HB2504
University Of Houston-Victoria
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Course Online Syllabus
Spring 2012
| Department | ECON | Course Number | 2301 | Section Number | 25742 |
| Name of Course | Principles of Economics-Macro | ||||
| Name of Instructor | Glasure,Yong U. | ||||
This information may not constitute all course policies; students are responsible for all course requirements established by their instructors during the semester and all institutional policies as established in the UHV student handbook. | |||||
Learning Objectives
As a result of this course, students will
- Understand how aggregate economic performance is measured using GDP accounting, nominal and real currency measures, inflation, unemployment, business cycles and indicators. (EEO 1)
- Understand and be able to manipulate the aggregate supply/aggregate demand model. (EEO 3)
- Understand monetary and fiscal policy, how they work, their tools, and their advantages and disadvantages; and discuss the mix of the two, including automatic stabilization. (EEO 5 and 10)
- Understand and be able to discuss balance of trade and balance of payments, trade barriers, and exchange rates. (EEO 7)
Major Assignments/Exams
| Professor reserves right to modify syllabus and course schedule and other info | |||
| Homework from each section | 30 points | ||
| Lab participation (60 points) and class participation (10 points) | 70 points | ||
| Exam 1 | 100 points | ||
| Exam 2 | 100 points | ||
| Exam 3 | 100 points | ||
| Exam 4 | 100 points |
Required Reading
Paul Krugman and Robin Wells, Macroeconomics in Modules,2nd edition ed., ISBN 10: 1429287292.
Recommended Reading
No additional readings have been recommended for this course.
List of Discussion/Lecture Topics
- Use this course schedule as a guideline since the template used here is limited. You can find the detailed one on my homepage if you are enrolled in my course.
- Study of economics; Introduction to macroeconomics
- Go over syllabus and course schedule plus other house-keeping materials
- Production possibility frontier model; Comparative advantage and trade
- In-class exercises
- Supply and demand: introduction and demand; Supply and demand: supply and equilibrium; Supply and demand: changes in equilibrium
- Supply and demand: price controls; Supply and demand: quantity controls
- In-class exercises
- Exam 1
- The circular flow and gross domestic product; Interpreting real gross domestic product; The meaning and calculation of unemployment
- The causes and categories of unemployment; Inflation: overview; The measurement and calculation of inflation
- In-class exercises
- Income and expenditure; Aggregate demand: introduction and determinants; Aggregate supply: introduction and determinants
- Equilibrium in the aggregate demand aggregate supply model; Economic policy and the aggregate demand aggregate supply model; Fiscal policy and the multiplier
- In-class exercises
- Exam 2
- Spring Break
- Saving, investment and the financial system; Definition and measurement of money; The time value of money; Banking and money creation
- The federal reserve system history and structure; The federal reserve system monetary policy; The money market; The market for loanable funds
- In-class exercises
- Long-run implications of fiscal policy: deficits and the public debt; Monetary policy and the interest rate; Money, output and prices in the long run
- Types of inflation, disinflation and deflation; Inflation and unemployment: the Phillips curve; History and alternative views of macroeconomics; The modern macroeconomic consensus
- In-class exercises
- Exam 3
- Long-run economic growth; Productivity and growth
- Growth policy: why economic growth rates differ; Economic growth in macroeconomic models
- In-class exercises
- Capital flows and the balance of payments; The foreign exchange market
- Exchange rate policy; Exchange rates and macroeconomic policy; Putting it all together
- In-class exercises
- House-keeping and review session
- Exam 4
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