Course Description: This course begins with a review of national income concepts including national income accounting. It analyzes fiscal and monetary policy using the ISLM model. The primary course focus is on the critical analysis of fiscal, monetary, new Keynesian, and new classical models and their success in explaining economic stability and the stimulation of economic growth. Pre-requisite: EC141. 3:0:3
Educational Philosophy: The instructor's educational philosophy is one of interactiveness, based on lectures, dialogues, readings, examinations, and writings. The instructor will engage each student in what is referred to as disputatious learning to encourage the lively exploration of ideas, issues and contradictions.
Learning Outcomes:Learn economics measurement.
Become familiar with income, interest rates, and policy in the open economy.
Know about inflation and unemployment
Study economic growth and public finance
Learn stabilization policy in an open economy
Become familiar with private economy sources of instability.
Study debates at the macroeconomic frontier.
Course Assessment: Examinations and papers will be graded on focus, development, organization, and mechanics.
Grading: Final Examination: 35 percent
Midterm Examination: 30 percent
Papers: 30 percent
Class Participation: 5 percent
Late Submission of Course Materials: Late submissions will be marked down.
Classroom Rules of Conduct: 1. Come to class on time.
2. Tell me in advance if you cannot make class.
3. You will make up midded midterm examinations at my discretion.
4. Make up final examinations, permitted only in extraordinary circumstances, will require written documentation and approval of the campus director.
Course Topic/Dates/Assignments: 1. March 14, Gordon, chapters 1-2.
2. March 16, Gordon, chapter 3
3. March 21, Gordon, chapter 4
4. March 23, Gordon, chapter 5
5. March 30, Gordon, chapter 6
6. April 3, Gordon, chapter 7
7. April 4, Gordon, chapter 8
8. April 6, Gordon, chapter 9
9. April 11, Midterm Examination
10. April 13, Gordon, chapter 10
11. April 18, Gordon, chapters 11-12
12. April 20, Gordon, chapter 13
13. April 24, Gordon, chapter 14
14. April 27, Gordon, chapters 15-16
15. May 2, Gordon, chapters 17-18
16. May 4, Final Examination
Plagiarism:Plagiarism involves the use of quotations without quotation marks, the use of quotations without indication of the source, the use of another's idea without acknowledging the source, the submission of a paper, laboratory report, project, or class assignment (any portion of such) prepared by another person, or incorrect paraphrasing. <a href="http://www.park.edu/catalog">
Park University 2004-2005 Undergraduate Catalog</a> Page 101
Instructors are required to maintain attendance records and to report absences
via the online attendance reporting system.
Park University 2004-2005 Undergraduate
Catalog Page 100
Park University is committed to meeting the needs of all students that meet the criteria for special assistance. These guidelines are designed to supply directions to students concerning the information necessary to accomplish this goal. It is Park University's policy to comply fully with federal and state law, including Section 504 of the Rehabilitation Act of 1973 and the Americans with Disabilities Act of 1990, regarding students with disabilities. In the case of any inconsistency between these guidelines and federal and/or state law, the provisions of the law will apply. Park University is committed to meeting the needs of all learners that meet the criteria for special assistance. These guidelines are designed to supply directions to learners concerning the information necessary to accomplish this goal. It is Park University's policy to comply fully with federal and state law, including Section 504 of the Rehabilitation Act of 1973 and the American with Disabilities Act of 1990, regarding learners with disabilities and, to the extent of any inconsistency between these guidelines and federal and/or state law, the provisions of the law will apply. Additional information concerning Park University's policies and procedures related to disability can be found on the Park University web page:
Copyright:This material is copyright and can not be reused without author permission.