PRINCIPLES OF MACROECONOMIC SFALL 2015ECON 222, SECTION 001, TTH 10:05 am – 11:20 am, DMSB 101COURSE OBJECTIVESTEXTPartial lecture notes will be posted on Blackboard. Please check Blackboard every night before class for any new postings. You will find these notes very important in preparing for exams and helping you understand the material presented in lectures.PREREQUISITEE-MAILBLACKBOARDGRADING SYSTEMPOINTS POSSIBLEQUIZZES AND HOMEWORK ASSIGNMENTSTENTATIVE SCHEDULEChapter 9Chapter 16PRINCIPLES OF MACROECONOMIC S FALL 2015ECON 222, SECTION 001, TTH 10:05 am – 11:20 am, DMSB 101 PROFESSOR : Dr. Chandini Sankaran OFFICE : 452A DMSB, Moore School of BusinessE-MAIL : [email protected] : (803) 777-5919OFFICE HOURS : Tuesdays and Thursdays 1:15-2:45 p.m.VIRTUAL OFFICE HOURS : Mondays 9:30 a.m. - 10:30 a.m. and from 7:30pm-8:30 pm on the days before exams (I will only wait for 20 minutes for students to log-on. If no one logson by 9:50am, I will leave the chatroom. Virtual hours will not beheld in the morning the day before the exam as they will be held atnight) VIRTUAL OFFICE HOURS URL: www.breeze.sc.edu/chandinivohmonthdateyear for example, office hours on August 24th 2015 would be www.breeze.sc.edu/chandinivoh082415 TA Eren Bilen: Grading, scheduling, and Blackboard/MyEconLab problems [email protected] Office Hours: Thursdays 4:15-5:15 p.m.TA Jonathon Graab: Help with course material and reviewing your old exams [email protected] Hours: Mondays 12:30-1:30 p.m.Note: I am only guaranteed to be able to talk with you online and meet with you in my office during my posted office hours and forscheduled appointments. Your first point of contact about scheduling questions should be your TA. My e-mail is open for questionsthat require short answers such as scheduling questions and quick consultations. In-depth explanations of economic theory or mathproblems cannot and will not be done through e-mail by your TAs or me. Unfortunately, with so many students, I am not guaranteed tobe able to answer your individual e-mails. However, please be reassured that I read all of your email messages. If you require ananswer through email, please make sure you copy your TA to the message. You can also clarify all questions with me face-to-face inmy office during my office hours, before class, or online during my virtual office hours.COURSE DESCRIPTIONThis course introduces you to two major areas of study of economics: a set of fundamental principles thatare used throughout the field of economics and a more focused study of the behavior of an aggregateeconomic system. The latter field is called macroeconomics. Macroeconomic concepts explain how theeconomy as a whole behaves in the presence of scarce resources. Some basic principles ofmacroeconomics covered are national income, growth and productivity, savings and investment, monetarysystem, unemployment, inflation, consumption, investment as well as government monetary and fiscalpolicies.COURSE OBJECTIVESThe primary objectives of this course are to: Familiarize students with the fundamental concepts of economics.o (scarcity, opportunity cost, production possibilities frontier, circular flow, demand,supply, equilibrium, surplus, shortage, GDP, CPI, business cycles, economic growth,inflation, unemployment, the Federal Reserve, expansionary & contractionary monetary& fiscal policy, the Classical Theory, Keynesian Theory)  Introduce economics as a way of thinking and approaching problems Apply economic theory in the real world Understand the workings of the modern national economy Analyze current issues through an economic perspective1 Recognize the impact of government policies on markets and the economy Prepare students for future courses in economicsTEXTHubbard, Glenn R. and O’Brien, Anthony P., Macroeconomics, Pearson Publishing, ISBN-10: 0133455505 ISBN-13: 9780133455502. You can also purchase an electronic copy of the book at MyEconLab. LECTURE NOTESPartial lecture notes will be posted on Blackboard. Please check Blackboard every night before class forany new postings. You will find these notes very important in preparing for exams and helping youunderstand the material presented in lectures.PREREQUISITEFor Business, Economics, Insurance & Risk Management, and Math majors and Economics minors only.Not for business minors. Basic college level math knowledge is necessary for you to do well in this class.E-MAILThroughout the semester, the TAs and I will be sending out e-mails with important class information toyour South Carolina e-mail address. You are advised to check your Carolina e-mail everyday.BLACKBOARD This class actively uses the Blackboard Online System (https://blackboard.sc.edu/). Postings of the coursesyllabus, lecture notes, grades, exam study guides, announcements (including exam/quiz schedulingannouncements), and a link to MyEconLab appear on this website. You are encouraged to check thewebsite often and keep tabs on your grades. Homework, quiz and exam scores will be posted online at theBlackboard grade book. It is your responsibility to contact your TA if you don’t have a grade for anassignment after grades have been posted for the rest of the class. While I prepare all of your exam andquiz questions and answer keys, the TAs are in charge of updating your quiz and exam scores in theBlackboard gradebook. If you feel there has been a mistake in your exam score, you should go to your TAsoffice hours to review your exam and the answer key. MYECONLABAll online quizzes and homework assignments will be administered through MyEconLab. Your access toMyEconLab is through Blackboard. To take homework assignments or quizzes, you will click on the“MyEconLab” tab on Blackboard and then click on “Assignments”. The individualized “Study Plan” onMyEconLab is created for each individual student based on your performance on the quizzes andhomework assignments. This “Study Plan” helps you focus your studying on the topics that you did notperform well on in the quizzes and homework assignments. The “Dynamic Study Module” gives youpractice questions for each chapter.CIVILITY IN THE CLASSROOM Students are expected to assist in maintaining a classroom environment that is conducive to learning.Please show respect