PRINCIPLES OF MACROECONOMICS
(2 p.m. Class)
March 05, 2013
Dr. Levent Bulut
Brooks Hall, #506
Tue & Thu: 2:00 p.m.-3:15 p.m.
Room: Miler LC #
Regular Office Hours:
Virtual Office Hours:
Thursdays: 10 p.m.
– 11 p.m.
The course syllabus is a general plan for the course;
deviations announced to the class may be necessary.
We will use eLC for syllabus updates, making announcements, distributing
course materials, recording and distributing grades, communications, chat,
You can access this portal through
Some basic questions we will try to find an answer in
this course are:
What really does the gross domestic product (GDP) measure?
How to measure the cost of living and how it deteriorates through time?
What long-run growth is and how it determines a country’s standard of
Why price stability is preferred to inflation or deflation?
Why we have ups and downs in the economy and what role do the
policy makers take in stabilizing the economy?
How unemployment moves over the business cycle?
How economists use aggregate measures to track the performance of
Why policymakers who control aggregate demand face a trade-off
between inflation and unemployment?
There is no prerequisite for this course.
Macroeconomics in Modules
by Paul Krugman;
Robin Wells; Margaret Ray; David A. Anderson.
Second edition, 2012
covered in each module can vary depending on
the progress of individual class sessions. There
might be some updates and changes in the list as
we go along. Please refer the syllabus posted on
eLC as the last updated one.
I will complement the book with additional
material, such as lecture notes, slides and data.
Additional material will be available on the
course web-page on eLC.
Below is a list of options you have to get a copy of the textbook.
Rent used or new
Imaginary Checking Account
An imaginary checking account is already
opened for each student who registered for this class at an imaginary bank
called InYourDream (IYD) Bank. Everyone starts with a balance of $0.00 and
throughout the semester your performance in online quizzes, exams, and in-
class activities will be rewarded with imaginary class dollars and that money
will be deposited to your account. Your end of semester account balance will
determine your course grade.
Your letter grade will be determined by your end-of-semester account balance
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