L1.1R - Econ 102 Fall 2006 Lecture 1.1 Introduction 1...

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1 1 Econ 102 Fall 2006 Lecture 1.1 Introduction 2 Course outline z The course has four modules z Each module consists of 4 lectures z After the first two modules there will be a review z After the review there will be an in-class midterm exam z There are 20 classes in total – 16 lectures – 2 reviews – 1 midterm exam – 1 lecture reviewing the midterm 3 Grading policy z Grading Participation Midterm exam Tuesday October 31st Final exam Wednesday December 13 th z Participation 10% z Midterm 30% Final 60% z OR z 100% Final (whichever is higher)
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2 4 Organization z Office hours Friday: 9-11: Bunche Hall 8345 z Email: rfarmer@econ.ucla.edu z Cell phones Turn them off! z Reading: Macroeconomics, Text by Farmer, Southwestern Addition reading available on the class website 5 Math requirements z You are expected to know Simultaneous equations, Cartesian coordinates, the real number line, multivariate calculus, functions of several variables, statistics (means and standard deviations), logarithms, exponential functions 6 Part 1: Classical model of a real economy z Why some countries are rich and others are not z How to measure wealth and income z How to use models to explain growth To explain recessions
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3 7 Part 2: Classical model of a monetary economy z How intertemporal markets work Real and nominal interest rates Borrowing and lending z Prices and inflation Steady state and inflation Complete classical model 8 Part 3: Keynesian theory of unemployment z
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This note was uploaded on 04/11/2009 for the course ECON 102 taught by Professor Serra during the Winter '08 term at UCLA.

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L1.1R - Econ 102 Fall 2006 Lecture 1.1 Introduction 1...

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