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California State University, BakersfieldEssentials of Macroeconomics (ECON 202 Honors)

Abbas Grammy, Ph.D. Professor of EconomicsDepartment of Economics School of Business and Public Administration

Office: BDC Room 249 via 247 Hours: MW 8-9 a.m. & 2-3 p.m.E-mail: agrammy@csub.edu Website:www.csub.edu/~agrammyTelephone: 661-654-2466 Fax: 661-654-2438

Course Description:This course is a study of theories of income, employment, inflation, and money. Emphasis willbe placed on macroeconomic theory and policy and analysis of macroeconomic data fordecision-making. Course objectives are:

To learn the principle concepts, theories, and policies of macroeconomics To analyze macroeconomic trends and apply them to societal conditions

To be informed of historical and current economic events

These objectives are achieved by classroom lectures and discussions, data analysis projects,historical and current events, homework assignments and examinations.

Course Materials:K. Case, R.Fair, and S. Oster,Principles of Macroeconomics and Study Guide for Principles ofMacroeconomics 9th edition 9th edition, New Jersey: Pearson Prentice Hall, 2009.

The textbooks Power Point slides are available on my website under Course Materials. Pleasedownload and print as handout three to a page for note-taking and discussion purposes.

Course Policy:Attendance: You are required to attend all class sessions and actively participate in classdiscussions. You are also required to come to the class on time and stay for the entire period. Iwill end the class on time and give you a brief break. If you must leave the class to attend aprior engagement before the session is over, you need to let me know in advance.

Grading System: Letter grades will be determined by total percentage points earned in thecourse. I do not intend to grade on the curve. I will use the following distribution correspondingto each letter grade:

95-100 A 84-86 B 74-76 C 60-64 D

90-94 A- 80-83 B- 70-73 C- 50-59 D-87-89 B+ 77-79 C+ 65-69 D+ 0-50 F

Assignment Policy:There will be no make-up exams, quizzes, or assignments. Only serious and compelling medicalreasons with supporting certifications from credible sources will be considered. Exams, quizzes,

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and assignments cannot be made up for other reasons. Assignments must be hand-delivered tome in the classroom on their respective due dates. Other forms of submission such asslidingunder my office doororvia e-mailare not acceptable. Late assignments will not be graded.Late arrival to exam or quiz sessions will not receive extra time. If you happen to miss anyexams, quizzes, or assignments, your grade will be based on the requirements you havecompleted. Incomplete grades will not be assigned.

Cheating & Plagiarism:I follow the universitys policy on Academic Integrity enumerated below:

The principles of truth and integrity are recognized as fundamental to a community of teachers and scholars. TheUniversity expects that both faculty and students will honor these principles and in so doing will protect theintegrity of all academic work and student grades. Students are expected to do all work assigned to them withoutunauthorized assistance and without giving unauthorized assistance. Faculty have the responsibility of exercisingcare in the planning and supervision of academic work so that honest effort will be encouraged and positivelyreinforced.

There are certain forms of conduct that violate the university's policy of academic integrity. ACADEMIC

DISHONESTY (CHEATING) is a broad category of actions that use fraud and deception to improve a grade orobtain course credit. Academic dishonesty (cheating) is not limited to examination situations alone, but ariseswhenever students attempt to gain an unearned academic advantage. PLAGIARISM is a specific form of academicdishonesty (cheating) which consists of the misuse of published or unpublished works of another by claiming themas one's own. Plagiarism may consist of handing in someone else's work, copying or purchasing a composition,using ideas, paragraphs, sentences, phrases or words written by another, or using data and/or statistics compiledby another without giving appropriate citation. Another example of academic dishonesty (cheating) is theSUBMISSION OF THE SAME, or essentially the same, PAPER or other assignment for credit in two differentcourses without receiving prior approval.

In particular, seemingly identical examinations and assignments will be subject to the cheatingand plagiarism policy. The course of action is to assign Failure (F) grades to students caughtcheating and for the instructor to report them to the university administration for further

disciplinary actions. You must work independently in the completion of all assignments andexaminations in this course. All course requirements are not group activities.

Course Requirements:Mid-term Examination 30%Final Examination 30%Homework Assignments 10%In-Class Quizzes 10%Writing Assignment 20%

Explanation of Course Requirements:Examinations:There are two exams in this course. Each examination will consist of acombination of problem sets andmultiple-choice questions. The mid-term exam will coverChapters 5-9 and the final exam will cover Chapters 10-18 and 21. Each exam consists of acombination of multiple-choice questions and problem sets.

Homework Assignments: There are several homework assignments consisting of problem sets.Late assignments will not receive credit.

In-Class Quizzes: Once a week, you view a video/DVD presentation and take a quiz while

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viewing a film. Each presentation is a study of macroeconomic policy with historicalapplications from the United States.

Writing Assignment: Youll track quarterly data (2000.1-Most recent quarter) on unemploymentrate, inflation rate, and economic growth rate. You will analyze the trends of these indicators andwrite a paper (4-5 pages, double-spaced). Your paper is graded on data accuracy, graphicalillustrations, writing mechanics and organization, and beauty of presentation.

To collect and plot data visit:www.economagic.comUS Macro 1US Employment Data: Unemployment RateUS Consumer Price Index: All Urban Consumers, SAUS GDP and Components:Real Gross Domestic Product in Chained 2005 Dollars

Schedule of Class Activities

Week 1Course ReviewVisiting www.economagic.comChapter 5: Introduction to MacroeconomicsChapter 7: Unemployment, inflation, and Long-run GrowthQuiz 1

Week 2Chapter 6: Measuring National Output and IncomeQuiz 2

Week 3Chapter 8: Aggregate Expenditures & Equilibrium OutputChapter 9: The Government and Fiscal PolicyQuiz 3

Week 4Chapter 9: The Government and Fiscal Policy (continued)Quiz 4

Week 5Mid-term ExamChapter 10: The Money Supply and Federal Reserve SystemQuiz 5

Week 6Chapter 11: Money Demand and the Equilibrium Interest RateChapter 12: Aggregate Demand in the Goods and Money MarketsQuiz 6

Week 7

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Chapter 13: Aggregate Supply and the Equilibrium Price LevelChapter 14: The Labor Market in the Macro-economyQuiz 7

Week 8Chapter 15: Policy Timing, Deficit Targeting, and Stock Market EffectsChapter 16: Household and Firm Behavior in the Macro-economyQuiz 8

Week 9Chapter 17: Long-Run GrowthChapter 18: Debates in MacroeconomicsQuiz 9

Week 10Chapter 21: Economic Growth and Development & Transitional EconomiesChapter 19: International Trade, Comparative Advantage & Protectionism

Quiz 10

Important DatesFirst day of class: Monday, September 13, 2010Last day of class: Wednesday, November 17, 2010Newsletter due: Wednesday, October 18, 2010Mid-term Exam: Wednesday, October 6, 2010Final Exam: To be announced

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