CALIFORNIA STATE UNIVERSITY, SACRAMENTO DEPARTMENT OF ECONOMICS ECON 1A – Introduction to Macroeconomic Analysis SPRING 2011 Instructor: e-mail: Office: Office phone: Office Hours: Dr. Yan “Joni” Zhou yzhou@csus.edu Tahoe 3020 278-7653 Monday 4-5p.m. and Friday 3-5p.m. or by appointment General Information Lecture: MW 12:00pm-1:15pm at Mariposa Hall 1001 Course web page: http://www.aplia.com/ Aplia course key: LVD9-9ECS-WVWZ Call No.: 34195 Section: 4 GE Area: D1A Catalog Description Introductory inquiry into the workings and interrelationships of the aggregate economic system. The primary focus is on total production and its distribution, employment and price levels, and the forces influencing them. Other considerations are the roles of government, the monetary sector, and related areas. 3 units. Scope and Objectives Macroeconomics is the branch of economics that deals with the economy as a whole. This is the broad field that focuses on economic issues you’ve seen discussed in the media: unemployment, GDP, inflation, and interest rates. Changes in macroeconomic conditions affect various gender, ethnic, and socio-economic groups differently. Policy decisions have important implications for these groups and the economy as a whole. At the end of this course, you should: (i) have a general understanding of the unique perspective taken by macroeconomics in its study of society and human behavior, (ii) understand the inquiry methods used by economists and know how to apply economic thinking to everyday decisions, (iii) understand the diversity that exists in human societies, (iv) understand the contributions to human society of women, ethnic, and socio-economic groups To meet the GE writing requirement, you will be asked to answer short essay questions on exams. Required Textbook (available online) Mankiw, N. Gregory, Brief Principles of Macroeconomics, 5th edition You are required to register for this course online through Aplia at http://www.aplia.com ($90). Details about how to register are given at the end of the syllabus. Your registration includes an online version of the textbook. You may choose to order a hard copy of the textbook through amazon.com OR directly through Aplia (for an additional fee). -1- Grading Homework Two midterm exams Comprehensive final exam 20% 40% 40% Grades will be distributed approximately according to the following scale: A >93 C 73~76 Assignments A- 90~93 C- 70~72 B+ 87~89 D+ 67~69 B 83~86 D 63~66 B- 80~82 D- 60~62 C+ 77~79 F <60 Homework will be completed in an online interactive format at the Aplia website. It is very important that you have reliable (high-speed) internet access. It is highly recommended that you use the on-campus computer labs to complete your homework. Computer problems are NOT an excuse for missing assignments. No late homework will be accepted. Due dates for all assignments are posted on Aplia usually a week in advance. It is impossible to extend time for assignments after the due date. Hence you must keep track of the due dates for all homework assignments. I will announce in class when I assign new homework. You are also encouraged to check the Aplia website frequently in case you miss the announcements in class. If you add the course late in the semester, you cannot makeup work you have missed. Start working on the assignments at least a day before the due date. These assignments are challenging and important both for your homework grade and your performance in the class. Please give yourself enough time to work on them. Generally, there are two homework assignments for each chapter; one is for your own practice and one is graded. Only the graded homework assignments count toward your grade, but I encourage you to spend time working through the practice homework assignments carefully in order to improve your performance on the graded ones. The answer key for each assignment will be available online on Aplia immediately after the due date and time. Please be sure to review the answers and explanations of each assignment after its due date. Free peer tutoring for this class is available at Tahoe 3025 in the Department of Economics. Tutoring hours are posted in the department office during the first week of classes. You can also email me, drop by my office at Tahoe 3020 during office hours (see the top of page 1), or make appointments with me if you have any questions regarding the homework assignments. -2- Policies 1. Academic honesty is expected. I encourage you to work together on problem sets and to help each other in studying, however, work submitted for a grade must be that of the individual student. You will receive a mark of zero on any work (including exams) where cheating occurs. 