Principles of Macroeconomics
ECON 1101 Summer I 2010
Department of Economics, Temple University
Instructor: James Bailey
Email: JBailey@temple.edu
Class Location: Speakman Hall 212
Office Location: Ritter Annex 626
Class Time: MTWR 10:45-12:15
Office Hours: MW 1:00-2:00
Required Textbook: Macroeconomics- M. Parkin (3rd custom Ed.- Temple University)
Prerequisites: Basic Algebra
Disability Statement: This course is open to all students who meet the academic
requirements for participation. Any student who has a need for accommodation based on
the impact of a disability should contact the instructor privately to discuss the specific
situation as soon as possible. Contact Disability Resources and Services at 215-204-1280
in 100 Ritter Annex to coordinate reasonable accommodations for students with
documented disabilities.
Statement on Academic Freedom: Freedom to teach and freedom to learn are inseparable facets of academic freedom. The University has adopted a policy on Student and
Faculty Academic Rights and Responsibilities (Policy #03.70.02) which can be accessed
through the following link: http://policies.temple.edu/getdoc.asp?policy_no=03.70.02.
Course Goals: The course should provide students with an introduction to basic
economic principles and their application to macroeconomic subjects.
General Course Information:
Attendance is not mandatory, but you need to come to class and do the reading in order to
keep up. It is easy to fall behind in a six-week course.
Makeup exams will only be given if satisfactory proof (e.g. a doctor’s note) is given of a
student’s illness or other extenuating circumstances.
Cell phone use is not permitted during exams.
Grade Scale: A 90-100; A- 87-90; B+ 84-87; B 80-84; B- 77-80; C+ 74-77; C 70-74; C67-70; D+ 64-67; D 60-64; D- 57-60; F below 56
Course Grade:
Assignments 25%
Test 1
25%
Test 2
25%
Test 3
25%
Course Outline*:
Dates Topic
Readings
5/17
Introduction
Ch 1
5/18
What is Economics
Ch 1
5/19
The Economic Problem
Ch 2
5/20
Supply and Demand
Ch 3
5/24
Supply and Demand
Ch 3
5/25
GDP & Economic Growth
Ch 4
5/26
Monitoring Jobs and Inflation
Ch 5
5/27
Ch 1-5
Test 1
5/28
Last Day to Drop
5/31
Memorial Day; No Class
6/1
Economic Growth
Ch 6
6/2
Finance, Saving, Investment
Ch 7
6/3
Money and Inflation
Ch 8
6/7
International Finance
Ch 9
6/8
Aggregate Supply and Demand
Ch 10
6/9
Review
Ch 6-10
6/10
Ch 6-10
Test 2
6/14
The Multiplier, Withdrawl Deadline Ch 11
6/15
The U.S. Business Cycle
Ch 12
6/16
Fiscal Policy
Ch 13
6/17
Monetary Policy
Ch 14
6/21
Monetary Policy
Ch 14
6/22
International Trade
Ch 15
6/23
International Trade
Ch 15
6/24
Review
Ch 15
6/28
Test 3
Ch 11-15
* The course outline is subject to change; the most updated copy will be on Blackboard
** All chapters refer to the required textbook
“The ideas of economists and political philosophers, both when they are right and when
they are wrong, are more powerful than is commonly understood. Indeed the world is
ruled by little else. Practical men, who believe themselves to be quite exempt from any
intellectual influence, are usually the slaves of some defunct economist.” –John Maynard
Keynes