Dr. Jason C. Rudbeck Syllabus—Spring 2016 Economics 2105 Principles of Macroeconomics 11:15 – 12:05 AM M/W/F 213 Correll Hall Office: 514 Brooks Hall Office Ph.: 706-542-3186 Office Hours: 3:40 – 4:40 M/W (except exam days and finals week) and by appointment E-Mail: [email protected] Website: http://www.liquidearth.org Course Description: Explanations of economic growth and the business cycle, aimed at shedding light on economy-wide problems such as inflation and unemployment, with special attention to the role played by monetary and fiscal policies. Prerequisites: None. eBook/LMS: See http://liquidearth.org/econ2105.htm Attendance: Roll is not taken, but attendance is encouraged. Students who attend lectures tend to make better grades, but attendance is at the discretion of the student. I will help students who attend lectures outside of class, but I do not re-lecture material during office hours because of an absence. Please obtain notes from another student if you must miss class. Contacting Me: The best way to contact me is through email (not eLC) or during office hours. Because I teach hundreds of students, I allocate class time and office hours to homework/test questions and cannot answer these individually by email. This also applies to questions I have already answered in class, on my syllabus, or on my website. Grades: Your final grade is determined based on your performance (not need) on four exams, including the final exam, and online homework. Exams 1, 2 and 3 are each worth 20%, the final exam 30%, and online homework 10% of your final grade. I do not offer extra credit or accommodate requests asking me to deviate from the standards set forth on my syllabus. Letter grades are determined as follows (I do not use plus-minus grading): A (90-100) B (80-89) C (70-79) D (55-69) F (<55) Missed-Exam Policy: I do not have the resources to offer make-up exams. Therefore, you may miss an exam for any reason, excluding the final exam, and its entire weight is shifted to the final exam. For example, if you miss exam #2, the final exam is worth 50% of your final grade. Once you take an exam, I do not drop it. Course Outline: Date Workdays Date Holidays 1/11 – 2/8 2/10 Introduction, Chapters 1 – 2, 4, 6 – 7, 15 Exam #1 (Wednesday) 1/18 MLK Day 3/7 – 3/11 Spring Break 2/12 – 3/18 3/21 Chapters 9 – 11, 13 – 14, 16 Exam #2 (Monday) 3/23 – 4/25 4/27 Chapters 17 – 23 Exam #3 (Wednesday) 4/29 – 5/2 Go Over Exam #3, Wrap-Up, Evaluations Final Exam (visit http://reg.uga.edu/calendars/final-exam-dates/finalExamDatesSpring2016 for day and time) 5/4 – 5/10 Note: 3/22 is the Midpoint Withdrawal deadline. Because the university has shifted this day to earlier in the semester, I will email students the Exam #2 curve this same day. Chapter Outline: Chapter 1 2 3 4 5 6 7 9 10 11 13 14 15 16 17 18 19 20 21 22 23 Topical Area Ten Principles of Economics Thinking like an Economist Interdependence and the Gains from Trade The Market Forces of Supply and Demand Elasticity and Its Application Supply, Demand, and Government Policies Consumers, Producers, and the Efficiency of Markets International Trade Measuring a Nation’s Income Measuring the Cost of Living Saving, Investment, and the Financial System The Basic Tools of Finance Unemployment and Its Natural Rate The Monetary System Money Growth and Inflation Open-Economy Macroeconomics A Macroeconomic Theory of the Open Economy Aggregate Demand and Aggregate Supply The Influence of Monetary and Fiscal Policy on Aggregate Demand The Short-Run Tradeoff between Inflation and Unemployment Five Debates over Macroeconomic Policy Students with Disabilities: Appropriate accommodations will be made for students with disabilities that are documented by the Disability Resources Center (DRC). Students must present a letter stating that the disability has been documented and requesting the specific accommodations before the third week of classes. Academic Honesty: As a University of Georgia student, you have agreed to abide by the University’s academic honesty policy, “A Culture of Honesty,” and the Student Honor Code. All academic work must meet the standards described in “A Culture of Honesty” found at: www.uga.edu/honesty. Lack of knowledge of academic honesty policy is not a reasonable explanation for a violation. Questions related to course assignments and the academic honesty policy should be directed to the instructor. Tutoring Services: Milledge Academic Center provides free tutoring to all students for ECON 2105, 2106, and other classes. This is an excellent resource that not all universities provide. More information is available at http://www.uga.edu/dae/services/tutoring/tutoring_index.html. Frequently Asked Questions: More detailed information on specific questions I commonly receive is listed on my website under the Frequently Asked Questions section. The course syllabus is a general plan for the course; deviations announced to the class by the instructor may be necessary.