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Syllabus for Spring 2007

Syllabus for Spring 2007 - ECON 100(section 04 PRINCIPLES...

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Page 1 of 6 ECON 100 (section 04) – PRINCIPLES OF MACROECONOMICS Class Term: Spring 2007 Instructor: Steven Yamarik Class Time: TuTh 12:30-1:45 Phone: (562) 985-4634 Class Number: 6908 Office: SS/PA 355 Class Location: ECS 105 E Mail: [email protected] Office Hours : Tuesday 4:00-5:30 and Thursday 2:00-3:30 Required Materials : Frank, Robert H. and Ben S. Bernanke ( FB ), 2007, Principles of Macroeconomics , 3rd edition, McGraw Hill/Irwin. Access to Beachboard for handouts and homework assignments. Course Description : This course is an introduction to macroeconomics. Macroeconomics is the branch of economics that tries to explain how and why the economy grows and fluctuates over time. Specifically, we will ask how to measure the performance of the economy? Why are some countries so rich and others so poor? Can a nation grow forever? What is money and what role does it play in the economy? Will the U.S. economy go into a recession? Why is everyone so interested in what Ben Bernanke and the Federal Reserve do? Why is free trade good for the economy and why do some oppose it? Course Objectives : This course has five learning objectives. First, you will understand the ‘economic way of thinking’ and use it to understand economic decisions. Second, you will learn about the measurement, importance and performance of the macroeconomic goals of economic growth, low inflation and full-employment. Third, you will build and then use an economic model that explains the long-run evolution of aggregate income, employment, investment and prices in the long run. Fourth, you will build and then use an economic model that explains the short-run fluctuations of income and prices in the short run. Lastly, you will determine the sources of international trade flows and exchange rate fluctuations. Economics is a rigorous subject. It will require you to not only learn new theories and ideas, but also to apply these theories and ideas to new situations and contexts. As a result, you will work actively with the material through in-class worksheets and outside homework assignments. Economics is also a subject that builds upon itself and thus requires you understand one topic in order to advance to the next. Therefore, you will need to keep up with the material. Grading Policy : The final numeric grade for the course is calculated using the following weights. In-Class Worksheets 15% Homework Assignments 20% Midterm Exam I 20% Midterm Exam II 20% Final Exam 25%
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Page 2 of 6 The final letter grade for the course will be determined by applying the following scale: 90-100 A 80-89 B 70-79 C 60-69 D 0-59 F Examinations : There are two midterm exams and a final exam.
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