EC301 Intermediate Macroeconomics

for U1M 2005

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Intermediate Macroeconomics Brian Tinga (M.S.)
EC 301 (3 credit hours) Adjunct Instructor
Summer 2005 (5/30/2005 -7/24/2005)
Tuesday/Thursday (19:30-22:00)
Prerequisites (EC 141)

Required Text
Dornbusch, Fischer, Startz. Macroeconomics. 9th Edition. New York, NY.: McGraw Hill, 2004

Course Objectives
1. Derive and use the Keynesian cross, IS-LM, and AD-AS models.
2. Explain how the evolution of the monetarist and new-classical theories.
3. Describe how the new-Keynesian theory justifies the Keynesian policy prescriptions.
4. Explain the relationship between the government-budget deficit and the trade deficit.
5. Explain how national savings determines the trade deficit, not protectionism.
6. Define supply-side economics and discuss how it explains the government-spending deficit.
7. Research and write a term paper on a macroeconomics topic.

Classroom Rules of Conduct
Every student is here at there own free will. Subsequently if students cannot respect others’ desire to learn then those students should drop the class. In short Treat others as you would like to be treated.

Late Submission of Course Materials
Students are expected to turn in assignments by the due date stated. I will consider extenuating circumstances. As such I will consider such requests on a case by case basis.

Attendance Policy
Instructors are required to keep attendance records and report absences. The instructor may excuse absences for cogent reasons, but missed work must be made up within the term of enrollment. Work missed through unexcused absences must also be made up within the term of enrollment, but unexcused absences may carry further penalties. In the event of two consecutive weeks of unexcused absences in a term of enrollment, the student will be administratively withdrawn, resulting in a grade of “F”. An Incomplete will not be issued to a student who has unexcused or excessive absences recorded for a course. Students receiving Military Tuition Assistance (TA) or Veterans Administration (VA) educational benefits must not exceed three unexcused absences in the term of enrollment. Excessive absences will be reported to the appropriate agency and may result in a monetary penalty to the student. Reports of F grade (attendance or academic) resulting from excessive absence for students receiving financial assistance from agencies not mentioned above will be reported to the appropriate agency.


Assignments 30%
Midterm Exam 20%
Final Exam 20%
Paper 20%
Participation 10%

A=90-100, B=80-89, C=70-79, D=60-69, F=0-59
Course Schedule

Week 1 (May 31, June 2)

Introductions, Syllabus review
Chapter 1- Economics Refresher
Chapter 2- National Income

Week 2 (June 7, 9) JUNE 6th LAST DAY TO ADD/DROP

Chapter 3-Growth & Accumulation June 7th Assignment #1 Due Chapter 4- Growth & Policy
Chapter 5- Aggregate Supply & Demand

Week 3 (June 14, 16)

Chapter 6- Aggregate Supply: Wages, Prices, and Unemployment
Chapter 7- The Anatomy of Inflation and Unemployment
Chapter 8- Policy June 16th Assignment #2 Due


Chapter 9- Income & Spending
Chapter 10- Money, Interest & Income

Week 5 (June 28, 30) JULY 1- LAST DAY OF WITHDRAWAL

Chapter 11- Monetary & Fiscal Policy June 28th Midterm Exam
Chapter 12- International Linkages

Week 6 (July 5, 7)

Chapter 13- Consumption & Saving July 5th Assignment #3 Due
Chapter 14- Investment Spending
Chapter 15- The Demand for Money

Week 7 (July 12, 14)

Chapter 16- The Fed, Money, & Credit July 12th Assignment #4 Due
Chapter 17- Financial Markets and Asset Prices
Part 5 (Chapters 18-20) If time permits July 14th Paper Due

Week 8 (July 19, 21) JULY 24th END OF TERM

Part 5 (Chapters 18-20) If time permits
July 21- Final Exam

Park University Policies

Mission Statement
The mission of Park University, an entrepreneurial institution of learning, is to provide access to academic excellence, which will prepare learners to think critically, communicate effectively and engage in lifelong learning while serving a global community.

Vision Statement
Park University will be a renowned international leader in providing innovative educational opportunities for learners within the global society.

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.

Academic Honesty
“Academic Honesty is required of all members of a learning community. Hence, Park will not tolerate cheating or plagiarism on tests, examinations, papers or other course assignments. Students who engage in such dishonesty may be given failing grades or expelled from Park.”

Plagiarism—the appropriation or imitation of the language or ideas of another person and presenting them as one’s original work—sometimes occurs through carelessness or ignorance. Students who are uncertain about proper documentation of sources should consult their instructors.”

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 American with Disabilities Act of 1990, regarding students 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: