PRINCIPLES MACROECONOMICS                                                         Instructor: Noel Brodsky

Economics 2801, Spring 2012                                                                        Office: 2831 (215D) Coleman Hall

                                                                                                                       Phone: (910) 688 3788

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

                                                                                                                       Hours: 1:00pm-2:00pm MWF

                                                                                                                        or by Appointment

 

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 Gross Domestic Product Accounting  (Chapter 5) and another at the end of The Federal Reserve System and Monetary Policy (Chapter 12), 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.

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.

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

 

              2801  -  PRINCIPLES MACROECONOMICS  -  SYLLABUS

 

Text: Gottheil, Fred , Principles of Macroeconomics (Sixth Edition)

 South-Western, USA, 2009.

 

I. Introduction

    1. Introduction  (also see Appendix)

    2.  Production Possibilities and Opportunity Costs

    3. Demand and Supply (also see Appendix)

 

II. Macroeconomic Theory

    4.  Aggregate Demand and Aggregate Supply

    5.  Gross Domestic Product Accounting

    ***** EXAM 1 ******

    6.  Consumption and Investment (also see Appendix)

    7.  Equilibrium National Income  

    8.  Fiscal Policy: Coping with Inflation and Unemployment

 

III. Money and Monetary Policy

    10. Money

    11. Money Creation and the Banking System

    12. The Federal Reserve System and Monetary Policy

    ***** EXAM 2 ******

 

IV. Applications (if time permits)

    19. International Trade

    18. Exchange Rates, Balance of Payments, and International Debt