UVM EC 11 - Syllabus (4 pages)

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Syllabus



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Syllabus

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Pages:
4
School:
The University of Vermont
Course:
Ec 11 - Principles of Macroeconomics
Principles of Macroeconomics Documents

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University of Vermont Department of Economics Course Outline EC 11 Time M W F 3 00 3 50 P M Room Williams 301 Spring 2012 Professor Catalina Vizcarra 332 Old Mill Phone Number 6 0694 Office Hours M W 4 00 4 30 P M or by appointment catalina vizcarra uvm edu Principles of Macroeconomics In this course we will study the fundamental principles of market economies and discuss a wide range of conceptual tools that will help us analyze macroeconomic events such as economic growth inflation and unemployment By the end of the semester you should have a good understanding of the basic functioning of the overall economy and of the role that government has in influencing economic activity Textbook Required Michael Parkin Macroeconomics 10th Edition Addison Wesley 2011 Optional Mark Rush Study Guide textbook companion Addison Wesley 2011 Course Evaluation Your grade will be based on four exams All exams will have equal weight You are allowed to drop your lowest mid term grade Exam Dates Exam 1 Monday Feb 13th Exam 2 Friday March 16th Exam 3 Friday April 13th Final Exam May 11th 1 30 3 30 P M The grading scale will be as follows A range 88 or above B range between 79 88 C range between 70 78 D range between 58 69 F below 58 Tentative Course Outline 1 Introduction What is economics Economics as a Social Science Microeconomics and Macroeconomics Chapter 1 Also review the appendix to Chapter 1 Graphs in Economics 2 The Economic Problem Opportunity Cost and the Production Possibilities Frontier The PPF and Marginal Cost Preferences and Marginal Benefit Production Efficiency and Allocative Efficiency The gains from trade and economic growth Chapter 2 3 Demand and Supply fundamentals The laws of supply and demand Market Equilibrium and market responses to shocks Chapter 3 4 Measuring Economic Growth Gross Domestic Product Nominal and Real GDP Limitations of Real GDP Chapter 4 5 Measuring Unemployment and the Price Level The basic indicators of the state of the labor market



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