ECON 203 200 Texas A M Li Gan Fall 2006 Principles of Macroeconomics Honors I Time and Location of the class TuTh 8 45am 10 00am Allen 3033 II Grades Weekly quizzes 30 on Thursdays except exam weeks The worst three will not be used toward your final grade Homework Assignments 25 Roughly one homework assignment in every two weeks The worst one will not be used toward your final grade Exam 1 20 on Thursday 10 12 in class covering the first half of the class Exam 2 20 on Thursday 11 30 in class covering the second half of the class Make up exams will only be available for those students who have let the instructor know BEFORE the exam AND who provides verifiable proof that they have to miss the exam Class participation 5 You are expected to come to the class and to actively participate in the class III Office Hours Instructor Li Gan TA Lin Zou Email gan econmail tamu edu Office Allen 3086 Phone 862 1667 Office Hours TuTh 1 25pm 2 55pm or by appointment Email zlin tamu edu Office Allen 3009 Office Phone 458 4729 Office Hours 1 00pm 2 30pm IV The Textbook and website of the course the Planned Lecture schedule The textbook Macroeconomics 7th edition by Michael Parkin Addison Wesley 2005 The website http econweb tamu edu gan macro html or click the link at http econweb tamu edu gan 1 V Planned Lecture Schedule subject to change Week 1 8 28 9 1 Organization Chapter 1 Chapter 1 Appendix Week 2 9 4 9 8 Chapter 2 and Chapter 3 Mathematical Note Introduction Basic economic questions Graphs in economics Some micro foundation of macroeconomics Production possibilities Efficient of resources Economic growth Comparative advantages Demand curve Supply curve Demand and supply equilibrium Equations of demand and supply Week 3 9 11 9 15 Chapter 4 Chapter 5 Overview of macroeconomics Measuring economic output Gross Domestic Product GDP Expenditure and income approach GDP Deflator Week 4 9 18 9 22 Chapter 6 Monitoring economic performance Business cycles Jobs and wages Consumer Price Index CPI Equilibrium of aggregate supply and aggregate demand Chapter 7 Week 5 9 25 9 29 Chapter 8 Long run aggregate supply Labor supply Investment Productivity Week 6 10 2 10 6 Chapter 9 Long run economic growth Basic facts Causes of long run economic growth Week 7 Review the 1st exam The 1st exam will be held on 10 12 Thursday Week 8 10 16 10 20 Chapter 8 Long run aggregate supply Labor supply Investment Equilibrium Week 9 10 23 10 27 Chapter 9 Long run economic growth Basic facts Causes of long run economic growth Growth accounting 2 Week 10 10 30 11 3 Chapter 10 Money supply What is money Federal Reserve System Money demand Factors that affect money demand Short run effects of money Long run effects of money Inflation Demand pull inflation Cost push inflation Effects of inflation anticipated and unanticipated Inflation and unemployment The Phillips Curve Inflation and interest rate Keynesian model Business cycles Aggregate demand theory of business cycles Real Business Cycles RBC The Great Depression Chapter 11 Week 11 11 6 11 10 Chapter 12 Week 12 11 13 11 17 Chapter 13 Chapter 14 Week 13 11 20 11 22 Chapters 15 and 16 Simple discussions on fiscal and monetary policies Chapter 17 and 18 Introduction to International Trade and Finance Review and the 2nd exam The 2nd exam will be held on Thursday 11 30 in class Week 14 11 27 12 1 The Americans with Disabilities Act ADA is a federal anti discrimination statute that provides comprehensive civil rights protection for persons with disabilities Among other things this legislation requires that all students with disabilities be guaranteed a learning environment that provides for reasonable accommodation for their disabilities If you believe you have a disability requiring an accommodation please contact the Department of Student Life Services for Students with Disabilities in Cain Hall The phone number is 845 1637 AGGIE HONOR CODE An Aggie does not lie cheat or steal or tolerate those who do 3