INTERMEDIATE MACROECONOMICS                          Instructor: Noel Brodsky

Economics 4801                                                                      Office: 2831 (215D) Coleman Hall

Fall 2017                                                                                 Phone: (910)-688-3788

                                                                                                email: nbrodsky@eiu.edu

                                                                                                Homepage:http://www.eiu.edu/~econinfo

Hours:12:00pm-1:00pm MWF

                                                                                                            2:00-3:00 W

                                                                                                or by Appointment

 

 

Grade Determination:

 

 

    2 Regular Exams (100 points each)             = 200 points

    1 Internet Assignment (5 points)                 =     5 points

    1 Final Exam (cumulative)                          = 200 points

                                                            Total        405 points

 

 

Expected Grade Distribution and Curve Structure:

 

      Curve Structure:  Average exam score will be set at or near a baseline "B", whenever practical.   The curve is absolutely determined one week after the exam is returned.

 

    The Cutoffs are as follows:

 

    88% = A, 77% = B, 66% = C, 55% = D, below 55% is an F

 

Internet Assignment:  Go to the homepage of Noel Brodsky: http://www.eiu.edu/~econinfo  the assignment is found there, as well as its due date.  You are required to have your own university student account, your name must be on it.  All Internet correspondence to me must be on that account. .  Under  no circumstances should you copy any other person's work.

 

Text:

Macroeconomics, Mankiw, N. Gregory, 7th Ed.  Worth Publishers, 2010

Course Structure:

 

    Topic                                                           Chapters

The Science of Macroeconomics                    1

The Data of Macroeconomics                        2

The Closed Economy:

    The Basic Keynesian Model                       3-3,3-4, 17       

    IS/LM Analysis                                           10, 11     

    AD/AS Analysis                                         9

The Open Economy                                        5,12

Monetary Economics                                      19

Macroeconomic Policy                                    15,16

 

Special Information:

         Make-Up Exams:

There must be a very compelling reason to be granted a make-up exam, which, if at all possible, should be arranged in advance.  I do not intend to give make-up exams, if I can avoid it.

 Cell Phone Policy: Cell phones must be either turned off or in silent mode during class.  Except for emergency purposes, cell phones may not be used in class whatsoever.  If you need a calculator, get a calculator; do not use your cell phone.  No graphing calculators may be used on an exam, only simple non-programmable calculators are allowed.

If you have a documented disability, and wish to discuss academic accommodations, please contact me as soon as possible.


 

Learning Objectives:

 

1.Students will demonstrate the ability to think critically and to use appropriate concepts to analyze qualitatively problems or situations involving the application of Macroeconomics to real world situations.

2. Students will analyze numerous examples of qualitative and quantitative solutions to real world problems that demonstrate the importance of the material being learned and how it might be applied to real world situations.

3. Students will demonstrate ability and knowledge to discuss the material clearly and objectively both orally and in writing in this course.

4. Students will show their understanding and knowledge of the Macroeconomics concepts that they may need to make informed decisions.

5. Students can expect to develop Macroeconomics intuition and analytical skills.

6. To apply economic analysis to a variety of domestic and international issues.

7. Acquire an understanding of mechanisms that determine output, employment, interest rates and prices.

8. Understand the interaction between markets and between domestic and international systems.

9. Acquire model building skills.