INTRODUCTION TO MACROECONOMICS
ECO1102 C
SERGE NADEAU
WINTER 2009
Course schedule: Monday from 19:00 to 22:00
Course location: ART 026
Office: DMS 10114
Office hours: Monday 17:00-18:30 and Wed. 10:00-12:00 (or by appointment)
Telephone: (613) 562-5800 Ext. 4868
E-mail: snadea2@uottawa.ca
Assistant: To be determined
OFFICIAL COURSE DESCRIPTION
Macro versus micro. National accounting. Components of aggregate demand. National income
determination and multiplier theory. Keynesian cross. Business cycles and economic instability. Fiscal
policy. Money and monetary policy. Banking system. Unemployment and inflation. Controversies over
stabilization policy. Canadian macroeconomic policy. Comparative advantage. This course cannot be
combined for credits with ECO1302.
GENERAL COURSE OBJECTIVES
Economics 1102 introduces the student to the basic concepts of macroeconomic analysis and the ways
they are applied in real world situations. We will study the determinants of a number of macroeconomic
variables including inflation, unemployment and long-term growth. We will also study macroeconomic
policy responses.
This course complements Economics 1104 (Introduction to Microeconomics) and is a prerequisite for
many courses in Economics numbered 2000 and above.
EVALUATION
APLIA problem sets
First midterm exam
Second midterm exam
Final exam
10% (your problem set with the lowest mark will be dropped)
20% (week of February 9—in class; last day to drop a course without
receiving a grade is March 2)
20% (week of March 23—in class)
50% (during the scheduled final examination period—April 14 to April
30)
Absence from an examination
You can miss one of the midterm exams without justification. However absence from a second
midterm exam or the final exam must be justified; otherwise, a penalty will be imposed. The Faculty
reserves the right to accept or reject the reason offered. Third-party evidence will be required. For
example, medical certificates will have to be validated by the University of Ottawa Health Service on
the 3rd Floor of 100 Marie Curie and will have to be forwarded (e.g., faxed) to me at (613) 562-5999.
Reasons such as travel, employment, and misreading the examination schedule are not usually accepted.
If you miss a midterm exam, then the weight will be added to the final exam. For example, if you miss
the first midterm exam, then the final exam will count for 70% of your final grade.
Introduction to Macroeconomics (ECO1102 C)
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TEXTBOOK
Principles of Macroeconomics: 4TH Canadian edition, by Mankiw, Kneebone, McKenzie and Rowe
(MKMR), which is available through the campus bookstore and on reserve at the Morisset library.
There is an accompanying study guide authored by Manouchehri and Fortura that should be purchased.
Options for purchases of course materials:
Three options:
• E-book option contains textbook plus APLIA but no study guide, all in digital version for $75
directly from APLIA (see Annex).
• Hardcopy Textbook plus APLIA plus study guide for about $140.
• If you buy a second-hand version of the textbook, you will still have to obtain access to APLIA
for $75.
CLASS NOTES
Sketched class notes (e.g., power point slides) will be posted the day before classes on Virtual Campus.
COURSE OUTLINE
Topic
Reading
Part 1: Introduction*
Ten Principles of Economics
MKMR, Chap. 1
Thinking like an Economist
MKMR, Chap. 2
Interdependence and the Gains from Trade
MKMR, Chap. 3
Part 2: Supply and Demand I : How Markets Work
The Market Forces of Supply and Demand
MKMR, Chap. 4
Part 3: The Data of Macroeconomics
Measuring a Nation’s Income
MKMR, Chap. 5
Measuring the Cost of Living
MKMR, Chap. 6
Part 4: The Real Economy in the Long Run
Production and Growth
MKMR, Chap. 7
Saving, Investment, and the Financial System
MKMR, Chap. 8
FIRST MIDTERM
Unemployment and its Natural Rate
MKMR, Chap. 9
Part 5: Money and Prices in the Long Run
The Monetary System
MKMR, Chap. 10
Money Growth and Inflation
MKMR, Chap. 11
Part 6: The Macroeconomics of Open Economies
Open-Economy Macroeconomics: Basic Concepts
MKMR, Chap. 12
SECOND MIDTERM
Part 7: Short-Run Economic Fluctuations
Aggregate Demand and Aggregate Supply
MKMR, Chap. 14
The Influence of Monetary and Fiscal Policy on Aggregate Demand (tentative) MKMR, Chap. 15
The Short-Run Tradeoff between Inflation and Unemployment (tentative)
MKMR, Chap. 16
Part 8: Final Thoughts
Five Debates over Macroeconomic Policy
MKMR, Chap. 17
*
Chapters 1 to 4 will not be covered in class since for many of you they will have been covered in
ECO1104. I still encourage you to read them. If you have any difficulty with these chapters, let me
know. I will try to organize a review session.
