Econ 102 – MacroeconomicsFall 2008 SyllabusInstructor: Steven W. Rick Office: 6418 Social ScienceCourse Description:This course addresses four areas of importance.GDP: Measuring Total Production and IncomeGDP: Measuring Total Production and IncomeFIRST EXAMUnemployment and InflationEconomic Growth, the Financial System, and Business CyclesEconomic Growth, the Financial System, and Business CyclesOct. 14Long-Run Economic Growth: Sources and PoliciesLong-Run Economic Growth: Sources and PoliciesOutput and Expenditure in the Short RunSECOND EXAMAggregate Demand and Aggregate Supply AnalysisAggregate Demand and Aggregate Supply AnalysisMoney, Banks, and the Federal Reserve SystemMoney, Banks, and the Federal Reserve SystemNov. 11Monetary PolicyMonetary PolicyFiscal PolicyFiscal PolicyDec. 11Dec. 16FINAL EXAM (5:05 pm)Econ 102 – Macroeconomics Fall 2008 Syllabus Instructor: Steven W. Rick Office Hours: Tuesday and Thursday, 10:50-11:30 am, and by appointment. Office: 6418 Social Science Phone: 231-4285 Credit Union National Association 262-0235 University of Wisconsin E-Mail: [email protected] Prerequisites: Economics 101 or AAE 215. Text: R. Glenn Hubbard & Anthony Patrick O’Brien. Macroeconomics. 2006. Pearson Prentice Hall Course Description: This course addresses four areas of importance. I. The Economic Way of Thinking – Scarcity, choice and economic tools II. Markets and Government – Aggregate demand and supply, role of government, and the market process III. Core Macroeconomics – Money, the banking system, monetary policy, fiscal policy, economic growth, Phillips curve, unemployment, inflation, equilibrium IV. International Economics – International trade, comparative advantage, the international monetary system, exchange rates Discussion 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 the discussion 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 TOPIC Sept. 2 The Current Economy Sept. 4 The Current Economy Sept. 9 1 Economics: Foundations and Models Sept. 11 1 Economics: Foundations and Models Sept. 16 3 Where Prices Come From: The Interaction of Demand and Supply Sept. 18 3 Where Prices Come From: The Interaction of Demand and Supply Sept. 23 7 GDP: Measuring Total Production and Income Sept. 25 7 GDP: Measuring Total Production and Income Sept. 30 FIRST EXAM Oct. 2 8 Unemployment and Inflation Oct. 7 9 Economic Growth, the Financial System, and Business Cycles Oct. 9 9 Economic Growth, the Financial System, and Business Cycles Oct. 14 10 Long-Run Economic Growth: Sources and Policies Oct. 16 10 Long-Run Economic Growth: Sources and Policies Oct. 21 11 Output and Expenditure in the Short Run Oct. 23 SECOND EXAM Oct. 28 12 Aggregate Demand and Aggregate Supply Analysis Oct. 30 12 Aggregate Demand and Aggregate Supply Analysis Nov. 4 13 Money, Banks, and the Federal Reserve System Nov. 6 13 Money, Banks, and the Federal Reserve System Nov. 11 14 Monetary Policy Nov. 13 14 Monetary Policy Nov. 18 15 Fiscal Policy Nov. 20 15 Fiscal Policy Nov. 25 16 Inflation, Unemployment, and the Federal Reserve Policy Nov. 27 16 Inflation, Unemployment, and the Federal Reserve Policy Dec. 2 17 Macroeconomics in an Open Economy Dec. 4 17 Macroeconomics in an Open Economy Dec. 9 18 The International Financial System Dec. 11 18 The International Financial System Dec. 16 FINAL EXAM (5:05 pm)Grievance Procedure The Department of Economics has developed a grievance procedure though which you may register comments or complaints about a course, an instructor, or a teaching assistant. The Department continues to provide a course evaluation each semester in every class. If you wish to make anonymous con1plaints to an instructor or teaching assistant, the appropriate vehicle is the . course evaluation. If you have a disagreement with an instructor or teaching assistant, we strongly encourage you to try and resolve the dispute with him or her directly. The grievance procedure is designed for situations where neither ofthese channels is appropriate. . If you wish to file a grievance, you should go to room 7238 Social Science and request a Course Comment Sheet. When completing the comment sheet, you will need to provide a detailed statement that describes what aspects of the course you find unsatisfactory. You will need to sign the sheet and provide your student identification number, your address, and a phone number where you can be reached. The Department plans to investigate comments fully and will respond in writing to complaints. Your name, address, phone number, and student ill number will not be revealed to the instructor or teaching assistant involved and will be treated as confidential. The Department needs this information, because is may become necessary for a commenting student to have a meeting ·with the department chair or a nominee to gather additional information. A name and address are necessary to provide a written
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