FORDHAM UNIVERSITY
SUMMER SESSION
BASIC MACROECONOMICS
ECON 1100-W11
DR. ROBERT BATEMARCO
SUMMER SESSION 1 2015
Telephone: (914) 960-8548
Time: Tuesday/Wednesday/Thursday 6:00-9:00 PM
Email: rbatemarco@fordham.edu
Room: TBA
Investment, GDP, interest rates, the budget deficit, inflation, unemployment, banking,
monetary, and fiscal policies and exchange rates appear frequently in the media, but
are often little understood. Macroeconomics studies these aggregates and their
interconnections and looks as well at the influence of the Federal Reserve and the
federal government.
Because it looks broadly at the overall economy, macroeconomics has importance in
government, politics, trade, industry, and every other field that deals with monetary
regulations.
LEARNING OBJECTIVES
Upon successful completion of this course, the student will be able to:
A. Use the aggregate demand and aggregate supply models to analyze the three basic
macroeconomic problems: business cycle, unemployment, and inflation/deflation,
B. Distinguish various macroeconomic policies that may stabilize the economy,
C. Understand the structure of Keynesian economics and key critiques of it
D. Understand how our monetary system works,
E. Identify the sources of economic growth,
F. Understand how the U.S. economy affects and is affected by economic activities in
other countries.
COURSE TEXTBOOK
Macroeconomics: Private and Public Choice, Gwartney, Stroup, Sobel and MacPherson
15th ed., South-Western, CENGAGE Learning, 2015 (ISBN - 9781285453545).
We will use Aplia for homework assignments. You have to order the book online and
order Aplia with it. The Aplia ISBN to accompany the hard copy book is
9781285857367. The ISBN for an e-book with Aplia is 9781305383357. Go to the last
page of the syllabus for how to order the book.
OUTLINE OF TOPICS AND READINGS
May 26 – Review of Basic Economic Concepts and Models (Chapters 1 and 2)
May 27 – Review of Demand, Supply and Market Equilibrium (Chapters 3 and 4)
May 28 – Problem Areas for the Market and Government Attempts to Deal with Them
(Chapters 5 and 6)
June 2 – Measurement of Key Economic Indicators (Chapters 7 and 8 and Appendix A)
June 3 – Basic Macroeconomic Markets and Causes of Instability (Chapters 9 and 10)
June 4 – Keynesian Economics and Fiscal Policy and Review for Mid-Term (Chapter 11
and Special Topics 1 and 5)
June 9 – Mid-term Exam
June 10 – Alternatives to Keynesian Economics (Chapter 12)
June 11 – The Monetary and Financial System (Chapter 13 and Special Topic 3)
June 16 – Business Cycles and Stabilization Policies (Chapters 14 and Special Topics 4
and 6)
June 17 – Expectations and Their Impact on Stabilization Policies (Chapter 15 and
Special Topic 7)
June 18 – Prerequisites for Long-Term Growth and Prosperity (Chapter 16)
June 23 – International Trade (Chapter 18)
June 24 - International Finance (Chapter 19) and Review for Final Exam
June 25 – Final Exam
COURSE REQUIREMENTS, GRADING AND ATTENDANCE
The final grade will be determined on the basis of 1) the best 10 of 12 one-question
quizzes at the beginning of class, 2) a midterm exam, 3) a final exam and 4) the
problems assigned from Aplia, the online application you will have access to during the
course. Of these, your best grade will be weighted 40%, your second best 30%, your
third best 20% and your worst will be weighted 10%. The midterm exam will be given
midway through the semester (during the seventh class), and the final exam is
scheduled for the assigned date in the Final Exam period.
The instructor should be informed, when possible, in advance of impending absences
from lectures for health or business reasons. Absences from scheduled examinations
can only be excused with some kind of documentation and will have to be made up at
the soonest convenient time.
ACADEMIC INTEGRITY
A student who falsifies or copies an assignment, term paper or examination will be
subject to failure in the course. Dishonest behavior includes, but is not limited to:
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Using unauthorized material in an examination
Aiding or permitting another student to copy an assignment, term paper or
examination
Plagiarism
Please refer to the Manhattan College website for more information on Academic
Integrity and Discipline procedures.
How to access your Aplia course
ECON 1100 - Basic Macroeconomics
Instructor: Robert Batemarco
Course Key: HTXG-ATBC-7APB
Start Date: 05/25/2015
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