VILLANOVA UNIVERSITY

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VILLANOVA UNIVERSITY

Villanova School of Business

Department of Economics

Economics 1002

Dr. Alan J. Donziger

Principles of Macroeconomics

Spring 2008

Required Text and Readings:

Michael Parkin, Macroeconomics, 8 th edition, Reading, Massachusetts: Addison

Wesley, 2008.

MyEconLab website, (Access included with textbook) http://www.myeconlab.com/parkin/parkinmacro.html

The Wall Street Journal http://www.wsj.com/ and/or other sources of current macroeconomic information.

Additional material on course website

Objectives:

Economics 1002 is an introductory course in Macroeconomic Principles. Its primary objective is to introduce the student to the major institutions of the

American economy: households, business firms, the Federal Reserve System, governments and international institutions. A central theme of this course explores the interaction of these institutions in the context of a market based economic system (capitalism) and a political system based on the principles of liberal democracy. The economic principles of the determination of the level of national output and the price level are explored. These principles are applied to explain how these economic institutions make decisions and formulate policies to achieve macroeconomic goals. These goals include economic growth, full employment, price level stability and a favorable balance of trade. Generally this course will confront you with facts and ideas that are helpful in being able to

interpret and judge the economic dialog among today’s business, political, academic and social leaders.

Course Method:

The presentation of material consists of discussions of basic problems in economic analysis. Specific material in the text will be assigned in each area.

The MyEconLab website will be used primarily for self study. The class presentations will utilize multi-media techniques including PowerPoint slides, use of news websites, and links to primary sources of macroeconomic data. The

PowerPoint slides will be available for download on the course website prior to their use in class. The student is expected to read on a regular basis The Wall

Street Journal - either the print or online edition - and/or other current periodicals or online news sites. Articles which relate to course material will be discussed in class. Additional online materials will be required. Each student is expected to adequately prepare for class by reviewing all assigned materials, obtaining class presentation materials and online assignments prior to the class meetings so that he or she can participate more actively and intelligently. Active class participation is expected.

Contact Information:

Office: B2069

Phone: (610) 519 - 4315

Fax: (610) 519 - 6054

Email: alan.donziger@villanova.edu

Web Address: www.homepage.villanova.edu/alan.donziger

Office Hours: Tuesday 1045 - 1245, 1545 - 1700

Thursday 1045 - 1245, 1545 - 1745

Other office hours available by appointment.

Exams and Grading Policy:

There will be two in-class exams, the dates of which will be announced in class at least one week in advance. Students are expected to take both exams at the scheduled times. There will also be a comprehensive final exam.

Exam 1 25%

Exam 2 25%

Final Exam 35%

Additional assignments 15%

Class participation will earn extra credit

Attendance Policy:

Students are expected to attend all classes. Attendance and class participation will be taken into consideration, especially in the case of borderline grades. In addition, there will be a policy of no make-up exams except in cases of extenuating circumstances for which students must provide sufficient documentation.

Academic Integrity Policy Statement:

The Code of Academic Integrity of Villanova University addresses cheating, fabrication of submitted work, plagiarism, handing in work completed for another course without the instructor's approval, and other forms of dishonesty. For the first offense, a student who violates the Code of Villanova University will receive

0 points for the assignment. The violation will be reported by the instructor to the

Dean's Office and recorded in the student's file. In addition, the student will be expected to complete an education program. For the second offense, the student will be dismissed from the University and the reason noted on the student's official transcript.

Disability Statement:

It is the policy of Villanova to make reasonable academic accommodations for qualified individuals with disabilities. If you are a person with a disability please contact me after class or during office hours and make arrangements to register with the Learning Support Office. Registration is needed in order to receive accommodations.

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