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JOHN CABOT UNIVERSITY
COURSE CODE: "EC 302"
COURSE NAME: "Intermediate Macroeconomics"
SEMESTER & YEAR:
Fall 2020
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SYLLABUS
INSTRUCTOR:
Adrian Stoian
EMAIL: [email protected]
HOURS:
TTH 1:30-2:50 PM
TOTAL NO. OF CONTACT HOURS:
45
CREDITS:
3
PREREQUISITES:
Prerequisites: EC 201, EC 202
OFFICE HOURS:
by appointment
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COURSE DESCRIPTION:
The subject matter of this course is the nature and determination of a country’s most important measures of economic well-being: aggregate output and unemployment, and a series of related variables such as inflation, interest rates, and exchange rates. The course presents economic models that can be used as tools to understand the behavior of these aggregates and evaluate alternative economic policies.
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SUMMARY OF COURSE CONTENT:
Note: This is just a preliminary draft of the syllabus. At the start of the semester I will post on MYJCU and hand out in class the official syllabus (spelling out all of my policies, examination dates etc.).
The course presents the economic models and techniques used in modern macroeconomic theory as tools to understand the behaviour of several aggregates (e.g. output, unemployment, inflation, interest rates) and evaluate alternative economic policies (monetary and fiscal policy used by governments and central banks to fight unemployment and promote growth in the economy).
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LEARNING OUTCOMES:
Understand how basic models of the economy summarize and explain the interactions between the main macroeconomic variables - Learn to read data of current economic performances - Understand the main determinants of economic growth in the long-run - Understand what causes economic activity to fluctuate over the years - Develop specific skills in interpreting the role of different authorities in trying to stabilize the economy and to achieve specific economic and political goals - Review the different positions of several schools of thought (e.g. Keynesian economics vs classical economics)– and how they can be synthesized.
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TEXTBOOK:
| Book Title | Author | Publisher | ISBN number | Library Call Number | Comments | Format | Local Bookstore | Online Purchase |
| Macroeconomics | N. George Mankiw | Worth Publishers | 1464182892 | | | | | |
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REQUIRED RESERVED READING:
RECOMMENDED RESERVED READING:
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GRADING POLICY
-ASSESSMENT METHODS:
| Assignment | Guidelines | Weight |
| Midterm | | 20 |
| Homeworks | | 20 |
| Paper and presentation | | 20 |
| Class participation | | 10 |
| Final exam | | 30 |
-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
Attendance and participation in class discussions does count directly towards the grade and it is very difficult to do well in class if students miss classes or fall behind in terms of studying.
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
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Session Focus
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Reading Assignment
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Other Assignment
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Meeting Place/Exam Dates
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Week 1
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Macroeconomics as a social science - The data of Macroeconomics
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Chapter 1, Chapter 2
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Week 1,2
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The goods market
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Chapter 3
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Week 2,3
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The monetary system and inflation
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Chapter 4, Chapter 5
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Week 3
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Unemployment and labor market
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Chapter 7
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Week 4,5
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Economic growth; capital accumulation, population, technology, empirics and policy
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Chapter 8, Chapter 9
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Week 6
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Review for midterm. Midterm exam.
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Chapters 1-5, 7-9
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Week 7,8
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Business fluctuations. Aggregate demand and aggregate supply
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Chapters 11, 12
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Week 9
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Macroeconomics and the financial sector
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Week 10,11,12
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Student presentations
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Week 12
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Review for final exam.
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