Econ 102 – MacroeconomicsFall 2009 SyllabusInstructor: Steven W. RickOffice: 6418 Social ScienceCourse Description:This course addresses four areas of importance.GDP: Measuring Total Production and IncomeGDP: Measuring Total Production and IncomeUnemployment and InflationFIRST EXAMEconomic Growth, the Financial System, and Business CyclesEconomic Growth, the Financial System, and Business CyclesOct. 15Long-Run Economic Growth: Sources and PoliciesOutput and Expenditure in the Short RunOutput and Expenditure in the Short RunAggregate Demand and Aggregate Supply AnalysisAggregate Demand and Aggregate Supply AnalysisMoney, Banks, and the Federal Reserve SystemMoney, Banks, and the Federal Reserve SystemMoney, Banks, and the Federal Reserve SystemNov. 12SECOND EXAMMonetary PolicyMonetary PolicyFiscal PolicyFiscal PolicyDec. 22Econ 102 – MacroeconomicsFall 2009 SyllabusInstructor: Steven W. RickOffice Hours: Tuesday and Thursday, 11:00-11:45 am, and by appointment. Office: 6418 Social Science Phone: 231-4285 Credit Union National Association 262-0235 University of Wisconsin E-Mail: [email protected]: Economics 101 or AAE 215.Text: R. Glenn Hubbard & Anthony Patrick O’Brien. Macroeconomics. 2nd Edition. Pearson Prentice Hall Course Description:This course addresses four areas of importance.I. The Economic Way of Thinking – Scarcity, choice and economic toolsII. Markets and Government – Aggregate demand and supply, role of government, andthe market process III. Core Macroeconomics – Money, the banking system, monetary policy, fiscal policy, economic growth, Phillips curve, unemployment, inflation, equilibriumIV. International Economics – International trade, comparative advantage, the international monetary system, exchange ratesDiscussion Sections: Every student should register for and attend the weekly discussion sections.Homework: Homework problems will be assigned from the text on a weekly basis and will be collected at thediscussion sections. Homeworks will be graded on the following basis:3 points—The homework is carefully done, and substantially correct.2 points—A good attempt has been made to answer the questions.1 point—A less than adequate attempt was made to answer the questions.Grading: Grading will be based on homework performance (10%), two midterm exams (25% each), and a final exam (40%). In a situation where a student’s grade is borderline, the grade will be determined by participation in class and discussion section.Following is a schedule of readings and exams for the course.DATE CHAPTER TOPICSept. 3 The Current EconomySept. 8 The Current EconomySept. 10 1 Economics: Foundations and ModelsSept. 15 1 Economics: Foundations and ModelsSept. 17 3 Where Prices Come From: The Interaction of Demand and SupplySept. 22 3 Where Prices Come From: The Interaction of Demand and SupplySept. 24 7 GDP: Measuring Total Production and IncomeSept. 29 7 GDP: Measuring Total Production and IncomeOct. 1 8 Unemployment and InflationOct. 6 FIRST EXAMOct. 8 9 Economic Growth, the Financial System, and Business CyclesOct. 13 9 Economic Growth, the Financial System, and Business CyclesOct. 15 10 Long-Run Economic Growth: Sources and PoliciesOct. 20 11 Output and Expenditure in the Short RunOct. 22 11 Output and Expenditure in the Short RunOct. 27 12 Aggregate Demand and Aggregate Supply AnalysisOct. 29 12 Aggregate Demand and Aggregate Supply AnalysisNov. 3 13 Money, Banks, and the Federal Reserve SystemNov. 5 13 Money, Banks, and the Federal Reserve SystemNov. 10 13 Money, Banks, and the Federal Reserve SystemNov. 12 SECOND EXAMNov. 17 14 Monetary PolicyNov. 19 14 Monetary PolicyNov. 24 15 Fiscal PolicyDec. 1 15 Fiscal PolicyDec. 3 17 Macroeconomics in an Open EconomyDec. 8 17 Macroeconomics in an Open EconomyDec. 10 18 The International Financial SystemDec. 15 18 The International Financial SystemDec. 22 FINAL EXAM (7:45
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