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@example.com 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: http://ucsu.colorado.edu/~smm Homework website: http://econ.aplia.com/index 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 http://econ.aplia.com 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. _______________________________________ Grading 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 cumulative. 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 semester. 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 http://www.colorado.edu/Economics 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 http://www.colorado.edu/academics/honorcode/ Honor Code: “On my honor, as a University of Colorado at Boulder student, I have neither given nor received unauthorized assistance on this work.” 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,www.colorado.edu/sacs/disabilityservices). 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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