Syllabus for prin. of micro



Department of Economics Dr. Sahar Hassanin

Office: Rich Memorial Building Rm 214-A

Principles of Macroeconomics Telephone: 727-7222

ECON 112 – 002 email: Sahar.mohamed.hassanin@emory.edu

Office Hours:

Tuesday and Thursday 2:00 pm – 4:00 pm, or by appointment

Textbook

Mankiw, Gregory N., (2015), Principles of Macroeconomics, Dryden Press,.7th edition, required. Web Sites for the textbook:

Stand Alone MindTap access Code that includes the eBook

MindTap® Economics, 1 term (6 months) Printed Access Card for Mankiw's Principles of Macroeconomics, 7th 9781285853345 Z 1/1/2014 NB

Registration address: , required.

Overview

This class assumes you are familiar with supply and demand analysis and other basic economic concepts such as scarcity, opportunity cost, short run vs long, etc. . Course prerequisite: Economics 101.

The course builds on the introduction in Economics 101 to focus analysis on the macro (whole) economy of a nation.  The topics covered in Econ 112 include explaining the various statistics used to measure macroeconomic performance, factors that determine long-run output growth, financial markets, investment, and banking system, money supply and inflation, and short run fluctuations in output, employment and prices. Possible government policy interventions to remedy these fluctuations are presented and assessed.

The course also analyzes the case of an open economy and the resulting analysis of international trade and finance flows and policies.  

Examinations and Grading Policy:

30%: Exam I: Friday, Feb 14th, 2017

30%: Exam II: Thursday, March 21st, 2017

30%: Exam III (Final Exam): Friday, April 28th, 8:00 am – 10:30 am.

10% the sum of grades of Aplia assignments, problem sets (posted on CANVAS) and class attendance. Attendance is required and significantly improves your grasp of concepts. (I will not take regularly, but random pop quizzes may be used to document attendance)

- You must bring your student ID to all exams, NO EXCEPTIONS

- Failure to take an exam will lead to a score of zero for that test. NO EXCEPTIONS.

- In case of a medical emergency that leads to failing to take ONE of the three exams, written verification will be required to give the student a make-up exam. NO EXCEPTIONS.

- No letter grade will be assigned to individual exams, however class average and standard deviation will be announced after each exam is graded

Assignment Policy:

For this course, homework assignments will be divided into two categories:

1- Aplia assignments: Weekly assignments will be selected. These will be due on the following Monday at 11:59. Be sure to check each week for required home works. Refer to the handout on how to register for the course on Aplia and have access to required course material.

2- Paper Problem Sets: There will also be four paper problem sets. These will be posted on CANVAS. You are required to complete the assignment by the due date identified and to upload your answers on CANVAS for grading. Make sure you upload your files before the due date and that they are either a Microsoft Word Doc, or PDF. No other formats will be accepted (jpeg etc. )

For the paper problem sets, I recommend that you complete sections of these problem sets as we complete corresponding chapters and not do the whole set right before the due date. This approach evens out the work required to complete the set as well as gives you a chance to use a solid understanding of material to build on further concepts. Economics requires gradual learning, yet once you acquire the right intuition for it, it does not represent a highly demanding class.

Solutions for paper problem sets will be made available right after the due date. Make sure you spend sufficient time doing both types of homework problems to as they will include problems and questions that are very similar to questions that will appear in course exams.

For homework assignments, I expect that you work individually and observe honor code principles. Any indication that collective work is being submitted will subject to all parties involved to losing any credit for the set in question. Make sure to check both Aplia and CANVAS weekly for homework assignments.

Course grades: Letter grade ranges are as follows: 60-69 is D, 70-79 is C, 80-89 is B and 90 and up is A. Plus or minus signs will indicate a 2-point deviation from the cutoff point (for example a score of 90 or 91 percent will be an A- while a score of 88 or 89 will be a B+, etc.).

Recommended study strategy:

Before each class, chapter reading assignments and brief lecture notes will be posted on Canvas. Look over the assigned material before class and read it carefully after the lecture.

The posted notes should not encourage you to skip class, as they are incomplete. Print these and bring to class to fill in the blanks.

Take time to do the assignments. They are a good means of judging the depth of your understanding of concepts.

Exams will cover the assigned textbook reading for each class emphasizing, but not exclusively, the core material discussed in the lectures as well as concepts that assignments and problem sets questions highlight.

Therefore, it is important that you utilize all these media in preparation for exams and, more importantly, to have a good exposure to economics especially if you consider it as a potential field for your major.

Please discuss with me any problems you may have in the course or any suggestions to improve the course.

