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JOHN CABOT UNIVERSITY
COURSE CODE: "EC 202"
COURSE NAME: "Principles of Macroeconomics"
SEMESTER & YEAR:
Summer Session I 2018
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SYLLABUS
INSTRUCTOR:
Rami Sabella
EMAIL: [email protected]
HOURS:
MTWTH 11:10-1:00 PM
TOTAL NO. OF CONTACT HOURS:
45
CREDITS:
3
PREREQUISITES:
Prerequisite: MA 100 or MA 101; Recommended: EN 105
OFFICE HOURS:
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COURSE DESCRIPTION:
An introduction to the basic principles of the macro economy, such as national income accounting, determination of national income, business cycles, inflation, unemployment, fiscal and monetary policy, macroeconomics in the open economy, and economic growth.
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SUMMARY OF COURSE CONTENT:
The course will cover the following topics in macroeconomics: comparative advantage and trade, supply and demand, the data of macroeconomics, economic growth, unemployment, the financial system, basics of finance, money, banking and central banks, inflation, loanable funds, exchange rates, balance of payments, aggregate supply and demand, business cycles, monetary and fiscal policy, and the inflation-unemployment trade-off. The course focus is on critical-thinking and analyses of economic issues.
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LEARNING OUTCOMES:
The purpose of this course is to equip students with an economic way of thinking that is valuable for any career students may
elect to pursue. Students will learn how to use and apply economic tools analytically and rigorously. Students will be able to:
- Understand basic macroeconomic tools and concepts so as to use them to construct critical arguments regarding economic issues;
- Learn to read data and evaluate sources of economic data;
- link economic theory and facts;
- Use basic economic tools when making decisions and interpreting facts and events; and
- Critically assess the economic consequences of an economic policy
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TEXTBOOK:
| Book Title | Author | Publisher | ISBN number | Library Call Number | Comments | Format | Local Bookstore | Online Purchase |
| Macroeconomics | Paul Krugman and Robin Wells | Macmillan Education | 9781319181956 | | | | | |
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REQUIRED RESERVED READING:
RECOMMENDED RESERVED READING:
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GRADING POLICY
-ASSESSMENT METHODS:
| Assignment | Guidelines | Weight |
| Midterm Exam | An exam of multiple choice questions, short problems and essays questions | 40% |
| Final exam | Comprehensive exam | 50% |
| Assignment using empirical data | Students will work with Penn World Table data on a selected country and produce graphs on key economic variables as well as write up a short summary of their findings. The specific assignment will be handed out in class. | 10% |
-ASSESSMENT CRITERIA:
AWork of this quality directly addresses the question or problem raised and provides a coherent argument displaying an extensive knowledge of relevant information or content. This type of work demonstrates the ability to critically evaluate concepts and theory and has an element of novelty and originality. There is clear evidence of a significant amount of reading beyond that required for the course.
BThis is highly competent level of performance and directly addresses the question or problem raised.There is a demonstration of some ability to critically evaluatetheory and concepts and relate them to practice. Discussions reflect the student’s own arguments and are not simply a repetition of standard lecture andreference material. The work does not suffer from any major errors or omissions and provides evidence of reading beyond the required assignments.
CThis is an acceptable level of performance and provides answers that are clear but limited, reflecting the information offered in the lectures and reference readings.
DThis level of performances demonstrates that the student lacks a coherent grasp of the material.Important information is omitted and irrelevant points included.In effect, the student has barely done enough to persuade the instructor that s/he should not fail.
FThis work fails to show any knowledge or understanding of the issues raised in the question. Most of the material in the answer is irrelevant.
-ATTENDANCE REQUIREMENTS:
ATTENDANCE REQUIREMENTS AND EXAMINATION POLICY
Participation: participation is highly encouraged, being a critical component in mastering the material at hand.
Classroom Conduct: Students are expected to demonstrate classroom etiquette through:
-Attendance: Students are expected to attend every class throughout the term;
-Punctuality: Students are expected to arrive for class ON TIME;
-Disruptive Behavior: Students should refrain from distracting behavior such as holding side conversations, disruptive eating, using cell phones.
Reading & Preparing: students are expected to read the assigned material to enrich the discussion and better achieve the objectives of the course.
Assignments: students are expected to submit their papers before deadlines; late paper will not be accepted under any circumstances, these circumstances include printer equipment failures, network downtime, failure of the personal computer’s hard-drive, paper shortages…etc.
You cannot make-up a major exam (midterm or final) without the permission of the Dean’s Office. The Dean’s Office will grant such permission only when the absence was caused by a serious impediment, such as a documented illness, hospitalization or death in the immediate family (in which you must attend the funeral) or other situations of similar gravity. Absences due to other meaningful conflicts, such as job interviews, family celebrations, travel difficulties, student misunderstandings or personal convenience, will not be excused. Students who will be absent from a major exam must notify the Dean’s Office prior to that exam. Absences from class due to the observance of a religious holiday will normally be excused. Individual students who will have to miss class to observe a religious holiday should notify the instructor by the end of the Add/Drop period to make prior arrangements for making up any work that will be missed.
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ACADEMIC HONESTY
As stated in the university catalog, any student who commits an act of academic
dishonesty will receive a failing grade on the work in which the dishonesty occurred.
In addition, acts of academic dishonesty, irrespective of the weight of the assignment,
may result in the student receiving a failing grade in the course. Instances of
academic dishonesty will be reported to the Dean of Academic Affairs. A student
who is reported twice for academic dishonesty is subject to summary dismissal from
the University. In such a case, the Academic Council will then make a recommendation
to the President, who will make the final decision.
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STUDENTS WITH LEARNING OR OTHER DISABILITIES
John Cabot University does not discriminate on the basis of disability or handicap.
Students with approved accommodations must inform their professors at the beginning
of the term. Please see the website for the complete policy.
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SCHEDULE
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| Session | Session Focus | Reading Assignment | Other Assignment | Meeting Place/Exam Dates |
| 21/5 | General Introduction to Economics as a Social Science | | | 5/6 |
| 22/5 | Demand and Supply | Chapter 3 | | 5/6 |
| 23/5 | Markets: Equilibrium, Kinds and Structures. | Chapters 3 and 2. | | 5/6 |
| 24/5 | Economic Models: Trade-offs and Trade | Chapter 2 and 5 | | 5/6 |
| 28/5 | International Trade... Continued | Chapter 5 | | 5/6 |
| 29/5 | Macroeconomics: The Big Picture | Chapter 6 | | 5/6 |
| 30/5 | GDP and CPI | Chapter 7 | | 5/6 |
| 31/6 | CPI and Inflation | Chapter 7 and 8 | | 5/6 |
| 4/6 | Midterm review | Chapters: 2,3,4,5,6,7 and the second part of 8. | | 5/6 |
| 6/6 | Unemployment | Chapter 8. | | 22/6 |
| 7/6 | Long-run Economic Growth | Chapter 9 | | 22/6 |
| 11/6 | Saving, Investment Spending | Chapter 10 | | 22/6 |
| 12/6 | Income and Expenditure | Chapter 11 | | 22/6 |
| 13/6 | Aggregate demand and Aggregate Supply | Chapter 12 | | 22/6 |
| 14/6 | Aggregate demand and Aggregate Supply | Chapter 12 | | 22/6 |
| 18/6 | Fiscal Policy | Chapter 13 | | 22/6 |
| 19/6 | Money Banking and The Federal Reserve | Chapter 14 | | 22/6 |
| 20/6 | Monetary Policy | Chapter 15 | | 22/6 |
| 21/6 | Exam review | All chapeters | | 22/6 |
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