Fall 1997

Spring 2018

ECN 2801G sections 002 and 003

Dr. Dao

Principles of Macroeconomics

3 credit hours

Office: Coleman 2871

Office Hours: 1:00-2:00 MW; 10:30-11:30 TR

or by appointment

COURSE DESCRIPTION: An exploration of the policy options, such as changes in taxation, government spending, the money supply or interest rates, available to government agents to achieve the goal of stable prices, high employment, and steady growth.

LEARNING GOALS: Upon satisfactory completion of this course, students will:

a) demonstrate an understanding of the theories, tools, and methods of economic analysis,
b) apply economic principles in the analysis of economic problems and policies,
c) identify the major economic institutions and describe their operation and interrelationships,
d) analyze those aspects of human behavior, both individual and social, through which the economic problem is addressed, and
e) describe the different economic systems into which societies organize themselves to deal with the economic problem

TEXT: Roger A. Arnold, Macroeconomics, 11th edition, Cengage Learning.

EXAM: Three exams and a Final Exam consist of objective questions.

EXAM SCHEDULE:

First during the 4th week of classes (Jan. 29- Feb. 2, 2018)

Second during the 8th week of classes (Feb. 26- Mar. 2, 2018)

Third during the 12^th week of classes (Apr. 2-6, 2018)

Final on Wednesday, May 2, 2018 from 8:00 a.m. to 10:00 a.m. (section 002) and Thursday, May 3, 2018 from 8:00 a.m. to 10:00 p.m. (section 003)

QUIZZES: 13 quizzes @ 5 points each. There are no make-up quizzes.

COURSE GRADE BREAKDOWN:

First Exam: 20%

Second Exam: 25%

Third Exam: 25%

Quizzes: 10%

Final: 20%

CLASS ATTENDANCE:

Students are expected to attend class. Three unexcused absences may affect final grade in borderline cases. Two late arrivals will count as one unexcused absence unless I am notified ahead of time.

NOTE: If you have a documented disability and wish to receive academic accommodations, please contact the Coordinator of the Office of Disability Services (581-6583) as soon as possible.

You are expected to maintain principles of academic integrity and conduct as defined in EIU's Code of Conduct (http://www.eiu.edu/judicial/studentconductcode.php). Violations will be reported to the Office of Student Standards.

Those of you who are having difficulty achieving their academic goals are encouraged to contact the Student Success Center (www.eiu.edu/~success) for assistance with time management, test taking, note taking, avoiding procrastination, setting goals, and other skills to support academic achievement. The Student Success Center provides individualized consultations. To make an appointment, call 217-581-6696, or go to 9th Street Hall, Room 1302.

Review for Exam I

Review for Exam II

Review for Exam III

COURSE OUTLINE

PART 1. Economics: The Science of Scarcity

Chapter 1: What Economics Is About

Chapter 2: Production Possibilities Frontier Framework

PART 2. Macroeconomics Fundamentals

Chapter 6: Macroeconomic Measurements, Part I: Prices and Unemployment

Chapter 7: Macroeconomic Measurements, Part II: GDP and Real GDP

PART 3. Macroeconomic Stability, Instability, and Fiscal Policy

Chapter 8: Aggregate Demand and Aggregate Supply