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graph to explain the impact of changes in fiscal and/or monetary policy on income and price levels. In addition, students should be able to use simple models of international trade to study the flow of goods between countries and discuss the costs of protectionism within the context of such models. Tentative Course Outline 1. Exploring Economics 2. Production, Economic Growth, and Trade 3. Supply and Demand
4. Markets and Government 5. Introduction to Macroeconomics 6. Measuring Inflation and Unemployment 7. Economic Growth 8. Aggregate Expenditures 9. Aggregate Demand and Supply 10. Fiscal Policy and Debt 11. Saving, investment, and the Financial System 12. Money Creation and the Federal Reserve 13. Monetary Policy 14. Macroeconomic Policy: Challenges in a Global Economy 15. International Trade 16. Open Economy Macroeconomics ExamsExamination 1** Tuesday, February 7, 2017 (5:00 PM – 6:15 PM) Examination 2** Tuesday, March 7, 2017 (5:00 PM – 6:15 PM) Final Finals Week; TBA If you have a conflict with the exam schedule, please let the instructor know in advance. If you miss an exam, you should provide sufficient paperwork for your excuse. A make-up exam is not guaranteed. **Please note that these exam dates are tentative depending on the progress of the course. Actual test dates will be announced in class. The final exam date and time are nonnegotiable. Grades Grades will be based upon three exams given throughout the course. Grades may be curved depending on the performance of the whole class. Extra credit may be given at the discretion of the professor but is not guaranteed. Any solicitations for extra points by any means will be immediately denied. You must take all examinations in order to pass this course.