EC 301 Intermediate Macroeconomics
F2M 2006 CH
Stirling-Willis, Guerry B.
MBA-University of NC at GreensboroAddtional graduate Economic Courses at UNCG and East Carolina University
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Fall II 2006 Octomer 23 - December 15, 2006
11:15 - 12:55 PM
Textbook: MACROECONOMICS, 5th Edition, Abel & Bernanke, ISBN 0-321-16212-9
Textbooks can be purchased through the MBS bookstore
Textbooks can be purchased through the Parkville Bookstore
Additional Resources: MyEconLab Text supplement; Macroeconomic 5th Edition Update, Daily Access to Major Metropolitan Newspaper with Business Section or The Wall Street Journal
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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. PREREQUISITE: EC 141. 3:0:3
Macroeconomics is full of controversies. Through real world applications incorporating active learning activities, students will learn how economic concepts can be put to work to explain real world issues. At the end of the course, students will be able to discuss a broad spectrum of macroeconomic issues and ideas as these relate to modern and current day situations.
Learning Outcomes: Core Learning Outcomes
Link to Class RubricClass Assessment:
Term Paper: 10%
Group Learning Activities: 10%
TOTAL 100% (100 points.)
As part of each assessment, students will demonstrate not only mastery of course concepts but ability to apply concepts and mathematical/graphical analysis as assigned. Midterm and Final Exams are closed book, closed notes. Take Home Quizzes are Open Book, Open Notes.
Grading: A standard 10 Point Grading Scale will be applied.
Group Activities: 10%
Late Submission of Course Materials: Late submission permitted only if prior approval has been granted based on a compelling need or if there has been a demonstrable emergency.
Classroom Rules of Conduct:
All students shall be respectful and considerate of all others. All are encouraged to share ideas relevant to the class - including those that are controversial - but this should be done in a way that does not diminish others. Being considerate includes speech, nonverbal behavior, no use of cell phones while class is in session, use of computers only for class activities.
Class Schedule and General Outline- NOTE: Additional Assignments Will Be Made Throughout the Term. Changes may also be made at instructor's discretion if they are deemed valuable to the course.
Chapter Lecture Topics,Reading Assignments, Test and Project Schedule
Students are expected to read the assigned chapter prior to the lecture.
Course Introduction- Introduction to Macroeconomics
Measurement and the Structure of the National Economy-Update: Wealth
Begin Section 2: Long Run Economic Performance-
Chapter 3 – Productivity, Output, and Employment Take Home Quiz 1-3
Finish Chapter 3 – Group Application: Oil Price Shocks – Begin Tracking
Term Paper Topics Due
Consumption, Saving and Investment – Take Home Quiz Due
Finish Chapter 4 – Group Application: Fed Rate Hikes, Investment in
Housing (internet activity)
Saving & Investment In an Open Economy-
Group Applications: Working with macroeconomic data pg 209
Update: Globalization, Current Account Deficit,
The Asset Market, Money and Prices -Take Home Quiz 4-7
Finish Chapter 7 – Group Application - Take Home Quiz Due
Begin Section 3 – Business Cycles and Macroeconomic Policy
Chapter 8 Business Cycles
Group Application: TBA; Update The Unusual 2001 Recession; Midterm Review
The Jobless Recovery from the 2001 Recession
Midterm Chapters 1-5, 7
Begin Chapter 9 – The IS-LM/AD-AS Model
The IS-LM/AD-AS Model
Oil Price Shocks Revisited- Continued Analysis; Term Papers Due; Begin Chap 10
Classical Business Cycle Analysis Take Home Quiz 8-10
Keynesianism: The Macroeconomics of Wage and Price Rigidity
Begin Report Presentations
Finish Chapter 11 Take Home Quiz Due; Study Questions for Final
Continue Report Presentations Group Applications-Keynesian Debate
Monetary Policy and the Federal Reserve System – Continue Report Presentations
Finish 14 and Begin Chapter 15 Government Spending and It's Financing
Finish 15 - Update: Current Issues in Social Security
Academic Honesty:Academic integrity is the foundation of the academic community. Because each student has the primary responsibility for being academically honest, students are advised to read and understand all sections of this policy relating to standards of conduct and academic life. Park University 2006-2007 Undergraduate Catalog Page 87-89
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. Park University 2006-2007 Undergraduate Catalog Page 87
Attendance Policy:Instructors are required to maintain attendance records and to report absences via the online attendance reporting system.
Park University 2006-2007 Undergraduate Catalog Page 89-90
Disability Guidelines: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. Additional information concerning Park University's policies and procedures related to disability can be found on the Park University web page: http://www.park.edu/disability .
Last Updated:10/13/2006 1:25:08 PM