Economics 2630, Principles II                            Syllabus                             Dr. Usip
Course Code: 0721,  T Th 11:00-12:30 am                                                         Fall, 2006

Communication Methods
Off. ph.: 941-1682; E-mail:; Dept. ph.: 941-3431
Office & Office Hours: Rm. 307 of DeBartolo Hall; Hours: MW 2-3pm; TTh 1- 2pm; and by appointment. 
Homepage Address: A copy of this syllabus is also available.
Text & Course Prerequisite:
         Text: Economics, Principles and Applications (3rd ed) by Robert E. Hall and Marc Lieberman
         Prerequisite: Econ 2610.

Makeup exams will only be given if there are very extreme circumstances and you provide a proper university- approved excuse.
Attendance: You are responsible for all material covered in class regardless of whether or not it appears in the text. If you miss a class, you should get the notes for that class from another student.

Grades: It will be possible to earn a total of 500 points on exams, and quizzes. There will be two l-hour exams worth l50 points each (total of 300 points), 5 quizzes for 10 points each (total of 50 points); and a 2-hour final exam worth l50 points. Your final grade will be assigned according to the grading scale discussed in class.

1. All exams and quizzes will be administered at the beginning of class.
2. The last day to withdraw with a "W" is Nov. 2, Thursday.
3. If you have a documented disability, please contact me privately to discuss your specific needs. You must be registered with the CSP/Disability Services (330 941 1372).

Exam Format:
Quizzes:  Short Essays
Exams: Shorts essays, True/False and Multiple Choice   

Course Goals
The course is designed to meet two broad objectives. First, students will learn the intricate inter-relatedness and the performance of the  economy as a whole at the national level by
becoming familiar with the key concepts of gross domestic product (GDP), unemployment/employment and inflation, and the reason why inflation and unemployment are considered the twin evils of any economy. Second, they will learn the causes/sources of short-run business fluctuations and how policy makers use the instruments of fiscal and monetary policies to keep the economy moving along a stable growth path over time. 

General Education Requirement
Econ 2630 also fulfils a Societies and Institutions requirement for General Education by meeting the following two goals: 

Goal 11: Evaluate the impact of theories, events and institutions of the social, economic, legal and political aspects of society.
Goal 12: Comprehend and appreciate the development of diversity in America in all its forms.

In order to achieve these goals, we will: 
• Use basic models to evaluate macroeconomic institutions and their behavior.
• Evaluate the ethical basis for macroeconomic policies, and
• Determine the impact of macroeconomic policies on the diverse groups of the society.

Course Outline

Week 1 thru 4: Macroeconomics: Basic Concepts
Ch. 16: Introduction to Macroeconomics
Ch. 17: Production, Income & Unemployment/Employment
            Quiz 1: Thursday, 9/14; 15 mins
Ch. 18: The Monetary System, Price and Inflation   

            Exam 1: Thursday, 921; 1 hr.

Week 5 thru 7: Long-Run (LR) Macroeconomics
Ch. 19: Classical LR Model, Loanable Funds Market
Ch. 20: LR Economic Growth and Rising Living Standards
            Quiz 2: Thursday, 10/5; 15 mins.

Week 8 thru 9: Short-Run (SR) Macroeconomics
Ch. 21: SR Economic Fluctuations
            Quiz 3: Thursday, 10/19; 15 mins.
Ch. 22: The SR Macro Model
            Exam 2: Thursday, 10/26; 1 hr.

Week 10 thru 12: Money, Prices, and Macroeconomy
Ch. 23: Banking System and Money Supply
Ch. 24: Money Market and Interest Rate
            Quiz 4: Thursday, 11/9; 15 mins.

Ch. 25: Aggregate Demand and Aggregate Supply

Week 13 thru 15: Macroeconomic policy  
Ch. 26: Monetary Policy
Ch. 27: Fiscal Policy

Quiz 5: Thursday, 11/30; 15 mins.

Review for the Final Exam
Final Exam: Thursday, Dec. 14, 10:30-12:30pm

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Copyright© 1996, Ebenge Usip, all rights reserved.
Last revised: Tuesday, July 09, 2013.