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Unformatted text preview: Penn State University-Mont Alto Business Administration Department FALL 2011 Course Title: Introductory Macroeconomics Analysis and Policy Course No.: ECON104 Instructor: Dr. Hanafiah Harvey Email: email@example.com Phone (Off): (717) 749-6027 Office Hrs: M W (12:00 2:00pm) OR by appointment. Office: Room 205 General studies (GS) Class Meetings: M W F (11:00AM - 11:50AM) - 308 (GS) Course Objectives Macroeconomics is the study of the economy as a whole. It addresses economics measures such as total output, total unemployment, aggregate expenditures and price levels. Its goal is to explain the economic changes that affect many households, firms, and markets at once. Some of the important questions in macroeconomics are: Why does the cost of living keep rising? What is the government budget deficit? How does it affect the economy? Why are there recessions? Can the government do anything to combat recessions? Should it?? Upon successfully completing this course, students should be able to: Describe how scarce resources and unlimited wants lead to making economic choices; Graphically apply the supply-and-demand framework to analyze changes in the marketplace; Explain unemployment and inflation and how that data is collected and computed; Explain the meaning and components of the National Income Accounts, especially GDP; Explain the meaning of the business cycle and its phases; Manipulate though graphical and mathematical forms the basic Aggregate Supply, Aggregate Demand model of the macro economy; Explain how fiscal policy operates, its tools, and its advantages and drawbacks; Explain how a fractional reserve banking system works; Explain how monetary policy operates, its tools, and its advantages and drawbacks. Required Text: Hubbard, OBrien, Macroeconomics , 3 rd edition, Pearson Prentice Hall, 2008. ISBN: 978-013-602187-2 Grading: 1. Attendance and Participation: (5%) 2. Assignments: (25%) 3. Paper: (10%) 4. Exams and Quizzes: Quizzes (25%) Midterms: (20%) Final: (15%) Quizzes/Exams There will be weekly quizzes, two (2) midterms and a final. Quizzes The quizzes will have short answer questions, problem solving and multiple choice questions. I will drop TWO (2) of the lowest marks. Quizzes: every Friday unless announced otherwise Missed Quizzes NO makeup. Midterms/final exam: The midterms and final will have short answer questions, problem solving and multiple choice questions. Anticipated Date : Week 5: Midterm 1 Week 10: Midterm 2 Final: TBA Missed Exams Prior approval by the instructor is required to make up missed exam. The student is responsible for arranging a time and place to take a makeup exam. If a student fails to show up on the agreed time, then I will assigned zero (0) mark....
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