Class Attendance Guidelines

While I require attendance to give students incentives to benefit from the material explained and from class discussion, I will not allow a student’s attendance to be a source of disturbance to others. So, make sure you follow these rules:

- Be on time. Late arrival to the lecture will not be allowed.

- Turn your mobile phone and other electronic gadgets off before you enter class.

- Participate in class discussions, that enriches the experience for everybody.

- Benefit from the lecture, be attentive, and take detailed notes.

Honor Code Reminder

“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.”

Canvas

Canvas is a communication medium used to make announcements, distribute handouts and lectures, post reading material, and record and distribute grades. To get Canvas main page go to . Using your student e-mail ID and Password, you will find Econ 112 as one of your courses. If you cannot log in, or for any problems or questions, contact classes@emory.edu

There are several navigation buttons on the left that we use to organize and classify information. Among these are

Announcements used to make various announcements. Please read this section regularly.

Syllabus used to post syllabus.

Files used to post student handouts and/or lecture PowerPoint notes

Assignments used to post additional problem sets or problem set answers.

Discussion Board used to post comments and conduct virtual discussion as needed for

administrative, reading- or homework-related issues.

Lecture Schedule and Readings:

I will try to adhere to the following schedule as much as possible. However, class discussion may cause some delays. Exam dates are fixed in order for you to plan your exam preparation time in advance. If some material ends up not covered according to schedule I will postpone uncovered parts to the following section of the course.

Assigned Reading: Skim over each reading material before it is discussed in class and then read it carefully after it is covered in class.

Lecture handouts: Complete these from the lecture and make sure you have a good sense of what is important from lecture emphasis. Do not hesitate to come to me for clarification or questions.

I- Thinking like a Macroeconomist, Basic Macroeconomic concepts, Taxation and Trade Policy Analysis

Classes # 1, 2, 3: Ten Principles of Economics, Economic Models, and Production Possibility Frontiers (Jan 10, 12, 13)

Reading Material: Mankiw Chapter 1 and Chapter 2

Classes 4, 5, 6: Taxation and Trade Policy Analysis (Jan 17, 19, 20)

Reading Material: Mankiw Chapters 8 and 9.

II- The Data of Macroeconomics and the Real Economy in the Long Run

Classes 7, 8: Nominal and Real GDP (Jan 24, 26)

Reading Material: Mankiw Chapter 10

Classes 9, 10: Measuring Price Changes (Jan 27, 31)

Reading Material: Mankiw Chapter 11

Classes 11, 12: Production and Growth (Feb 2, 3)

Reading Material: Mankiw Chapter 12

Classes 13, 14: Savings, Investment, and the Financial System (Feb 7, 9)

Reading Material: Mankiw Chapter 13 & 14

Class 15: Review Session (Feb 10)

Class 16: Exam 1 (Feb 14)

Class 17, 18: The Basic Tools of Finance (Feb 16, 17)

Reading Material: Mankiw Chapter 14

Class 19, 20: Unemployment (Feb 21, 23)

Reading Material: Mankiw Chapter 15

III- Money and Prices in the Long Run

Class 21, 22: The Monetary System (Feb 24, 28)

Reading Material: Mankiw Chapter 16

Class 23, 24: Money Growth and Inflation (March 2, 3)

Reading Material: Mankiw Chapter 17

Spring Break : (March 4 – 12)

IV- Short Run Economic Fluctuations

Class 25, 26: Aggregate Demand and Aggregate Supply (March 14, 16)

Reading Material: Mankiw Chapter 20

Homework: Aplia assignment # 11

Class 27: Review Session (March 17)

Class 28: Exam 2 (March 21)

Class 29, 30: The Influence of Monetary and Fiscal Policy on Aggregate Demand (March 23, 24)

Reading Material: Mankiw Chapter 21

Class 31,32, 33:The Short-Run Tradeoff between Inflation and Unemployment (March 28,30, 31)

Reading Material: Mankiw Chapter 22

V-The Macroeconomics of Open Economies

Class 34, 35, 36: Open-Economy Macroeconomics: Basic Concepts (April 4, 6 ,7)

Reading Material: Mankiw Chapter 18

Class 37, 38, 39: A Macroeconomic Theory of the Open Economy (April 11, 13, 14)

Reading Material: Mankiw Chapter 19

V-Final Thoughts

Class 40, 41: Six Debates Over Macroeconomic Policy (April 18, 20)

Reading Material: Mankiw Chapter 23

Class 42: Review Session (April 21)

Class 41: Final Exam (Fri April 28)

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Done!! Have a Happy Summer Vacation..

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