Principles of Macroeconomics Syllabus
Autumn 2014
Economics 2002.01
The Ohio State University
Department of Economics
PRINCIPLES OF MACROECONOMICS
College of Arts and Sciences
Course Instructor Information:
Instructor:
E-mail:
Economics Website:
Dr. Bruce W. Bellner
BBA MBA DBA
bellner.1@osu.edu
https://economics.osu.edu/people/bellner
Office:
Office Hours:
AP 0419
M W 12:30N—02:30P
Office Phone:
Office Fax:
614/ 292.6701
614/ 292.3906
Course Term, Location, Main Lecture Time and Class Number:
Term:
Schedule:
Autumn 2014
T R 03:00P—03:55P
Classroom:
IH 0100
Class Number: 25505
Required Course Text:
Title:
Author:
Date Published:
ISBN:
Macroeconomics 5/e
Hubbard & O’Brien
© 2015 Pearson
9780133826692
Course Overview and Objectives:
Economics is the study of how people allocate their limited resources to satisfy their unlimited
wants. Macroeconomics is the study of the behavior of the economy as a whole, including such
economy-wide phenomena as changes in unemployment, the general price level and national
income. Economics 2002.01: Principles of Macroeconomics; examines such topics as national
output and income determination, economic fluctuations, monetary and fiscal policy, and
comparative advantage in a global economy. The course objectives are to learn, understand, and
demonstrate knowledge of macroeconomic principles.
Course General Education Statement:
Economics 2002.01 is a general education (GE) course in the social science category,
organizations and polities.
GE Goals:
Students understand the systematic study of human behavior and cognition; the structure of
human societies, cultures, and institutions; and the processes by which individuals, groups, and
societies interact, communicate, and use human, natural, and economic resources.
Organizations and Polities Expected Learning Outcomes:
1. Students understand the theories and methods of social scientific inquiry as they apply to the
study of organizations and polities.
2. Students understand the formation and durability of political, economic, and social organizing
principles and their differences and similarities across contexts.
3. Students comprehend and assess the nature and values of organizations and polities and their
importance in social problem solving and policymaking.
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Principles of Macroeconomics Syllabus
Autumn 2014
Course Material:
Chapter
Topic
Week
Days
Dates
Part I:
Introduction
Chapter 1:
Economics: Foundations
Week 1:
Thurs
Aug 28
Chapter 2:
Trade-Offs, Comparative Advantage, Markets
Week 2:
Chapter 3:
Interaction of Demand and Supply
Week 3:
Chapter 4:
Economic Efficiency
Week 4:
Exam I 0100 IH: 3:00P—3:55P
Week 5:
Tues
Thurs
Tues
Thurs
Tues
Thurs
Tues
Sept 2
Sept 4
Sept 9
Sept 11
Sept 16
Sept 18
Sept 23
Thurs
Tues
Thurs
Tues
Sept 25
Sept 30
Oct 2
Oct 7
Thurs
Oct 9
Tues
Thurs
Tues
Oct 14
Oct 16
Oct 21
Thurs
Oct 23
Week 10:
Tues
Oct 28
Week 11:
Thurs
Tues
Oct 30
Nov 4
Thurs
Nov 6
Part II:
Firms in the Domestic and International Economies
Chapter 6:
Firms, the Stock Market, Corp Governance
Week 6:
Chapter 7:
Comparative Advantage, Gains from Trade
Part III:
Week 7:
Macroeconomic Foundations and Long-Run Growth
Chapter 8:
GDP: Measuring Total Production and Income
Chapter 9:
Unemployment and Inflation
Week 8:
Exam II 0100 IH: 3:00P—3:55P
Week 9:
Chapter 10:
Economic Growth, Financial System
Chapter 11:
Long-Run Economic Growth
Part IV:
Short-Run Fluctuations
Chapter 13:
Aggregate Demand and Supply Analysis
Part V:
Monetary and Fiscal Policy
Chapter 14:
Money, Banks, and the Fed
Veteran’s Day Holiday
Exam III 0100 IH: 3:00P—3:55P
Week 12:
Chapter 15:
Monetary Policy
Week 13:
Chapter 16:
Fiscal Policy
Week 14:
Chapter 17:
Thanksgiving Day Holiday
Inflation, Unemployment, and the Fed
Week 15:
Review
Exam IV (Final) 0100 IH: 4:00P—5:45P
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Tues Nov 11
Thurs Nov 13
Tues
Thurs
Tues
Nov 18
Nov 20
Nov 25
Week 16:
Thurs
Tues
Thurs
Tues
Nov 27
Dec 2
Dec 4
Dec 9
Finals Week:
Wed
Dec 17
Principles of Macroeconomics Syllabus
Autumn 2014
Course Welcome Letter:
Welcome to Econ 2002.01!
Economics is all about the ‘ordinary business of life’ as Alfred Marshall said. But what is
‘extraordinary’ is that choosing this course, other courses, your career, and your future are all
relevant to the principles we will study here. These principles help you understand the choices
you make, and help you think in an economic way—a way of thinking used throughout the course.
