Summer 2011 COURSE TITLE: Introductory Macroeconomics COURSE NUMBER: Economics 120 INSTRUCTOR: Dr. James Devine, 4227 U-Hall, phone: 8-2948, [email protected] COURSE DESCRIPTION/PRINCIPAL TOPICS COVERED: Introduction/review of basic economics. Analysis of the behavior of the national economy as a whole, together with such issues as the determination of gross domestic product, the unemployment rate, the inflation rate, interest rates, and the long-term economic growth rate. In addition, global issues such as the role of the exchange rate and the balances of trade and payments will be discussed. STUDENT LEARNING OUTCOMES: At the end of this course, students should demonstrate a solid understanding of modern macroeconomics at the introductory level. They should be able to think analytically using both verbal and quantitative tools applied in this course to solve both theoretical as well as practical (real-world) problems. They should appreciate the importance of economics in human endeavors and the value of rigorous economic training for evaluating social phenomena. PREREQUISITES/RECOMMENDED BACKGROUND: None, except reading, writing, and 'rithmetic. REQUIRED TEXTS/REFERENCES: Krugman & Wells, Macroeconomics, newest edition. plus: photocopied readings on library reserve and class hand-outs. COURSE WORK/EXPECTATIONS: Lectures, discussions, homework. Three exams. COMMENTS: This course is required for the economics major and for business majors.