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FIU ECO 3202 - Syllabus

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Syllabus1(October 12, 2008)ECO 3202 SECTION U02APPLIED MACROECONOMICSTerm: Fall 2008Session: MWF 10:00AM-10:50AMLocation: GL 100AInstructor: Zhiguang WangContact: [email protected](Note: start subject with [ECO 3202-YOUR LAST NAME]to avoid being trashed)Telephone: 305-348-2317 Fax: 305-348-1524Office Hours: MW11:00-12:00AM or by appointmentOffice Location: DM 308AWebsite: http://www.fiu.edu/~zwang001/eco3202/macro.htmCourse Description:The course of Applied Macroeconomics deals with aggregate economic performance andbusiness conditions. The major topics are the causes of economic expansions and reces-sions, inflation and unemployment, fiscal and monetary policies, short-run instability,and long-run growth. Students will become familiar with the national income accountsand basic macroeconomic variables like price indices, GDP and its components, andlabor market indicators. In this course, we utilize basic macroeconomic models to ana-lyze the interaction between the three fundamental markets of an economy: the goodsand services market, the asset market, and the labor market. We apply these modelsto examine how monetary policy, fiscal pollicy and forex shocks to the economy affectthe main economic variables.Required Textbook: MACROECONOMICS, Abel, Bernanke and Croushore, 6thEdition 2008. Addison Wesley Publishers. ISBN 0-321-41554-XI strongly suggest you to read the Wall Street Journal or Economist.com regularly.Tentative Schedule:Section IChapter 1: Introduction to Macroeconomics1subject to revision1Chapter 2: The Measurement and Structure of the National EconomyChapter 3: Productivity, Output and EmploymentChapter 4: Consumption, Saving and InvestmentChapter 7: The Asset Market, Money and PricesMIDTERM I Covering Section I on 10/8/2008Section IIChapter 9: The IS-LM/AD-AS ModelChapter 14: Monetary Policy and the Federal Reserve SystemChapter 15: Government Spending and Its FinancingMIDTERM II Covering Section II on 11/7/2008Section IIIChapter 12: Unemployment and InflationChapter 8: Business CyclesChapter 13: Exchange Rates, Business Cycles and Macro Policy in the Open EconomyChapter 6: Long-run Economic Growth (time permitting)LAST CLASS: 12/5/2008FINAL EXAM TBD by the universityCourse Policies:(1)Grading:Homework Assignments: 20 pointsQuizzes: 5 pointsMidterm I: 25 pointsMidterm II: 25 pointsFinal Exam: 25 pointsTotal: 100 pointsEach exam includes about 25-30 multiple choices and one essay type question. Yes,there will be a curve.(2) Homework: Problem sets will be posted regularly through my website. I mayor may not collect them. I will not accept any late submission if I decide to collectthem. A complete understanding of solving homework assignments is absolutely nec-essary for getting good grades on exams.2(3) Quiz: Four or Five Quizzes will be given in class randomly throughout thesemester. Each quiz will last no longer than 10 minutes. The lowest one will bedropped. Just take it easy.(4) Exams: The closed-book exams will draw on material contained in the lectures,the assigned readings, and the homework problems. You are responsible for reading theentire assigned chapter and any additional material that is covered in lecture. Pleasebring your student ID to the exam.• No make-up exams will be given. Excuses for absences from exams are limitedto verifiable illness and emergencies. In particular, I require a university approvedexcuse. If the absence from a midterm exam is excused, the final exam will bere-weighted accordingly. An unexcused absence from any exam will result ina score of zero for that exam. A business-related absence does not qualify asan excused absence, but may qualify for an early make-up. If you miss the finalexam, you will FAIL in this course automatically.• Zero Tolerance on Cheating. Any student caught cheating on an exam orengaging in any unethical behavior will receive a grade of F for the course andthe dean will be notified and asked to pursue further action.(5) Attendance and Classroom Participation: Regularly attending class is stronglyrecommended. Some issues addressed and some information provided in class may notbe found in the textbook. You are expected to read the chapters BEFORE coming toclass. If you miss a class, make sure that you know about in-class happenings. Merelyhaving a copy of the lecture notes is not a substitute for class attendance. Your par-ticipation will be considered when your letter grade is determined. Sometimes it helpsyou a lot :)Important Dates:September 1 (Monday) Labor Day (University Closed)September 2 (Tuesday) Last day to drop with full refundOctober 17 (Friday) Last day to drop with a DR or WI gradeNovember 28 (Friday) Thanksgiving


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