ECO 2013-U07

                                                                   Spring 2009

 

 

Principles of Macroeconomics                   

 

 

Professor:                   Mihaela Pintea

Classroom:                  Viertes Haus 131

Times:                         TTh 11:00-12:15am

Office:                         DM 309B

Office Hours:              TTH 12:30-1:30pm

E-mail:                        pinteam@fiu.edu

Class webpage:          http://www.fiu.edu/~pinteam/Eco2013.htm

 

Required Text

 

Principles of Macroeconomics, by Robert H. Frank and Ben S. Bernanke, 4th edition, 2009

Aplia subscription for homework (see homepage for course) 

 

Although we will cover the textbook closely, there will be additional material presented. You are responsible for everything that is covered in class.  

 

Course Content

 

This course is a comprehensive introduction to macroeconomic. Macroeconomics studies the aggregate economic phenomena. It addresses questions regarding the causes and effects of inflation and unemployment, determinants of long term economic growth, business cycles, and the role of government policies in supporting a healthy economy.

 

The objective of this class is to familiarize you with the macroeconomics vocabulary, to investigate a variety of macroeconomic issues and to develop theories and models that will help you understand the potential and the limits of the economic policy.    

 

Grades

 

Your grade will be determined from 3 in-class exams, homework assignments done through Aplia and class participation. The final is cumulative.

 

Your final grade will be determined using the following weighting scale:

 

Midterms make up 25% (*2=50%) 

Homework assignments and class participation make up 15%

Final makes up 35%

 

 

At the end of the semester, grades will be assigned on a curve based on the total number of points earned on the three exams and the homework, properly weighted.  There will be no extra credits available. 

 

 

Percentage Grade      Letter

94-100                         A

90-93                           A-

87-89                           B+

83-86                           B

80-82                           B-

77-79                           C+

73-76                           C

70-72                           C-

67-69                           D+

60-66                           D

0-59                             F

 

I reserve the right to lower the cutoffs.

 

Students are strongly encouraged to work through the problems and exercises at the end of each chapter in the text.

 

On the Frank/Bernanke website at http://www.mhhe.com/fb4e there is an Online Learning Center which includes different questions and aids for each chapter.

 

Incomplete will be given only under exceptional circumstances. Any kind of emergency has to be documented to receive an “I”. Doing poorly in the course will not be considered a valid reason.

 

Religious Holiday:

 

The University's policy on religious holydays as stated in the University Catalog and Student Handbook will be followed in this class. Any student may request to be excused from class to observe a religious holyday of his or her faith.

 

Policies and Academic Misconduct

 

Every student must respect the right of all to have an equitable opportunity to learn and honestly demonstrate the quality of their learning. Therefore, all students must adhere to a standard of academic conduct, demonstrating respect for themselves, their fellow students, and the educational mission of the University. As a student taking this class you have to agree to not represent someone else’s work as your own; not cheat, nor will you aid in another’s cheating and be honest in your academic endeavors.

                        If you are found responsible for academic misconduct, you will be subject to the academic misconduct procedures and sanctions as outlined in the Student Handbook at http://www.fiu.edu/provost/polman/sec2web.html.

 

Failure to adhere to the guidelines stated above may result in one of the following:

Expulsion: Permanent separation of the student from the University, preventing readmission to the institution. This sanction shall be recorded on the student's transcript.

Suspension: Temporary separation of the student from the University for a specific period of time.

 

 

 

Sources of Additional Macroeconomics Information

 

The Economist

The Wall Street Journal

Financial Times

World Bank

International Monetary Fund

The Economists’ Voice

Board of Governors Federal Reserve System

Bureau of Economic Analysis

Bureau of Labor Statistics

Penn World Tables

The Brookings Institution

The Economic Policy Institute

The American Enterprise Institute

Greg Mankiw’s Blog

Brad DeLong's Blog

 

 

Course Outline

 

February 27, 2009: Last drop day

March 16-21: Spring Break

April 20-25: Finals week

 

Changes may be made to accommodate the pace of the class, students’ interests, or other surprises.

 

Week 1 (01/05-01/09)

Syllabus, general discussion of the course

Part I:  Introduction

Chapter 1:  Thinking like an Economist (Including Appendix)

 

Week 2 (01/12-01/16)

Chapter 2:  Comparative Advantage

 

Week 3 (01/19-01/23)

Chapter 3:  Supply and Demand

 

Part II:  Macroeconomics: Data and Issues

Week 4 (01/26-01/30)

Chapter 4:  Spending, Income and the GDP

 

Week 5 (02/02-02/06)

Chapter 5:  Inflation and the Price Level

 

Week 6 (02/09-02/13)

Chapter 6: Wages and Unemployment

First Midterm

 

Part III:  The Economy in the Long Run

Week 7 (02/16-02/20)

Chapter 7:  Economic Growth

 

Week 8 (02/23-02/27)

Chapter 8:  Saving, Capital Formation and Financial Markets

 

Week 9 (03/02-03/06)

Chapter 9: The Financial System, Money and Prices

Second Midterm

 

Part IV:  The Economy in the Short Run

Week 10 (03/9-03/13)

Chapter 10:      Short-term Fluctuations

           

Spring break (03/16-03/21)

Week 11 (03/23-03/27)

Chapter 11:   Spending and Output in the Short Run

           

Week 12 (03/30-04/03)

Chapter 12:  Stabilizing the Economy: The Role of the Federal Reserves

 

Week 13 (04/6-04/10)

Chapter 13:  Aggregate Demand and Aggregate Supply

 

Week 14 (04/13-04/17)

Chapter 14:  Macroeconomic Policy

 

Final week: 04/20-04/25

Final exam is given according to the University rules.