University of Hawaii-Hilo College of Business and Economics Syllabus ECON 131-001 Instructor: Tam Vu, Ph.D. Intermediate Macroeconomics Location: K127 Spring 2008 Office: PB-9 #2, phone: 974-7462 Time: MWF, 8-8:50 AM E -mail: [email protected] Office Hour: Wednesday, 4:30-5:45 PM Thursday, 12:15-1:45 PM and 2:00-3:15 PM Friday, 1:15-2:30 PM Course Description: ECON 131 aims to provide students with knowledge of the introductory-level macroeconomics. Basic economic principles will be introduced. The functioning of economic systems with emphasis on the forces determining levels of, and changes in, national outputs, employment, and the price level will be discussed. Prerequisite: ECON 100, or ECON 130, or consent of instructor. Students are urged to review high school algebra and geometry. Course Materials: Require Textbook: Krugman, Paul and Robin Wells, Macroeconomics, Worth Publishers, 2006. The text is available in the UHH bookstore. Required tool: the i<Clicker, which is available from the bookstore. There is a Study Guide to Accompany the Macroeconomics in reserve at the library for students who wish to use as additional practice for exam. Course Requirements: Grades will be determined by three exams, homework assignments, and class participation. The grading will utilize plus and minus signs. Exams: Two Mid-Term Exams, each includes twenty multiple-choice questions and one essay-type question of 150-200 words. Final Exam: forty multiple-choice questions and one essay-type question of 150200 words. Self-assessment quizzes will be given but will not be graded. Answer keys will be provided for each self-assessment quiz. Homework: Homework assignments will have similar forms to the exams. Deadlines for all assignments have to be met in order to receive full credits. Class Participation: Class participation includes attendance and contribution to the class discussions and activities. Handouts will be distributed before each class to help with reading assignments and class discussions. Evaluation: Homework: 20% of the grade Class Participation: 5% of the grade Mid-Term Exam I: 20% of the grade Mid-Term Exam II: 20% of the grade Final exam: 40% of the grade Note that there are ten homework assignments, so each is worth 2% of the total grade. The combination of homework and class participation will form your "backup" grade, which is 25% of your total grade. Hence, your performance in each exam is still the most important factor to improve your grade. The final exam weighs twice as important as each midterm exam. Makeup exams: No makeup time is given to students who arrive late at an exam. Acceptable excuses for missing exams are medical emergencies or important events such as funeral, court appearances, jury duty, etc. Please present a written document from a respective authority for a makeup exam. Students with Disabilities: Any student with a documented disability who would like to request accommodations should contact the University Disability Services Office, Hale Kauanoe A Wing Lounge, 933-0816(V), 933-3334 (TTY), or email Ms. Susan Shirachi at [email protected], as early in the semester as possible. Advising: Students should consult with their own adviser at least once a semester to decide on courses, check progress toward graduation, and discuss other educational services provided by the UH-Hilo. Reading Requirements and Schedule (Tentative) January 14: Syllabus and Introduction January 16-18: Chapter 1, First Principles January 16: Homework 1 given January 21: Martin Luther King Day, no class January 23-25: Chapter 2, Economics Models: Trade off and Trade January 23: Homework 1 due at the beginning of the class, Homework 2 given January 28-30: Chapter 3, Supply and Demand January 30: Homework 2 due at the beginning the class, Homework 3 given February 1: Chapter 4, Market Strikes Back. Price Ceiling and Price Floor Note: February 3rd is the last day to withdraw without a "W" February 4-6: Chapter 6, Macroeconomics: The Big Picture February 6: Homework 3 due at the beginning of the class February 8: Review February 11: Midterm I February 13-20: Exam returns, Chapter 7, Tracking the Macroeconomy February 13: Homework 4 given February 18: President's Day, no class February 20: Homework 4 due at the beginning of the class, Homework 5 given February 22-27: Chapter 8, Long-Run Economic Growth February 27: Homework 5 due at the beginning of the class, Homework 6 giv February 29-March 5: Chapter 9, Saving, Investment, and the Financial System March 5: Homework 6 due at the beginning of the class March 7: Review Note: March 7 is the last day to withdraw with a “W” March 10: Midterm II March 12-19: Exam return. Chapter 10, Aggregate Supply and Aggregate Demand March 14: Homework 7 given March 21: Good Friday, no class March 24-28: Happy Spring Break!! March 31-April 4: Chapter 12, Fiscal Policy April 2: Homework 7 due at the beginning of the class, Homework 8 given April 7-11: Chapter 13, Money, Banking, and the Federal Reserve System April 11: Homework 8 due at the beginning of the class, Homework 9 given April 14-18: Chapter 14, Monetary Policy April 21-25: Chapter 15, Labor Market April 21: Homework 9 due at the beginning of the class. Homework 10 given April 28-May 2: Chapter 16, Inflation, Disinflation, and Deflation April 30: Homework 10 due at the beginning of the class Homework 11 given for practice only May 5-7: Review Note: May 7 is the last day to completely withdrawal with a "W" Final Exam: Monday, May 12, 7:30-9:30 AM This information is obtained from the UHH website. Please verify it.