PRINCIPLES MACROECONOMICS

Economics 2801, Spring 2003

Instructor: Noel Brodsky
Office: 2831 (215D) Coleman Hall
Phone: 581-6334         Hours: 1:00pm-2:00pm MWF or by appointment
 
Homepage: http://www.eiu.edu/~econinfo
Email: cfnb@nospam.eiu.edu (without the "nospam.")

Grade Determination:
2 Regular Exams (100 points each)          = 200 points
1 Internet Assignment (5 points)               =     5 points
1 Final Exam (cumulative)                        = 150 points
                                                   Total       355 points

Expected Grade Distribution and Curve Structure:

    Curve Structure: Average exam score will be set at or near a baseline "B", whenever necessary.  Each exam has its own curve, 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

    Generally, expect an exam to come at the end of Measuring a Nation’s Production and Income (Chapter 20) and another at the end of Investment and Financial Intermediation (Chapter 25), as stated on the syllabus.  The final is comprehensive, with the greatest weight given to those sections not covered on a prior exam.  Exams always require graphic skills, as well as multiple choice skills.  It is wise to bring color pens or pencils to class and exams.
    There must be very compelling reasons 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.
    If you have a documented disability, and wish to discuss academic accommodations, please contact me as soon as possible.

              2801  - PRINCIPLES MACROECONOMICS - SYLLABUS

Text: Economics Principles and Tools, O’Sullivan, Arthur and Steven M. Sheffrin., Prentice-Hall, Upper Saddle River, New Jersey, 2001.

I. Introduction
    1. Introduction: What is Economics?
    2. Key Principles of Economics
    3. Markets in the Global Economy
    4. Supply, Demand and Market Equilibrium

II. Macroeconomic Theory
    20. Measuring a Nation’s Production and Income
    21. Unemployment and Inflation
    22. Classical Economics: The Economy at Full Employment
    23. Why do Economies Grow?
    24. Keynesian Economics and Fiscal Policy
    25. Investment and Financial Intermediation

III. Money and Monetary Policy
    27. Money, the Banking System, and the Federal Reserve
    28. Monetary Policy in the Short Run

IV. Applications (if time permits)
    33. The World of International Finance
    32. International Trade and Public Policy