INTERMEDIATE
MACROECONOMICS Instructor: Noel Brodsky

Economics 4801 Office: 2831 (215D) Coleman Hall

Fall 2016 Phone:
(910)-688-3788

email: nbrodsky@eiu.edu

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

Hours:
2:00pm-3:00pm MW,

4:15pm-5:15pm 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, 7^{th} 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.