Professor: Mihaela Pintea
Classroom: Viertes Haus 131
Times: TTh 11:00-12:15am
Office: DM 309B
Office Hours: TTH 12:30-1:30pm
Class webpage: http://www.fiu.edu/~pinteam/Eco2013.htm
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.
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.
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
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.
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
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
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
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.