Fox School of Business
Temple University Main Campus
Economics C051 Section 007: Macroeconomic Principles
Spring 2007
Instructor: Karen Campbell
Phone: 215-204-8167
Office: Ritter Annex 832
Office Hours: T-TH 10:15 am – 11:15 am, Tues 4:30 pm – 5:30 pm, Thurs 4:30-6:30 or by appointment
Email: karen.campbell@temple.edu
Email Hours: E-mail questions will be answered as frequently as possible.
Class Time: T-TH 2:40 – 4:00
Classroom: Barton 102
This course presents an introduction to Macroeconomics. Topics include the market system, supply and
demand, GDP, employment, aggregate supply, aggregate demand, inflation, money, and monetary and
fiscal policy. There will be an emphasis on developing critical thinking and analysis skills as a
foundation for upper level course work.
Course Prerequisite: Algebra I
Required Materials
Textbook: Macroeconomics, 7th ed., Michael Parkin, Addison/Wesley Publishers, 2004. Book
includes CD disk & access to website quizzes, study guide, additional reading material.
Course Compass/MyEconLab account (comes with new textbook purchase or can be purchased
at www.coursecompass.com which includes an electronic copy of the textbook.)
Calculator: A non-programmable calculator is necessary for exams and homework.
Suggested Materials
Temple Blackboard (tuportal.temple.edu):
Announcements and grades will be posted on Blackboard.
Daily reading of a quality newspaper and periodicals such as The Wall Street Journal, The New York
Times, as well as Business Week, with the basic concepts of the textbook in mind will greatly enhance
your utility from this course. The Economics Department now maintains a website with links to a wide
variety of current sources of economic information on the web: http://www.econ.temple.edu.
Grading (approximate weights)
1.
2.
3.
4.
Homework
News Assingments
Midterm
Final Exam
25%
25%
25%
25%
100%
Homework Grading and Assignments






Homework: There are eleven (11) online graded Problem sets due weekly starting the second full
week (see schedule below). One homework set will be dropped.
Students are permitted to work together on homework assignments. However, each student must
submit his/her own work each week online. Because it is online, late assignments will not be
accepted.
Quizzes: There will be a periodic pop quizzes. These quizzes cannot hurt your grade but can add
bonus points to homeworks or tests. Answers must be legible to receive credit. There are no makeups for missed quizzes.
Participation: This class will be interactive. Students will be encouraged to be proactive in their
learning.
News Assignments: These assignments will develop over the semester. Initially students will be
given current news articles and asked to answer questions relevant to the chapter(s) covered to that
point. This will help students develop a critical understanding of current events from an economic
perspective. As the students economic skills increase, the assignment will be to find a news article
and come up with relevant economic questions. Finally the students will be asked to find a news
article and analyze it from an economic perspective by asking and then answering their economic
questions associated with the article.
Extra Credit: There is NO extra credit. Please don’t ask. Keep up with the homework and be ready
for pop quizzes!
Exams and Final Exam Grading



Questions are based on assigned textbook readings, homework problems and class lectures.
You are responsible for concepts that are assigned in the readings even if they are not explicitly
covered in class.
No make up exams will be administered except with formal evidence of a dire excuse such as
your hospitalization on or before the day of the exam is provided. For the final exam, I must be
contacted prior to submitting the grades to the University (which typically occurs two days
after the final exam) with written documentation. Any student with permission to take a make-up


