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Course: ECON 2, Winter 2007School: UCLA
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2 Economics M,W 2:00 3:15 p.m. Rolfe 1200 Winter Quarter, 2008 http://www.sscnet.ucla.edu/08W/econ2-1/ Professor Lee Ohanian ohanian@econ.ucla.edu 310-825-0979 8391 Bunche Hall Office Hours: Tuesday & Thursday, 1:00 2:00 p.m. Summary This course is an introduction to macroeconomics the study of national and international economies. The topics we will cover include economic growth, money and inflation,...
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2 Economics M,W 2:00 3:15 p.m. Rolfe 1200 Winter Quarter, 2008 http://www.sscnet.ucla.edu/08W/econ2-1/ Professor Lee Ohanian ohanian@econ.ucla.edu 310-825-0979 8391 Bunche Hall Office Hours: Tuesday & Thursday, 1:00 2:00 p.m.
Summary This course is an introduction to macroeconomics the study of national and international economies. The topics we will cover include economic growth, money and inflation, unemployment, and the prices of assets, such as stocks and bonds. Before we analyze these topics, we will cover some basic microeconomic principles on supply, demand, and how markets function. Mathematics pre-requisites The course will make use of high school mathematics, including algebra. Calculus is a plus, but is not required. PTEs. The Economics Department does not use PTEs students who wish to enroll should speak with the economics counselors on the 2nd floor of Bunche Hall, room 2263. The Waitlist Those on the waitlist will be enrolled if a spot opens up. Textbook Principles of Economics, 4th edition, by N. Gregory Mankiw, Worth Publishers, Custom Edition for UCLA, which includes the chapters we will use. You may also purchase the entire text. Class Notes For some material, we will supplement the textbook with class notes. These will be made available on the course website,
Exams There are two examinations. Both exams are closed book and closed note. A midterm examination in class on Monday, February, 11, 2008. The final exam will be given on Monday, March 17, from 11:30 a.m. 2:30 p.m. The final is cumulative. The final will not be offered at any other times. You will need to bring picture ID to be able to take the final exam. Your course grade will be based on the following weights: 1/3 midterm and 2/3 final. Things to bring to the exam You must bring two large BLUEBOOKS to the midterm and three to the final. DO NOT WRITE your name on these bluebooks. The blue books will be randomly distributed. You must use PEN. Calculators are not allowed. Office Hours Teaching Assistants You may see any of the TAs. TA office hours will be posted on the web site and announced during the discussion sections. If you have a question about the course material, you should first see one the of Teaching Assistants during the discussion section or during their office hours.
Discussion Sections You may attend any of the sections, provided there is space available. Office Hours Professor Ohanian Tuesday, 1:00-2:00 p.m., Thursday, 1:00 2:00 p.m. Feel free to come see me, but due to the size of the class, you will save yourself a lot of time if you see one of the Teaching Assistants first, who are extremely well qualified to explain the material. There is typically a LONG line of students during my office hours. Topics and Practice Problems We will cover the chapters listed below in the order presented. The following questions for review and problems and applications at the end of each chapter will help you learn the material, and test your understanding of that material. The answers will be discussed in the TA sections, and will also be posted on the course's web site each week.
Chapter 1 Ten (Nine) Principles of Economics Questions 1, 3, 4. Problems 1, 3, 4, 9. Chapter 2 and Appendix Thinking Like an Economist. Questions 1 & 5. Problem 1, 2, 4, 5. Chapter 3 Interdependence and Gains from Trade Questions 1-3. Problems 1, 2, 8 Chapter 4 Market Forces Questions 1,2, 3, 4, 6-11. Problems 1 7. Chapter 5 Elasticity. Questions 1, 4, 5. Problems 1, 4, 8, 11, 12. Chapter 6 Supply, Demand, and Government Questions 3, 5, 7. Problems 2, 3, 4, 8. Chapter 7 Consumers, Producers, and Efficiency. Questions 3, 5. Problems 1, 6, 10. Chapter 23 Measuring a Nation's Income Questions 1, 3, 4, 8. Problems 2, 6, 9, 11. Chapter 24 Measuring the Cost of Living Questions 1, 3, 4. Problems 1, 4, 6.. Chapter 25 Production and Growth . Questions 2, 7. . Problems 2, 3, 4, 10. Chapter 26 Savings and Investment Questions Problems 1, 2, 3, 5, 9. Chapter 27 Tools of Finance Questions 1, 2, 3, 6. Problems 1, 2, 3, 9 Chapter 28 Unemployment Questions 3, 4, 5. Problems 1, 7, 8. Chapter 29 The Monetary System Questions 2, 5, 6. Problems 2, 7. Chapter 30 Money and Inflation Questions 2, 3. Problems 2, 3, 4, 10 Chapter 31 Open Economy Macroeconomics Questions 1, 2, 4. Problems 1, 5, 9, 12 Chapter 32 - Theory of the Open Macroeconomy Questions 2, 3. Problems 1, 5, 6, 10.
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