Principles of Macroeconomics: ECO 2040-Fall 2013

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Oct 28, 2013 (3 years and 5 months ago)

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Principle
s of Macroeconomics:
ECO

2040
-
Fall

2013

Dr
. ONUR INCE


Class Time:

T
-
TR

12:30

p
m
-
1:45
p
m


Office Hours:

Wednesday

12:30 pm
-
5:
0
0 pm

Location:

Raley Hall

3013




or by appointment

E mail:
inceo@appstate.edu






Office:

Raley Hall
3
097

Section:

10
4






Phone :

828
-
262
-
4033








PREREQUISITE:

ECO 2030
-

Principles of Economics
-
Price Theory


TEXTBOOK:


N. Gregory Mankiw,
Principles of Macroeconomics

(6th ed), available for rental in the bookst
ore.


COURSE REQUIREMENTS
:

This is an introductory course in Macroeconomics
which will expose you to very useful tools, including problem
solving and analytical thinking. You will learn about how our personal choices affect the economy as a whole.




Student
s will understand basic macroeconomic terms, concepts and methodology and use them to analyze the
determination of important macroeconomic variables, including income level, employment, inflation and interest rates



Students will be able to assess the likel
ihood that various policy options would improve economic growth and
efficiency



Students will be able to apply economic reasoning to better understand real world policy issues (using fiscal and
monetary policy options), such as unemployment, inflation and
international trade


It is the responsibility of the student to be sure s/he is officially registered for this course. Students who are not
officially registered should not expect to be added late
.

It is your responsibility

to attend every class that is
sc
heduled. You are responsible for all material and announcements presented in class. You are also responsible for
all
of the material in the chapters covered in class
.

If you miss a class, you are expected to get material from another
student in the course.


If you work and your job is such that you are unable to attend lectures, then you should not
be enrolled in this course.



EXAMS:

There will be
3

multiple
-
choice EXAMS

that will cover material for that section of the class
.

There will also be
POP QUIZZES

during classes that will

not only

provide bonus points
for your final grade but also
encourage
attendance.
The dates for the exams will be listed in the course outline on the attached page.


There will be
NO

MAKE UP EXAMS

given. If you are ill or an emerg
ency arises that will prevent you from
taking an exam at the given time, it is your responsibility to contact me immediately. If you miss any exam without
prior notification, you will receive a
zero.

One time curve might be applied at the end of the course

depending on
the overall grade distribution and the average grade in the class.


HOMEWORK ASSIGNMENTS:


During this course, to complete certain assignments, you will be required to access a website dedicated to students
and professors of economics. To acc
ess the website, you need to register for an account with
Aplia

at
http://www.aplia.com
. A
n instruction sheet
is provided on the attached page
as well as a course key so that you can
register. Please register on the website within
a week
.


There will be 15 assignments in total.
I will
skip 5

lowest
assignment

grades
. This should be enough to cover
possible emergencies that may arise during the s
emester.

CLASS MATERIALS:


LECTURE NOTES
:
Lecture Notes are available on
Aplia

under
Course Materials

folder
. These notes are the
PowerPoint

slides that I will cover in c
lass. This will save some time for
students
who are taking notes and
encourage classro
om discussion.

LAPTOPS
, CELL PHONES
or

OTHER ELECTRONIC DEVICES

are
NOT

allowed in the classroom.
I expect students to print the lecture notes before coming to class.



PRACTICE QUESTIONS: Before each exam, I will solve practice questions (
similar

the ones you will see on the
exam)
that will be
available on the course website. This will give you an opportunity
to review your knowledge
.


GRADES:


GRADES ARE NOT NEGOTIABLE. Do not contact me after the final semester grades have been posted (asking
m
e to change your grade for any reason.) [Of course, if you believe your grade was posted erroneously by all means
DO contact me.] Grades will be calculated as follows:


Homework assignments

25
%

1
st

EXAM

25
%

2
nd

EXAM

25
%

3
rd

EXAM

25
%

POP QUIZZES

5
%
(BONUS)



Grade scale:


9
1
-
100

A

8
8
-
9
0

A
-

8
5
-
8
7

B+

81
-
8
4

B

77
-
80

B
-

7
3
-
7
6

C+

69
-
7
2

C

6
5
-
68

C
-

6
2
-
6
4

D+

59
-
6
1

D

56
-
5
8

D
-

0
-
5
5

F











Student Registration and Payment Instructions


Instructor:

Dr.
Onur Ince

Start Date:

0
8/20
/2013

Course
Key:

FZB4
-
MWUU
-
2TB3


Registration


Aplia is part of CengageBrain, which allows you to sign in to a single site to access your Cengage materials and
courses.

1.

Connect to http://login.cengagebrain.com/.

2.

If you already have an account, sign in.

From your
Dashboard, enter your course key (
FZB4
-
MWUU
-
2TB3
)
in the box provided, and click the

Register

button.

If you don't have an account
, click the

Create an Account

button, and enter your course key when
prompted:

FZB4
-
MWUU
-
2TB3
. Continue to follow the on
-
scree
n instructions.


Payment

Pay Aplia Directly

• Purchase access to your course directly
from Aplia on our website for $
35
.00 USD.

If you choose to pay later,
you can use Aplia without paying until 11:59 PM on
0
9/09
/2013
.










Tentative Course Outline
(Subject to change)

Week













Chapter


Beginning

Topic










Prin. of
MACRO


AUG

20

Ten Principles of Economics









1



2
7

Thinking like
an Economist









2


Interdependence & the Gains

from Trade







3


SEP


3

T
he

Market Forces of Supply & Demand







4


Measuring

a Nation’s Income









10




10

REVIEW














1
ST

EXAM (
September 12
-
Room
301
7
)

covers chapters 1,2,3,4, and 10





.

1
7

Measuring the Cost of Living









11




24

Production & Growth










12


OCT

1

Saving, Investmen
t, & the Financial System







13



8

Unemployment











15




15

The Monetary System











16


No Class on OCT 17
*****
UNIVERSITY BREAK
*****


22

REVIEW


2
ND

EXAM (
October 24
-
Room
301
7
)

covers chapters 11,12,13,15, and 16


2
9

Mo
ney Growth and Inflation









17




NOV

5

Open
-
Economy Macroeconomics: B
asic Concepts






18



A Macroeconomic Theory of the Open Economy







19



12

A Macroeconomic Theory of the Open Economy







19



Aggregate Demand & Aggregate Supply







20


1
9

Aggregate Demand & Aggregate Supply







20


The Influence of Monetary and Fiscal Policy







21


26

The Influence of Monetary and Fiscal Policy







21



on Aggregate Demand



No Class on NOV 28
*****

STATE HOLIDAY
*****








DEC

3

REVIEW



3
RD

EXAM (
December 5
-
Room
301
7
)

covers chapters 17,18,19,20, and 21