The course is designed to fit a variety of majors and facilitate different levels of learning, yet
remains rigorous and challenging—offering you the opportunity to realize your full potential for
learning economics. To maximize your potential, please use the dateline given you. Read the
chapters prior to class, take notes, and make sure you get the main concepts as we go along.
When you review, study the chapter Learning Objectives, Summary Sections and the chapter
Review Questions. Real world examples such as the Economics in Your Life and Inside Looks
help you to synthesize theory with practical applications. You can access and download
PowerPoint slides on Carmen, and video clips and sample exam questions to reinforce your
understanding are available as well via MyEconLab.
Remember, the time and effort you put into the course are commensurate with how well you will
do. Prepare by following the above advice, attending class, participating in recitation (completing
homework sets and quizzes), and reviewing for exams in advance allowing time to reflect on the
main concepts. This strategy will help ensure you get the grade you strive for, which is based on
the system below.
Grading Scheme: Is based on the OSU standard letter grade.
A
AB+
B
B-
C+
77
C
73
C70
D+
67
D
60
E
0
Grading Activity: Is based on earning points on your exams, homework sets and quizzes.
Exam I:
Exam II:
Exam III:
Exam IV: (Final)
93
90
87
83
80
50
50
50
100
Homework:
Quizzes:
Extra Credit:
25
25
15 (Bonus)
You can earn a total of 300 points, so if you earn 273 points that is an A-.
The exams will consist of 25 multiple-choice questions (50 questions on the final). Please note;
that a missed exam requires providing written documentation as to why it was missed (such as for
a valid medical reason), and the final must be taken the day it is given. The homework sets will be
assigned and collected during recitation. Quizzes will also be given during recitation. You can also
earn extra credit (See FAQ on Carmen site for more details.)
Keeping in mind our objectives after all are to learn, understand, and demonstrate knowledge of
macroeconomic principles—my hope is that you will acquire some useful ideas to carry along with
you, as well as a greater appreciation for (and lasting interest in) economics. To the extent I can
help in any way, please let me know. I will be very happy to assist you.
Enjoy the course!
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Principles of Macroeconomics Syllabus
Autumn 2014
Code of Student Conduct:
Academic integrity is essential to maintaining an environment that fosters excellence in teaching,
research, and other educational and scholarly activities. Thus, The Ohio State University and the
Committee on Academic Misconduct (COAM) expect that all students have read and understand
the University’s Code of Student Conduct, and that all students will complete all academic and
scholarly assignments with fairness and honesty. Students must recognize that failure to follow
the rules and guidelines established in the University’s Code of Student Conduct and this syllabus
may constitute “Academic Misconduct.”
The Ohio State University’s Code of Student Conduct (Section 3335-23-04) defines academic
misconduct as: “Any activity that tends to compromise the academic integrity of the University, or
subvert the educational process.” Examples of academic misconduct include (but are not limited
to) plagiarism, collusion (unauthorized collaboration), copying the work of another student, and
possession of unauthorized materials during an examination. Ignorance of the University’s Code
of Student Conduct is never considered an ‘excuse’ for academic misconduct, so I recommend
that you review the Code of Student Conduct and, specifically, the sections dealing with academic
misconduct.
If I suspect that a student has committed academic misconduct in this course, I am obligated by
University Rules to report my suspicions to the Committee on Academic Misconduct. If COAM
determines that you have violated the University’s Code of Student Conduct (i.e., committed
academic misconduct), the sanctions for the misconduct could include a failing grade in this
course and suspension or dismissal from the University.
If you have any questions about the above policy or what constitutes academic misconduct in this
course, please contact me. Other sources of information on academic misconduct (integrity):
The Committee on Academic Misconduct and Student Affairs:
www.oaa.osu.edu/coam/home.html
www.studentaffairs.osu.edu/resource_csc.asp
Ten Suggestions for Preserving Academic Integrity:
www.oaa.osu.edu/coam/ten-suggestions.html
Eight Cardinal Rules of Academic Integrity:
www.northwestern.edu/uacc/8cards.html
Tutoring Services:
The Department of Economics runs the Economics Learning Center, where advanced
undergraduates provide free tutoring for students in Economics 2001, 2002, 4001, and 4002.
Assistance with other classes is frequently available. The Economics Learning Center is located in
311 Arps Hall (1945 North High Street) and is typically open from 9AM—5PM Monday—Friday
starting the second (full) week of the semester. Note that the purpose of the tutoring center is not
to provide answers to assignments, but to help students learn economics. As the student, you are
ultimately responsible for all course work you submit.
Office for Disabilities Services:
“Any student who feels she/ he may need accommodation based on
the impact of a disability should contact the instructor privately to
discuss your specific needs. Please contact the Office for Disability
Services at 614/ 292-3307 in 150 Pomerene Hall to coordinate
reasonable accommodations for students with documented
disabilities.”
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