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emory UniversityDepartment of EconomicsPrinciples of Macroeconomics Spring 2016Economics 112 Prof. Leonard CarlsonThis course is the second course in the introduction to economics sequence. The focus is on the whole (macro) economy of a nation. Among the topics covered are: international trade and finance; the factors that determine long run growth in output; the role of the financial system in investment; the banking system, the money supply and the Federal Reserve System; open economy macroeconomic issues; and short run fluctuations in prices, output, and employment; and possible government monetary and fiscal policies to remedy these fluctuations. We will also discuss current economic issues such as the budget and trade deficits.Prerequisite: Economics 101 or Business 201.Announcements: You are responsible for any announcements or assignments made in class. Office: 306F Rich; Phone: 404-727-6375; e-mail: econlac@emory.edu. Office Hours: Monday 2:00-4:00 pm, Wednesday 1:00-2:00 pm and by arrangement Teaching Assistant: Mr. Xu, Tong. Office hours, Tuesday 3pm-4pm and 5:30pm-6:30pm. Office: Rich 310D. Please, No electronics in class (computers, cell phones, etc). If you have a pressing need to use one of these in class, please see me and you can sit in a special section.TextbooksTextbook: N. Gregory Mankiw, Principles of Macroeconomics, Seventh Edition, South-Western Cengage Learning, 2014. (Referred to in what follows as Mankiw). Older editions of Mankiw are acceptable since you get an electronic version of the 7th ed. with Aplia, discussed in what follows. Hardware: You will need to purchase a “clicker” for the course. We will be using the standard clicker for Emory sold by Turning Technologies. These are available in the bookstore. I will NOT accept written responses to clicker questions. On-line resources: We will use an on-line service called Aplia for homework assignments. It also contains an electronic version of the textbook. Details about this are on the last page. This is required for the course. Aplia assignments will usually be due at 11:59 pm on Mondays. Be sure to check each week.Textbook Website: economics/mankiw. This includes problems and applications, quizzes, and power point slides that maybe helpful. Blackboard: Blackboard is used to make announcements, distribute handouts and lectures, post reading material, collect assignments, and post grades. To get to the Blackboard main page, go to: and then use your email ID and Password to log in and select our course. If you cannot log in, you may contact classes@emory.edu for help. Honor Code: The honor code is in effect throughout the semester. By taking this course, you affirm that it is a violation of the code to cheat on exams, to plagiarize, to deviate from the teacher’s instructions about collaboration on work that is submitted for grades, to give false information to a faculty member, and to undertake any other form of academic misconduct. You agree that the teacher is entitled to move you to another seat during examinations, without explanation. You also affirm that if you witness others violating the code you have a duty to report them to the honor council. Grading and TestsThe grade in this course will be determined as follows:AssignmentPointsOn line Problem Sets150Each in class exam (2)250Final Exam 350Grading standard: (600-669 is D, 670-699 is D+, 700-729 is C-, 730-769 is C, 770-799 is C+, 800-829 is B-, 830-869 is B, 870-899 is B+, 900-929 is A-, and 930-1000 is A). Bonus points of up to 15 points will be given for good attendance and participation in quizzes.Missed Exams: No make-up exams are given. If you are ill, or must miss an exam for some legitimate reason, please contact me prior to the exam. Failure to do so may result in a failing grade. For an excused absence the other two exams will be weighted more heavily in place of the missing exam. Expected ConductInstructor:?I will come to class prepared to teach the material you need to learn in this course.?I will make every effort to arrive on time, begin class on time, and release you on time.?I will answer your questions to the best of my ability and respond in a timely fashion should I not immediately know the answer.?I will hold regular office hours and be available to answer your questions.Students:?You are expected to arrive on time and prepared for class. (Late arrival disturbs everyone and will not be allowed.)?Please turn off your phones and all other electronics before you enter class.?Please be quiet during class so that others may hear what is going on.?Be attentive and take detailed notes.?Look over the assigned material before class, and read it carefully after class.?Do the assigned homework problems on a regular basis. Economics requires gradual learning.?Please discuss with me any problems you may have in the course or any suggestions to improve the course. WeekClass NumberDayDateAssignmentMankiw K&BTopics11?W13-Jan1Introduction22W20-Jan2?How to Model the Economy33M25-Jan3?The Production Possibilities Frontier4W27-Jan8 92,3,8,9International Trade and Trade Policy45M1-Feb104Nominal and Real GDP6W3-Feb11?Measuring price changes57M8-Feb1213Production and Growth8W11-Feb13?The Loanable Funds Market69M15-Feb10W17-Feb??****First Exam711M22-Feb146,15Government Activity, taxes and the deficit12W24-Feb?3*,4*Principles of Corporate Finance and investing813M29-Feb14W2-Mar152Employment and Unemployment9SpringBreak7-11 Mar 1015M14-Mar??The Labor Market and Income Distribution16W16-Mar163Money and the Banking System1117M21-Mar??Banking and Bank Runs18W23-Mar17?The Price Level in the Long Run1219M28-Mar??Hyperinflation and Problems with moderate inflation 20W30-Mar209The Business Cycle &the AD/AS Model1321M4-Apr21Monetary Policy22W6-Apr216Fiscal Policy1423M11-Apr18?Open Economy: Exchange rates 24W13-Apr??***Second Exam1525M18-Apr19Open Economy Macro model26W20-Apr22?Short Run Trade Offs Between Unemployment and Inflation1627M25-Apr23?Conclusion and Final Thoughts17?Tues3-May??***Final Exam: 3:00-5:30 pmK&B: Chapters on Reserve from Grady Klein and Yoram Bauman, The Cartoon Introduction to Economics: Vol. Two: Macroeconomics, Hill and Wang, New York, 2012. Chapters from Volume One, Microeconomics are noted with an *).How to access your Aplia courseECON 112 - 000 - Spring 2016Instructor: Leonard A CarlsonStart Date: 01/12/2016What is Aplia?In just 10 years, more than one billion answers have been submitted through Aplia, the premier onlineassignment solution. Millions of students use Aplia to better prepare for class and for their exams. Jointhem today!RegistrationConnect to the prompts to register for your Aplia course.PaymentAfter registering for your course, you will need to pay for access using one of the options below:Online: You can pay online using a credit or debit card, or PayPal.Bookstore: You may be able to purchase access to Aplia at your bookstore. Check with the bookstore to find out what they offer for your course.Free Trial: You can access Aplia until 11:59 PM on 02/01/2016 during your free trial. After the free trialends you will be required to pay for access.Please note: At the end of the free trial period, your course access will be suspended until your payment has been made. All your scores and course activity will be saved and will be available to you after you pay for access.If you already registered an access code or bought Aplia online, the course key to register for this courseis: 6MTA-JZLK-WAJXSystem CheckTo check whether your computer meets the requirements for using Aplia, go to ................
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