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: eeusip@cc.ysu.edu; Dept. ph.: 941-3431
Office & Office Hours: Rm. 307 of DeBartolo Hall; Hours: MW 2-3pm; TTh 1- 2pm; and by appointment. 
Homepage Address: people.ysu.edu/~eeusip/ 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.

Makeups
:
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.

Notes
:
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.