will be offered, so you can’t make up
more that one. Date of makeup quiz will be given at the end of the semester. (Date to be
announced)


Pop Quizzes : We have six pop quizzes during the lecture. The date of the pop quiz will
not be announced. Therefore, in order to be well prepared for it, you have to attend
every class. If you take all six, you will get 10 points + bonus. If you take five, you will
get 10 points. If you take four, you will get 8 points. If you take three (or less), you will
get 0 points.


                                    Enjoy the semester!