MACRO-ECONOMICS (ECO 2013)
INSTRUCTOR: HERM BAINE
TERM 111 SESSION
11 – May 12 – June 24, 2009
MON-TUES-WED-THUR
TEXTBOOK: ECONOMICS: 14thion, Roger Leroy Miller, Pearson Education (Addison Wesley Series)
NOTE: A Study Guide is included with the new book.
COURSE DESCRIPTION: An introductory course in macroeconomic principles covering basic economic problems and concepts; Topics discussed and analyzed include the role of government in various economic systems, aggregate measures of economic performance, aspects of economic instability, macro
equilibrium, fiscal and monetary policies, and impact of both the public debt and international trade.
COURSE OUTCOMES: Upon successful completion of this course, students should be able to critically Comprehend macroeconomic principles and concepts.
1.0 The student shall be able to critically comprehend and understand the fundamentals of economic analysis, as well as the role and functions of government in modern mixed economy.
2.0 The students should be able to analyze, synthesize, apply and evaluate the various types of fluctuations(seasonal, cyclical, trends) and their impact on various groups in society; demonstrate informational, mathematical, and historical literacy in describing how equilibrium levels of national income and output are determine, as well as their impact on
price level.
3.0 The students should be able to evaluate the principles of economics by applying problem solving techniques to real-world experiences both individually and within a collaborative format.
4.0 The students should be able to define the importance of the U.S. monetary and banking system.
5.0 The students should be able to evaluate various macroeconomic theories and policies.
6.0 The student shall submit for all units that require research, analysis and evaluation, comparison and differentiation among concepts, their written work in college-level, text format that adheres to
fundamental spelling, grammar, syntax, as taught in standard English courses.
COURSE OUTLINE:
ASSIGNMENTS
| Week | Date | Topic |
| 1 | May 12 | Orientation Introduction to Macroeconomics Course |
| May 13 | Ch. 1 The Nature of Economics | |
| May 14 | Ch. 2 Scarcity and the World of Tradeoffs |
|
| 2 | May 18 | Ch. 3 Demand and Supply |
| May 19 | Ch. 4 Extension of Demand and Supply Analysis |
|
| May 20 | Ch. 5 Public Spending and Public Choice |
|
| May 21 | Ch. 6 Funding the Public Sector | |
| 3 | May 25 | 3 May 25 Holiday |
| May 26 | EXAM 1 (1,2,3/4,5/6) | |
| May 27 | Ch. 8 Measuring the Economy’s Performance | |
| May 28 | Ch. 7 The Macroeconomy: Unemployment, Inflation and Deflation | |
| 4 | Jun 1 | Ch. 12 Consumption, Real GDP and the Multiplier |
|
Jun 2 |
Ch. 10 Real GDP and the Price Level in the Long Run | |
|
Jun 3 |
EXAM 2 (8,7,12,10) | |
|
Jun 4 |
Ch.13 Fiscal Policy | |
| 5 |
Jun 8 |
Ch. 14 Deficit Spending and Public Debt |
|
Jun 9 |
Ch. 15 Money, Banking and Central Bank |
|
|
Jun 10 |
Ch. 16 Money Creation and Deposit Insurance | |
|
Jun 11 |
EXAM 3 (13,14,15,16) | |
| 6 |
Jun 15 |
Ch. 17 Domestic and International Dimension of Monetary |
|
Jun 16 |
Ch. 18 Stabilization in an Integrated World Economy | |
|
Jun 17 |
Ch. 11 Classical and Keynesian Macro Analysis | |
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Jun 18 |
EXAM 4 (17,18,11) |
|
| 7 |
Jun 22 |
Ch. 9 Global Economic Growth and Development |
|
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Ch. 33 Comparative Advantage and the Open Economy | |
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Jun 23 |
Ch. 19 Policies and Prospects for Global Economic Growth | |
|
JUN 24 |
FINAL EXAM (9,33,19) |
SPECIAL ASSIGNMENTS: Will come from the Wall Street Journal, Business Week, Fortune, and Internet. Other business newspapers and magazines may be used.
REQUIRED ASSIGNMENTS: Will come from the textbook and outside business and economic sources.
ATTENDANCE POLICY:
All students will attend class except for illness or emergencies. If you should miss more than three classes, please contact your instructor. All students are expected to be in class on time.
Instructor will report student non-attendance. If you stop attending class prior to withdrawal date, you will be administratively withdrawn from class and receive a W or, if it is your third attempt, an F.
If you stop attending class after the withdrawal date, you will receive a WF that will then computed as an F in your GPA. To avoid this situation, you should remain an active learner in this class and always communicate extenuating circumstances to me. Ongoing communication with the instructor is critical to your course success.
MAKE-UP EXAM:
Only one make-up exam is permitted. Check with your instructor for available time for make-up exam.
FINAL GRADE:
There will be five tests of equal value. Extra assignments, attendance and recitation will also be considered.
GRADING SCALE:
A 100-90
B 89-80
C 79-70
D 69-60
F 59-0
OFFICE HOURS: 12:20-1:20pm MTWH
Available for student counseling per their request.
If you should need to contact me, my office is in Building 9/154, phone is (954) 201-6548 or EMAIL: HBaine@broward.edu. If more time is required to take the exam, let the professor know in advance, so a time may be set up for you.