Week 01 - Course Outline

Week 01 - Course Outline - Langara College Department of...

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Langara College Economics 1221 Department of Economics Spring 2008 Fulton Tom Office B147h E-mail: ftom@langara.bc.ca Telephone: 604-323-5763 PRINCIPLES OF MACROECONOMICS Economics is the painful elaboration of the obvious. Anonymous The purpose of studying economics is not to acquire a set of ready-made answers to economic questions, but to learn how to avoid being deceived by economists. Joan Robinson An economist is an expert who will know tomorrow why the things he predicted yesterday didn't happen today. Laurence J. Peter Learning Outcomes By the end of this course, successful students will be able to Understand and use the language of economics. Analyze real life situations using economic models. Apply economic principles to real life situations. Illustrate economic principles and real life situations using graphs. Use mathematics to measure and describe economic phenomena. Describe the basic economic problem. Describe how competitive markets operate. Calculate and interpret macroeconomic indicators. Identify the sources of long run economic growth. Analyze the economy using the aggregate demand/aggregate supply model. Explain how fiscal policy operates. Explain how the banking system operates. Explain how monetary policy operates. Explain the impact of international trade, exchange rates and the balance of payments on the economy. Course Assessment Assignments (due dates to be announced) . ....................................... 10% Midterm I (Friday 15 February 2008) . ............................................. 25% Midterm II (Friday 14 March 2008) . ............................................. 30% Final Examination (date to be announced) . ...................................... 35% Your letter grade for the course will be assigned on the following basis: 95 - 100% A+ Distinguished Achievement 90 - 95% A Distinguished Achievement 85 - 90% A- Distinguished Achievement 80 - 85% B+ Above Average Achievement 75 - 80% B Above Average Achievement 70 - 75% B- Above Average Achievement 65 - 70% C+ Satisfactory Achievement 60 - 65% C Satisfactory Achievement 55 - 60% C- Satisfactory Achievement 50 - 55% D Marginal Performance less than 50% F Failure
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Required Textbooks Paul Krugman, Robin Wells, and Anthony Myatt. Macroeconomics , Canadian Edition. Worth Publishers, 2007.
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This note was uploaded on 10/13/2009 for the course ECON 1221 taught by Professor Whitaker during the Winter '09 term at Langara.

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Week 01 - Course Outline - Langara College Department of...

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