Macroeconomic Principles

Course Description                                                                                                                                            Fall 2018 Syllabus

This course introduces the principles of economics using a modern approach. We will cover the topics of demand, supply, GDP, unemployment, inflation, growth theory, AD/AS, and fiscal and monetary policy. A focus on current macroeconomic events will be emphasized.

Professor Information

Professor: Dr. Eric P. Chiang
Office Location: KH 108

Office Hours

Wednesday: 12:30pm – 2:30pm (KH 108)
Friday: 12:30pm – 2:30pm (KH 108)

Required Text and Materials

Macroeconomics: Principles for a Changing World 4th edition (Worth Publishers ISBN 978-1-3191-2150-1) and LaunchPad online homework system.

Course Prerequisites and Credit Hours and Class Time Commitments

Prerequisite: Sophomore standing or permission of Department 3 credit hours


According to Florida Administrative Code, Rule 6A-10.033, students must spend a minimum 2,250 minutes of in-class time during a 3-credit course. Additionally, students enrolled in a 3-credit course are expected to spend a minimum of 4,500 minutes of out-of-class-time specifically working on course-related activities (i.e., reading assigned pieces, completing homework, preparing for exams and other assessments, reviewing class notes, etc.) and fulfilling any other class activities or duties as required. The course schedule for this course reflects this expectation of students.

Course Learning Objectives

After completing this course, you will be able to:

  • Show how everyday decisions involve tradeoffs
  • Describe how markets function and what leads to economic growth
  • Debate in current events issues such as inflation and unemployment
  • Discuss the causes of national debt and the role of fiscal policy
  • Describe the role of the Fed and how it influences monetary policy

Course Evaluation Method

Your course grade is based on all 4 exams + LaunchPad homework score. Every exam is required and counts. The maximum total points is 500, and course grades are determined using the following scale:

 

A 500-470 B- 414-400 D+ 334-325
A- 469-450 C+ 399-388 D 324-310
B+ 449-438 C 387-350 D- 309-300
B 437-415 C- 349-335 F 299-0

 

Course Outline

 

Week 1 W, Aug 22
F, Aug 24
Introduction to the Course (Ch 1)
8 Key Principles of Economics (Ch 1)
 
Week 2 W, Aug 29
F, Aug 31
Production, Growth, and Trade (Ch 2)
Demand (Ch 3)
 
Week 3 W, Sept 5
F, Sept 7
Supply and Market Equilibrium (Ch 3)
Change to Market Equilibrium (Ch 3)
 
Week 4 W, Sept 12
F, Sept 14
Market Efficiency and Failure (Ch 4)
Price Ceilings and Price Floors (Ch 4)
 
Week 5 W, Sept 19
F, Sept 21
Review for Exam 1
Exam 1: Wed 12am to Fri 11:59pm

HW

1–4

Week 6 W, Sept 26
F, Sept 28
Business Cycles and GDP (Ch 5)
Inflation (Ch 6)
 
Week 7 W, Oct 3
F, Oct 5
Unemployment (Ch 6)
Economic Growth (Ch 7)
 
Week 8 W, Oct 10
F, Oct 12
Review for Exam 2 (TA)
Exam 2: Wed 12am to Fri 11:59pm

HW

5–7

Week 9 W, Oct 17
F, Oct 19
Aggregate Expenditures (Ch 8)
Aggregate Demand/Supply (Ch 9)
 
Week 10 W, Oct 24
F, Oct 26
Fiscal Policy (Ch 10)
Deficits and Debt (Ch 10)
 
Week 11 W, Oct 31
F, Nov 2
Review for Exam 3 (TA)
Exam 3: Wed 12am to Fri 11:59pm

HW

8–10

Week 12 W, Nov 7
F, Nov 9
Saving and Investment (Ch 11)
Money Creation (Ch 12)
 
Week 13 W, Nov 14
F, Nov 16
The Federal Reserve (Ch 12)
Monetary Policy (Ch 13)
 
Week 14 W, Nov 21
F, Nov 23
Monetary Policy Challenges (Ch 13)
Thanksgiving Holiday (No Class)
 
Week 15 W, Nov 28
F, Nov 30
Course Recap
Review for Exam 4 (TA)
 
Week 16 W, Dec 5 – F, Dec 7 ***HOMEWORK DUE DEC 4***
Exam Opens 12:01am Wed, Dec 5, Closes 11:59pm EST Fri, Dec 7

HW

11–14

 

 

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