Economics 202 (01) & (02)
ESSENTIALS OF MACROECONOMICS
(T, R: 10:00 a.m. - 12:05 p.m.; T, R: 3:00 - 5:05 p.m.)
Instructor: Dr. Donald J. Oswald
Office Hours: T, R: 12:30 - 2:45 p.m.
Office: BDC, Rm. 259A
Michael Parkin, Macroeconomics, 10th ed., 2012
MyEconLab Web Site: http://www.pearsonmylab.com/
Instructor's Web Site: http://www.csub.edu/~doswald
1. To convey the nature of the economic problem.
2. To equip students to better appreciate the methodology of
economics together with its strengths and weaknesses.
3. To equip students to develop the ability to apply the analytical method to macroeconomic phenomena by employing graphical analysis and quantitative problem solving techniques.
4. To provide a detailed understanding of how market systems function in the
5. To develop an understanding of the economic aspects of problems such as the business cycle, cyclical unemployment and inflation, productivity and economic growth, and international balance of payments disequilibrium.
6. To enhance students' abilities to critically evaluate the roles of the federal government and Federal Reserve System in the macro-system and the policies they employ to deal with important macroeconomic issues.
7. Students will learn to actively and independently utilize the analytical
framework of economics in personal decision making as well as the exercise of
their citizen responsibilities.
8. In addition to the above general objectives, students, for
examination purposes, will be required to
a. know the basic terms of economics, particularly macroeconomics. This includes knowing the definitions and when to use them correctly in dealing with particular macroeconomic problems;
b. understand economic concepts and principles, particularly as they relate to one another and to changing macroeconomic conditions;
c. apply economic principles to new situations. This requires that students be able to identify the appropriate principle(s) relevant to a specific problem and to analyze the problem or circumstance in terms of the appropriate principle or principles;
d. be able to interpret economic data in evaluating the condition of the macroeconomy. This implies the ability to differentiate between relevant and irrelevant data, to identify the trends in data and to make appropriate inferences from data as well as identify unwarranted conclusions.
1. Read all assigned materials.
2. Attendance: Attendance will be regularly taken. Experience has
repeatedly shown that students who frequently miss class do not succeed in this
3. Satisfactory completion of the following:
Quizzes (10 @ 30 pts. ea.). . . . .. . . . . . . . . 300 points
Four Homework Assignments . . . . . . . . . . . 90 points
Mid-term examination . . . . . . . . . . . . . . . . . 150 points
Final examination . . . . .. . . . . . . . . . . . . . . . 200 points
TOTAL . . . . . . . . . . . . . . . . . . . . . . . . . 740 points
In addition, you may choose to take up to six additional online, bonus quizzes
for a possible total of 30 bonus points. To earn the bonus points on a quiz, you
must get at least 70% of the multiple-choice questions correct.
3. There will be no make-up quizzes. Your top ten scores will be used in calculating your final grade.
4. Students unable to take a examination at the prescribed
time must arrange to take a make-up examination. However, a
ten-percent penalty will be assessed for make-up exams. Make-up
examinations will not be allowed after examination papers
are returned to the class.
5. Final course grades will be based on the following grading
A . . . . . 100 - 88%
B . . . . . 87 - 77%
C . . . . . 76 - 66%
D . . . . . 65 - 51%
F . . . . . 50% & below
Plus and minus signs will be assigned to grades where appropriate.
COURSE OUTLINE AND READING SCHEDULE
Dates, Subjects, and Reading Assignments
I. INTRODUCTION TO ECONOMICS: 01/08, 10
A. Course Syllabus
B. Economics & Its Methodology Ch. 1*
C. The Economic Problem & the PPF Model Ch. 2 *
II. INTRODUCTION TO MACROECONOMICS: 15, 17, 22, 24, 29, 31
A. Measuring GDP and Economic Growth Ch. 4*
B. Monitoring Jobs and the Price Level Ch. 5*
C. Economic Growth Ch. 6**
D. Finance, Saving, and Investment Ch. 7*
*An online, multiple-choice quiz will be given on each one of these chapters.
**Online bonus quizzes are available for these chapters.
02/07 ******MID-TERM EXAM****** Chapters 1, 2, 4 - 7
III. ECONOMIC FLUCTUATIONS & STABILIZATION POLICY: 5, 12, 14, 19, 21, 26, 28, 3/05, 07
A. Aggregate Supply and Demand Ch. 10**
B. Fiscal Policy Ch. 13**
C. Money, the Price Level and Inflation Ch. 8**
D. Monetary Policy Ch. 14**
E. U.S. Inflation, Unemployment, & the Business Cycle Ch. 12**
IV. THE GLOBAL ECONOMY: 12. 14
A. The Exchange Rate & the Balance of Payments Ch. 9
01: Mar. 22, 2013 **** FINAL EXAM *** 11:00 - 1:30 p.m.
02: Mar. 22, 2013 **** FINAL EXAM *** 2:00 - 4:30 p.m.