SYLLABUS

ECON 2010

PRINCIPLES OF MACRO ECONOMICS

THREE CREDIT HOURS

SEMESTER 1 2004-2005

GREG HEBERLING

 

Office HARDACRE 204     Phone: 641-4363   email: gdheberling@anderson.edu

                                                                            Prime time hours for students to visit the office:

 9:00 -  9:50     M,T,W,F

11:00 – 11:50     M,T,W,F

 1:00 – 1:50      M,W

 

I will meet other times to accommodate your schedule.

 

Required Text: Economics - Principles and Applications, Hall & Lieberman 3rd edition

 

Purpose: This course is designed to give to the student exposure to the uniqueness of economic reasoning. The introduction of the basic tools of economics will prepare the students for a rigorous analytical approach to decision making and problem solving in both the public and private arena. The students should gain an understanding of general societal structures from a clearly economic perspective.

 

Goals: Students will be presented with simplified versions of economic models that lead to the analysis of a variety of social, political, and economic problems and issues that face public and private decision makers. We will focus on a list of objectives that includes:

1. Price determination in a private market. How prices function to help                           establish order for consumption allocation.    

2. Output determination in a private market. Who gets to hire what resources and what gets produced.

3. A model of National Income determination

4. The determinants of unemployment and inflation. Capitalist solutions to economic problems. The role of the government, its responsibilities and limitations.

5. Economic growth/stagnation

6. The banking system, the Federal Reserve and money creation. How money promotes economic stability

7. Alternative approaches to economic stabilization policies

8. The economics of social problems (poverty, hard core unemployment, regional disparities and pollution)

9. The global role of the U.S. economy

     10. Federal deficit spending and national debt

Final Exam schedule:

Monday Dec 13, 2004 from 3:20 p.m to 5:00 p.m.

 

 

 

 

 

Lecture sequence

Chapter  1      Chapter-17    Chapter 21        Chapter 23               Chapter- 2      Chapter 18    Chapter 22            Chapter 24                 Chapter  3      Chapter 19                     Chapter 25

Chapter  16     Chapter 20                      Chapter 15

         

Exam I          Exam II        Exam III        Final Exam

Lecture sequence and chapters covered for each exam are subject to change.

 

Attendance: Enrollment in this class obligates the student to be present for every class. Graded in-class assignments or quizzes cannot be made up at a later time. NO EXCEPTIONS. The impact of attendance upon the student's grade follows the stated policy of the university.

 

Lectures: Will be based on textbook material supplemented by the instructor's experience and training. Not all textbook material will be covered in class. However, all textbook material is testable (except chapters not on the syllabus).

 

Withdrawal: Students are expected to be aware of the appropriate withdrawal deadlines established by the University. The instructor will not assist any attempts to withdraw after this date.

 

Policy on cheating: The student should refer to the A.U. Student handbook. The student is responsible for maintaining behavior that will not place the student in jeopardy of being accused of cheating on exams or quizzes. Accusation by the instructor will result in disciplinary action.

 

Exams: There will be three midterms and a final exam. No student may miss an exam without the approval of the instructor prior to exam day. Approval will not be given except for extreme circumstance verified in writing. Exams will be a combination of problems and multiple-choice questions. They will be based on lecture and textbook material. They are not designed in a comprehensive fashion. The study guide offers a range of questions that provides practice for the exams. The study guide does not define the range of material for exams.

 

Math preparation: The economic tools used in this course will be expressed within the context of algebraic and graphical models. The level of difficulty is commensurate with high school algebra.

 

Course grade determination:

In class assignments & homework  - 10%

                        Attitude – 10%

Exam I   - 20%

Exam 11  - 20%

Exam III - 20%

Final    - 20%

 

Math pretest: All students must take an in class math pretest the first week of classes. The purpose of the pretest is to gauge each student's preparation for this course. Your score will be evaluated and you will receive a score of either acceptable or unacceptable. Those receiving an unacceptable score must meet with the professor within one week of receiving the results of the pretest. This is a requirement of the course that will not be waived. Failure to comply will result in a full letter grade penalty on the first exam.