2. You are responsible for bringing a scantron form (#882-E), a pencil and a calculator on the day of exams. Exams will be closed book and given in class. 3. There will be no makeup examinations. Exam dates are given in the course outline below. All exam dates are fixed, if you cannot take exams on these dates, please do not enroll in this class. 4. I recommend that you attend all the lectures of this class. Missing a lecture usually costs you plenty of time to catch up. Those who attend the lectures irregularly tend to perform poorly in this class. 5. Come to class on time and stay for the entire class session. If you do need to leave early, please let me know before class starts. 6. If you decide to withdraw from this class, please make sure you do so with the registrar. If you withdraw without permission, you will be assigned a failing grade. 7. Keep cell phones shut off during class. During exams, you may not use your cell phone as a calculator. You must bring a calculator w/o programming capabilities. 8. If you have a learning disability or a physical disability that requires accommodation, please let me know as soon as possible. All needs that have been verified through the Services to Students with Disabilities (Lassen Hall) will be accommodated. -3- Tentative Course Outline Week 1 Week 2 Dates Topic Reading Jan. 24 – 28 Syllabus Lecture 1: Ten Principles of Economics Chapter 1 Lecture 1: Ten Principles of Economics (continued) Lecture 2: Thinking Like an Economist Chapter 2 Jan. 31 – Feb. 4 Week 3 Feb. 7 – 11 Lecture 3: Interdependence and Gains from Trade Chapter 3 Week 4 Feb. 14 – 18 Lecture 3: Interdependence and Gains from Trade (continued) Chapter 3 Week 5 Feb. 21 – 25 Lecture 4: The Market Forces of Supply and Demand Chapter 4 Week 6 Feb 28 – March 4 Midterm Review Midterm Exam #1 – Lectures 1-4 (Wednesday, March 2 ) Week 7 March 7 – 11 Lecture 5: Measuring the Nation’s Income Lecture 6: Measuring the Cost of Living Chapter 5 Chapter 6 Week 8 March 14 – 18 Lecture 6: Measuring the Cost of Living (continued) Lecture 7: Production and Growth Chapter 6 Chapter 7 Week 9 March 21 – 25 Spring Recess Week 10 March 28 – April 1 Lecture 7: Production and Growth (continued) Lecture 8: Savings, Investment, & the Market for Loanable Funds Chapter 7 Chapter 8 Week 11 April 4 – 8 Lecture 8: Savings, Investment, & the Market for Loanable Funds (continued) Midterm Review Midterm Exam #2 – Lectures 5-8 (Wednesday, April 6th ) Chapter 8 Week 12 April 11 – 15 Lecture 9: The Basic Tools of Finance Chapter 9 Lecture 9: The Basic Tools of Finance (continued) Lecture 10: Unemployment and its Natural Rate Chapter 9 Chapter 10 Week 13 April 18 – 22 Week 14 April 25– 29 Lecture 10: Unemployment and its Natural Rate (continued) Chapter 10 Week 15 May 2 – 6 Lecture 11: The Monetary System Chapter 11 Week 16 May 9 – 13 Lecture 12: Open-Economy Macroeconomics Review for Final Exam Chapter 13 Week 17 May 16 – 20 Final Exam (Lectures 1-12): 10:15 am -12:15 pm on Friday, May 20 -4- How to access your Aplia course Econ 1A-Section 4, Spring 2011 Instructor: Yan Zhou Start Date: 01/24/2011 Course Key: LVD9-9ECS-WVWZ Registration Aplia is part of CengageBrain, which allows you to sign in to a single site to access your Cengage materials and courses. 1. Connect to http://login.cengagebrain.com/ 2. If you already have an account, sign in. From your Dashboard, enter your course key (LVD9-9ECS-WVWZ) in the box provided, and click the Register button. If you don't have an account, click the Create a New Account button, and enter your course key when prompted: LVD9-9ECS-WVWZ. Continue to follow the on-screen instructions. Payment Online: Purchase access to your course (including the digital textbook) from the CengageBrain website for US$90.00. After paying, you will have the option to purchase a physical book from the Aplia website at a discounted price. If you choose to pay later, you can use Aplia without paying until 11:59 PM on 02/13/2011. -5-