ECON 2305 PRINCIPLES OF MACROECONOMICS SPRING 2012 SECTION 001 Section 001 MWF 10 00 10 50am Room 186UC Rosebud Theatre Instructor Ronnie Liggett MBA CPA Office Number 318 Business Bldg Mail Box 19479 Phone Number 817 272 2635 office Office Hours MWF 11 12 00 and by appointment E mail liggett uta edu Prerequisites None Course Objectives Or Goals Macroeconomics is a field of economics a social science that deals with problems facing economies and societies as a whole and how these problems affect individuals In addition to the study of the overall economy the class will include introductory economic principles and other topics such as the existence of intergroup disparity in social values and its relationship to alternative policies that affect sub groups and cultures in the economy the effect of inflation on different classes the social and family disruptions caused by unemployment which affects groups unequally employment and training policies for the disadvantaged the effect of nondiscrimination laws in the marketplace income distribution and entitlement programs and their diversity implications and government policies for growth that target the underclass Course Format The course will include text material as well as outside articles i e Wall Street Journal etc and lecture notes You are responsible for what is said discussed in class If you are absent you should arrange to get notes from a classmate This is important The class will include some emphasis on solving problems therefore your textbook should be brought to class Without your text there may be days when you are unable to participate as required Additionally there will be some time spent discussing various current issues Required Text Economics Today The Macro View Miller AW 16E 0132744651 Electronic My Econ Lab Online Purchase w Text or Separate Other As assigned in class i e WSJ Blackboard postings Course Outline or Nature of Course Content Chapter 1 The Nature of Economics Chapter 2 Scarcity and the World of Trade Offs Chapter 3 Demand and Supply Chapter 4 Extensions of Demand And Supply Analysis Chapter 5 Public Spending and Public Choice Chapter 6 Funding the Public Sector Chapter 7 The Macroeconomy Unemployment Inflation and Deflation Chapter 8 Measuring the Economy s Performance Chapter 9 Global Economic Growth and Development Chapter 10 Real GDP and Price Level in the Long Run Chapter 11 Classical Keynesian Macro Analyses Chapter 12 Consumption Real GDP and the Multiplier Chapter 13 Fiscal Policy Chapter 14 Deficit Spending and the Public Debt Chapter 15 Money Banking and Central Banking Chapter 16 Domestic and International Dimensions of Monetary Policy Chapter 32 Comparative Advantage and the Open Economy Chapter 33 Exchange Rates and the Balance of Payments Exams Test format may include multiple choice T F graphing and or short answer questions Scantrons will be required Form 882 E Home Work Quizzes HW and or Quizzes will be assigned online via MyEconLab There will be 10 15 assignments I will drop your lowest two scores These assignments will collectively account for approximately 10 12 of your overall grade Pop Quizzes and or Extra Credit Either of these may be given in class and will become part of your grade accordingly UTA ID Card Required for all Tests Exams Grading and Methods of Evaluation and TENTATIVE Test Dates Exam 1 100 pts 2 10 Tentative chapters 1 4 Exam 2 100 pts 3 9 Tentative chapters 5 7 8 10 11 Exam 3 100 pts 4 9 Tentative chapters 12 13 15 16 Final Exam 120 pts 5 7 8am Tentative chapters 6 14 32 33 75 of Final S D 25 End of Year Quiz 40 pts TBA HW 60 pts 520 pts Depending on number of HW Quizzes A 90 100 B 80 89 C 68 79 D 60 67 F Below 60 Plain Calculators Only No text devices to be used during tests for any purpose i e pagers cell phones or any other electronic device with text capability No earpiece phones etc no texting during class Important Dates January 16 MLK Holiday January 17 First Class Day 1 18 first day for MWF Class March 12 16 Spring Break March 26 30 Business Week March 30 Last Day to Drop May 4 Last Class Day Before Final Exam Week Student Learning Outcomes The student will be able to explain and discuss the course content as noted in the course and subject outline and demonstrate their knowledge of course material through examinations quizzes and class discussions More specifically the student will be able to employ the methods that economists use to investigate market outcomes use and critique alternative theories of the macroeconomy develop and communicate alternative explanations or solutions for contemporary social issues such as poverty and unemployment differentiate and analyze historical evidence documentary and statistical and differing points of view analyze critically assess and develop creative solutions to public policy problems such as inflation and recognize appropriate information sources for data about the state of the economy Other Course Objectives and Format In various ways the course will incorporate use of the basic intellectual competencies i e reading writing and expression speaking listening and absorption of ideas and critical thinking Additionally on a smaller scale some computer literacy may be beneficial in the research and acquisition of additional information for topic areas appealing to the student or assigned by the instructor Extra Credit Generally there is no formal extra credit On occasion I might give a pure extra credit quiz or some other assignment These are unannounced and might occur at anytime There is NO MAKE UP should you miss these Disclaimer Regarding Syllabus I reserve the right to make changes to the syllabus as the semester progresses Students are responsible for being aware of these changes Make up Exam Policy All students are expected to take the tests at the assigned time not early or late If for some reason you must miss a test you should notify me beforehand Make up tests are for extenuating circumstances only If a make up is approved by the instructor it will be given AT THE END OF THE SEMESTER DURING THE WEEK BEFORE FINAL EXAMS AND MAY CONSIST OF ESSAY QUESTIONS Attendance Policy Roll may be taken at each class Students are expected to attend class A seating chart may be used If you regularly miss class then my assumption is that the class is not very important to you Laptop Computer Any laptops brought to class are to be used strictly for this class I reserve the right to ask that laptops be turned off if there is