Macroeconomics Dr.Viju Kulkarni


Oct 28, 2013 (4 years and 8 months ago)



Dr.Viju Kulkarni


Fall 2008

Class starts on Aug. 25 and ends on Dec. 17.

Course Material:


Text: Macroeconomics by
Roger Arnold

with aplia Bundle

( 8


Thomson Pu
2: Macroeconomics 8e + Aplia, physical bundle)


Relevant articles from Websites, newspaper and Magazines

This text is available in hard copy as well as

format. Along

with the aplia bundle.
Check out the registration form
listed under the Course Tools to find out more about the
text book options.

Make sure you know which one fits better your specific learning style
before you purchase.

Course Description:

For many of you, this is your first course in Economics. The main go
al of this course is to
convey to the beginning student with no previous knowledge of economics, an
understanding of the basic theoretical principles used to explain economic reality.
Economic reality presents itself in the form of problems related to prod
distribution, and consumption in the world of scarce resources. Economic theory attempts
to provide a unified and coherent explanation of these problems. Learning economics is
essentially a matter of learning how to look at the economic issues from

another point of
view. Economics as a matter of fact is nothing but an organized common sense.

The study of economics is conveniently divided into two disciplines

and Microeconomics. Macroeconomics is concerned with the study of economic
aggregates while Microeconomics deals with the economic behavior of individual units
in the economy.

Course Objectives:

The main objective of this course is to introduce you to the way economists try to
understand the working of macroeconomic system. Timin
g couldn't be better to study and
learn economics as our economy is undergoing some unprecedented changes in terms of
unsettled job growth, volatile behavior of the stock market, depressed housing market,
alarming concerns in the financial markets, in addi
tion to growing deficits in our budget
and trade.

is indeed a challenging time for presidential candidates. But experts claim
that these problems are temporary and short term in nature as the U.S. economy is
structurally very strong and generally foll
ows the theories outlined in macroeconomic

Macroeconomic study focuses on the broader economic issues of the economy such as
inflation, unemployment, money supply, interest rates and economic growth. The study
also looks at the economic implicati
ons of budget surplus, deficit, debt, taxation and its
connection with monetary policy measures. Macroeconomics provides a link to
understand many global issues such as trade and payments, free trade issues and foreign
exchange market. In addition to these

conventional macroeconomic topics, we also focus
on looking into the economic implications of current social issues such as global
warming, recycling, outsourcing, health care and immigration in our discussion. By using
basic macroeconomic concepts. This
should make our learning more meaningful.

This list could be expanded, but it suffices to give you an idea of the variety and depth of
issues we will discuss in this course. In the class we study not only economic theories but
also apply them to many speci
fic cases to understand the current economic issues that
presidential candidates on both sides are raising. For example, issues like why enough
jobs have not been created even when economy is said to have recovered? How is this
related to the concept of “O
utsourcing”? Why is Federal Reserve interested in raising
interest rates when unemployment is still an issue? How did the budget surplus turn into
deficit? Why dollar value is declining overseas and what does this mean to the future of
dollar in the intern
ational market? Why are we so hesitant to stop trading with China
inspire of the repeated problems with the tainted toy issues? All these and many other
related issues can be explained and understood better by using economic theories.

Testing and Grading

here will be


final exam, weekly home work
assignments and


topic postings (read the specific instructions on this below) in this very relaxed but active
16 week session.

One quiz with the lowest score

will be dropped but taking the
exam is mandatory. The weight of each activity is as follows:



Final Exam


Discussion board


Homework assignments

Special note on Aplia Website:

During this course to complete the homework assignmen
ts you will be required to access
the Aplia website. Aplia is an online homework system designed to improving learning
by increasing student effort and engagement. You are able to understand the material
better, practice on questions and verify your learni
ng by answering both practice and
graded questions
. You will get the feedback on all the tests you take and scores are
reported to me. Homework assignments count 20% towards your final grade.

To access the website, you need to register for an account with

Aplia at

using the Aplia registration form link on the home page

Please access the form and register on the website so that you can start your homework

All the questions in the quizzes/tes
ts are multiple choice nature
Dates and reading
material related to quizzes and final exam are listed in the schedule of Activities
listed under “Syllabus and schedule

on my home page.

Helping Hand link

help you understand the material better
, fo
cus on certain selected concepts

and prepare
for the

The schedule we have set up
for Quizzes
discussion board/final
exam stay

valid unless I inform you otherwise.

I will announce the changes, if any in


by email bu
t you need to pay attention to what goes on
and check the class lounge and email frequently. Talk to me freely if you have any
questions, concerns and problems.

Grade Distribution:


above A










Below 5


Final grade
is based on a straight scale in accordance with district’s policy. But the
borderline cases are decided to your advantage based on your interest, commitment and
quality of your writing in the discussion board postings. If you do not participate in the
ly discussions actively, I will lower your grade by one level. Good luck. This is a
fun and rewarding class with lot of information that are used in your future decision

You can also participate in the weekly “Food for Thought” discussion where yo
u can
share topics of current economic interest. I post the topic whenever something interesting
relevant to economics is happening and you can respond or you can initiate the sharing.
Also there is an extra credit opportunity (you will find it in the assi
gnment link on Course
tools). Make sure you are aware of all the details and instructions.

Posting on discussion

Participation in threaded discussions

Discussion topic posting begins on August 31.
Students must participate
all the

discussion topics

generally follow the schedule listed in my “Syllabus and Schedule”
link. If there is any change due to some unexpected situations, I will let you know.

are expected to do one original posting with your thoughts and comments (10 points) on
the posted t
opic and one reaction to others’ posting

points). You cannot do both
postings on the same day. They must be done on different days during
the two week
period you are allowed.

I also discourage you from doing the posting at the last minute on
the last da
y as I believe that last minute posting is an indication of poor planning and
poor performance. Ignoring this will result in lower grade. Anything posted after the due
date and time will not get any
You will be graded on your participation and the
quality (or thoughtfulness) of your contribution to the postings. Quality can come in the
form of making insightful comments, asking probing questions, using your critical
thinking skills, listing references you used among other things. Your posting must b
e at
one page length and reaction to other can be around half a

Do not wait until
the last minute post your comments.