Syllabus - University of Southern California Department of...

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University of Southern California Department of Economics ECON 205 Principles of Macroeconomics Spring 2007 Prof. Safarzadeh email: safarzad@marshall.usc.edu Office Hours: TTh 2:00 - 3:00 pm and by appointment Office: Course Description This course is the second of a two-course sequence in basic economic theory. After reviewing some preliminary concepts and some general economic rules, this course introduces you to the economic theories and tools that can help you to have a better understanding of the fundamental macroeconomic issues, policies, and institutions. The major topics of discussion in this course will be, the measure of GDP and economic indicators and indices, determinants of business cycles, the role of monetary and fiscal policies in smoothing business cycles, the evolution of macroeconomic thoughts, and economic growth. Course Requirements Economics at this level uses numbers, graphs, and equations to communicate basic economic theories and concepts. Although I will minimize the use of mathematics in teaching this course, there is no way to avoid the use of numbers, graphs, and mathematical relations in teaching process. Therefore, I will assume that students are familiar with line graphs (time-series plot), descriptive statistics, and solving equations. I highly advise you to review the following topics before the first day of the class: Market analysis including demand-supply, equilibrium, demand- supply shifters, market adjustments, and circular flow model. The text books for the course is Economics by Michael Parkin (7th edition), Addison-Wesley, 2006. This text book is to serve as the point of departure for lectures and some of the homework exercises and tests. In addition, lecture notes and some practices on the course material will be available online on the BlackBoard (http://blackboard.usc.edu). You are required to be sufficiently familiar with the topics assigned for each class meeting prior to the class so that they can intelligently be discussed in the class. You are also required to follow the current economic news in the media and see how they relate to the economic theories covered in the class. The
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Syllabus - University of Southern California Department of...

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