exam will have an all essay exam. Students who do take not take an exam and do not have acceptable
written documentation will receive a zero on the exam.
Cell Phones are not permitted as use as a calculator during exams or the final. There will be no
exceptions to this rule!
I have a zero tolerance policy for cheating or the appearance of cheating on exams. This will
result in an automatic F for the course.
Additional Course Policies and Resources
1.
2.
3.
4.
Be courteous and respectful towards your classmates.
Turn off cell phone ringers before entering the classroom.
Regular attendance, participation and strong effort can increase your final course grade.
Ask questions! There are no stupid questions. If you have a question, chances are at least one of
your classmates has the same question.
5. Economic concepts build. Stay on top of the reading early and make sure you understand the
beginning material. This will go a long way towards your success in this course!
6. Tutoring Center: There is a Economics tutoring center in Ritter Annex 626. It is open M-F 10am –
3pm. No appointment is necessary. Please utilize this valuable help. They will not do your
homework for you but they will explain concepts to you and help you figure out where you have gone
wrong. Do not wait until exam time to visit them.
7. Course Compass: This has a number of tutorials, self-tests and practice problems that you can do.
This is great to help you study for exams and practice before you do the graded homework.
Disability Disclosure
Any student who has a need for accommodation based on the impact of a disability should contact me
privately to discuss the specific situation as soon as possible or contact Disability Resources and Services
at 215-204-1280 in 100 Ritter Annex, Main Campus, which coordinates reasonable accommodations for
students with documented disabilities.
Rights of Student and Faculty
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
Important Dates
Spring semester begins
Diploma date
Last day to drop a course
Spring Semester 2007
Tuesday, January 16
Friday, January 26
Monday, January 29
Deadline for application for May graduation
Spring recess begins
Classes resume
Registration begins (Summer Sessions)
Registration begins (Fall Semester)
Last day to withdraw from graduate and
undergraduate courses
Classes end
Study days
Final examinations
Commencement
Thursday, February 15
Sunday, March 4
Monday, March 12
Monday, March 12
Monday, March 19
Monday, March 26
Monday, April 30
Tuesday, May 1 - Wednesday, May 2
Thursday, May 3 - Wednesday, May 9
Thursday, May 17
Course Schedule*
Reading
Homework
Topic
1
Tuesday, Jan 16
Chapter 1
2
Thursday, Jan 17
Chapter 2
What is Economics
The Economic Problem
3
Tuesday, Jan 23
Chapter 3
4
Thursday, Jan 25
Chapter 3
Demand & Supply
Bring news article to class
5
Tuesday, Jan 30
Chapter 4
A First Look at Macro
6
Thursday, Feb 1
Chapter 4 & 5
GDP & Growth
7
Tuesday, Feb 6
Chapter 5
GDP & Growth
8
Thursday, Feb 8
Chapter 5
Bring news article to class
9
Tuesday, Feb 13
Chapter 6
10
Thursday, Feb 15
Chapter 6 & 7
11
Tuesday, Feb 20
Chapter 7 & 8
12
Thurday, Feb 22
Chapter 8
13
Tuesday, Feb 27
Monitoring Cycles, Jobs & the
Price Level
Monitoring & Aggregate Supply &
Demand
Aggregate Supply & Demand, Full
Employment
Bring news article to class
Read Chap. 1 & 2
Read Chp 3
Do practice problem set
on CC* due 1/22
Chapter 3 news article
Read chp 4
Work on Problem Set 1:
CC: due 1/29
Read Chp 5
Chapter 4 and 5 news
article
Read chp 4 and 5
Work on Problem Set 2:
CC: due 2/5
Chapter 4 & 5 news
article
Read chp 6
Work on Problem Set 3:
CC due 2/12
Read Chapter 7
Read chp 8
Work on Problem Set 4:
CC due 2/20
Chapter 6, 7 or 8 news
article
Work on Problem Set 5:
CC due 2/26 Study for
mid-term
Study for mid-term
Mid-term review
14
Thursday, Mar 1
Midterm
Read chp 9
Chapters 1 – 8
15
Tuesday, Mar 13
Chapter 9
Thursday, Mar 15
Chapter 9
Economic Growth
Bring news article to class
Chapter 9 news article
Read chp 10
Work on Problem Set 6
due 3/19
Tuesday, Mar 20
Chapter 10
Thursday, Mar 22
Chapter 10 &
11
Tuesday, Mar 27
Chapter 11
Thursday, Mar 29
TBA
Money, Banks and the Federal
Reserve
M, B, Fed and Money Interest…
Money, Interest, Real GDP and the
Price Level
News article
Tuesday, Apr 3
Chapter 12
Read Chapter 11
Work on Problem Set 7
due 3/26
Chapter 10 and 11 news
article
Read Chp 12
Work on Problem Set 7:
CC due 4/2
Read Chapter 14
Inflation
Thursday, Apr 5
Tuesday, Apr 10
Chapter 12 &
14
Inflation, Business Cycle
Chapter 14
The Business Cycle
Thursday, Apr 12
Chapter 14
Bring news article to class
Tuesday, Apr 17
Chapter 15
Work on Problem Set 8:
CC due 4/11
Chapter 12 or 14 news
article
Read chp 15 & 16
Work on Problem Set 9:
CC due on 4/16
News article any chapter
Fiscal Policy
Thursday, Apr 19
Chp 16
Monetary Policy
Tuesday, Apr 24
Chapter 17
Read Chp 17
Work on Prob set 10: CC
due 4/23
News article any chapter
Trading With the World
Thursday, Apr 26
Review
Bring news article to class
Thursday, May 8
Final Exam
2am-4pm
Read Chp 17
Work on Problem set 11:
CC due on 4/30
Study
Chapters 9-17
Note: The material covered on this syllabus is subject to change at the discretion of the instructor.
*CC stands for Course Compass