Macroeconomics Principles and Tools by asf55964


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									                        Principles of Macroeconomics
                                     ECON 2020-020
                                      Spring 2005

Instructor: Stephanie Martin                  Office phone: (303) 492-2648

Class Time: 10:00 to 10:50 MWF                Office: Economics 313

Class Location: HUMN 150                      Office Hours: M,W: 11:00 – 12:30

Email: email is my preferred method of contact, please email me
with questions related to the class or the homework, or to set up appointments. For all
other communication, you need to come and see me.

Class website:
Homework website:

Course Description

This course is an introduction to the principles and tools of macroeconomic analysis. In
Macroeconomics we will be investigating the main topics of the overall economy,
including Gross Domestic Product, Inflation and Unemployment. We will use these
concepts to examine how governments make choices. Our goal will be to develop a clear
understanding of these important concepts and to be able to apply the economic theory to
current societal issues. The pre-requisite for this class is Principles of Microeconomics,
though the concepts in macro are much broader, we will draw on some of the basic
concepts from microeconomics.

Course Text
Brief Principles of Macroeconomics, 3e. Gregory N. Mankiw; South-western
publishing, 2004.

APLIA: Also REQUIRED is that you sign up for Aplia. This is a web based
tool on which all homework will be assigned. Also on Aplia, you will find tutorials for
certain topics and class information posted from time to time. Go to and click ‘Sign In’. If you are a new user, follow the link labeled
‘Register Here’ and fill out all of the information requested. If you have used Aplia
before, simply sign in. The class number you will enter to sign up for this class is:    .
The cost is $21. You pay Aplia directly by credit card, e-check or money order. You
MUST sign up for Aplia during the first week of class because homework is due the
second week. There is a grace period for aplia, during which you can use it without
paying, but in order to ensure continued access to your assignments, you need to pay by
the end of the grace period.
We will cover a great deal of information, and I strongly urge you to read the chapters
before we cover them in class and then reread the more difficult concepts again after they
have been covered in lecture. It is imperative that you keep up with all assignments in
order to successfully complete this class. There is a website for the book which has
helpful tools, including power point slides, an interactive study guide and practice
questions for each chapter. Fully utilizing all of these resources will be the best way to
ensure your success in this class.

Exams: 75%
There will be three midterm exams: The first is worth 5%, and the 2nd and 3rd are each
worth 20%, a final exam worth 30% of your overall class grade. The final will be
THERE WILL BE NO MAKE-UP EXAMS. If you have a conflict with the final exam
date you must contact me for alternate arrangements within the first two weeks of the
It is possible to drop one of your (2nd or 3rd) midterm grades, this will happen if your final
grade is higher than one of your midterms, and then the final will count for 50% of your
class grade. Your grade will be calculated as stated above and also with your lowest, of
the 2nd and 3rd, midterm dropped and the highest of these scores will be counted toward
your final class grade.

The first midterm will be 15 multiple choice questions and 1 short answer question. The
second and third midterm will each contain of 25 multiple choice questions and one short
answer question with multiple parts. In order to complete these exams satisfactorily in 50
minutes you must know the material very well. The final exam will be twice this length.

Homework: 15%
There will be multiple Homeworks during the semester, and these will be posted along
with due dates on the Aplia website. Homework will constitute 15% of your class grade.
The Homeworks will have an assigned due date and time on Aplia after which you may
NOT turn in the homework. There are NO makeup opportunities for the homework and
no late work will be accepted. They will be posted with ample time for their completion
before the due date and there is no excuse for not completing them. In order to do well in
this class, it is imperative that you take these homework assignments seriously.

If you need assistance with completion of the homework, you are welcome to attend my
or the T.A.s’ office hours or the FREE Econ tutorial labs. The hours for the tutorial lab
can be found from then click on ‘Student Services’
and follow the link to the undergrad tutorial labs.
Recitation: 10%
Recitation will account for 10% of your class grade. How your grades are determined in
recitation is at the discretion of your Teaching Assistant who should explain this method
to you during the first week of recitation. *There is no recitation in Economics during
the first week of classes.

Important Notes :

       Honor Code: It is expected that you understand CU Honor Code and will abide by
       it for all quizzes and exams. Go to
            Honor Code: “On my honor, as a University of Colorado at Boulder
            student, I have neither given nor received unauthorized assistance on this
       Religious Observance Accommodations: If you have a conflict between religious
       observance dates and course examinations or assignments, you must notify me
       two weeks in advance so that your needs may be addressed.
       Disability Accommodations: If you qualify for accommodations because of a
       disability, this includes extended time on exams, please submit a letter to me from
       Disability Services (DS) early in the semester so that your needs may be
       addressed. DS determines accommodations based on documented disabilities
       (303-492-8671), Willard 322,
       My Policies: I and your TAs are available during office hours and private
       appointments to assist you. However, before you come to see us, make sure
       that you are adequately prepared, this means that you have read the part of the
       chapter discussing the material that you do not understand, and have at least
       attempted the homework or worksheet problems that you have questions about.

Course Outline
The dates for exams are set and will not be changed, however, the descriptions below
should be thought of as an approximate roadmap of the topics that will be covered on
each exam. Remember: There will be NO makeup exams.

January 10 – January 26:
   • Introduction
   • Chapter 5, Measuring a Nation’s Income
   • Chapter 6, Measuring the Cost of Living

Midterm 1: Wednesday, January 26

January 28 – March 4:
   • Chapter 7, Production and Growth
   • Chapter 8, Savings, Investment and the Financial System
   • Chapter 9, Unemployment and Its Natural Rate
   •   Chapter 10, The Monetary System
   •   Chapter 11, Money Growth and Inflation

Midterm 2: Friday, March 4

March 7 – April 18:
  • Chapter 12, Open-Economy Macroeconomics: Basic Concepts
  • Chapter 13, A Macroeconomic Theory of the Open Economy
  • Notes, Keynesian Fiscal Policy
  • Chapter 14, Aggregate Demand and Aggregate Supply
  • Chapter 15, The Influence of Monetary and Fiscal Policy
  • Chapter 16, The Short-run Tradeoff between Inflation and Unemployment

Midterm 3: Friday, April 18

April 21 – April 29
  • Student Public Policy Presentations or Debates

CUMULATIVE FINAL EXAM: Tue, May 3, @1:30 pm.

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