Introduction to Macroeconomics (ECO1102 C)
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LECTURE HALL ETIQUETTE
You are strongly encouraged—although not required---to attend all lectures.
If you choose to attend lectures:
•
•
•
Please arrive on time and please do not leave early. Late arrivals and early departures are
disruptive. If you know that you have to leave early, seat yourself near an exit.
Refrain from talking and/or fooling around while I am lecturing or answering questions.
Turn off all cellular telephones before entering the classroom.
STUDY TIPS
Read the material and practice, practice, practice. I would urge you to reserve at least six hours a week to
read the material (e.g., textbook chapters and notes) and do all the problems in the study guide and those
at the end of the chapters in the textbook (solutions to the problems in the study guide are provided in
the study guide; solutions to the problems at the end of the chapters in the textbook are on reserve).
Do not wait until a couple of days before the exams—you will be overwhelmed.
Beware of Academic Fraud!
Academic fraud is an act committed by a student to distort the marking of assignments, tests, examinations, and
other forms of academic evaluation. Academic fraud is neither accepted nor tolerated by the University. Anyone
found guilty of academic fraud is liable to severe academic sanctions.
Here are a few examples of academic fraud:
• engaging in any form of plagiarism or cheating;
• presenting falsified research data;
• handing in an assignment that was not authored, in whole or in part, by the student;
• submitting the same assignment in more than one course, without the written consent of the professors
concerned.
In recent years, the development of the Internet has made it much easier to identify academic plagiarism. The
tools available to your professors allow them to trace the exact origin of a text on the Web, using just a few
words.
In cases where students are unsure whether they are at fault, it is their responsibility to consult the University’s
Web site at the following address: http://www.socialsciences.uottawa.ca/eng/writing_tools.asp « Tools for
Writing Papers and Assignments ».
Persons who have committed or attempted to commit (or have been accomplices to) academic fraud will be
penalized. Here are some examples of the academic sanctions, which can be imposed:
• a grade of « F » for the assignment or course in question;
• an additional program requirement of between 3 and 30 credits;
• suspension or expulsion from the Faculty.
Last session, most of the students found guilty of fraud were given an « F » for the course and had between
three and twelve credits added to their program requirement.
For more information, refer to:
http://www.uottawa.ca/academic/info/newsletter/fraud_e.html
Introduction to Macroeconomics (ECO1102 C)
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ANNEX
Student Registration and Payment Instructions
Course Name: Macroeconomics (Mankiw) - Winter 2009
Start Date: 01/06/2009
Instructor: Serge Nadeau
Course Key: PMQS-84L4-PV6K
You can begin working on your homework as soon as you register!
• In this course, you will use a textbook and Aplia's website.
• In most cases, you can save money if you buy Aplia and your textbook together. See payment
options below.
• You will have access to a digital version of your textbook using Aplia.
Registration
If you have never used Aplia before...
1. Connect to http://www.aplia.com.
2. Click the New Student link and enter your Course Key: PMQS-84L4-PV6K. Continue following the
instructions to complete your registration.
If you have used Aplia before...
1. Connect to http://www.aplia.com.
2. Sign in with your usual e-mail address and password and enter your Course Key when prompted:
PMQS-84L4-PV6K. If you are not prompted for a new Course Key, click the Enter Course Key
button to enroll in a new Aplia course. Enter your Course Key when you are prompted.
* You will have different payment options after you register for your course. If you choose to pay later,
you can use Aplia without paying until 11:59 PM on 01/26/2009.
Payment
Option 1: Digital Textbook with Aplia Access
• From Aplia: Purchase access to your course from Aplia's website for $70.00 CAD.
Option 2: Physical Textbook with Aplia Access (also includes digital textbook)
• From Bookstore: Purchase an Aplia Access Card and a physical book together as a bundle
from your campus bookstore.
* If you purchased an Aplia Access Card from a bookstore, enter the Access Card's payment code on
Aplia's website as payment for your Aplia course.
* You will have access to your digital textbook up until the end of this course.
Introduction to Macroeconomics (ECO1102 C)
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