Identification
Prerequisites
Language
Compulsory/Elective
Required textbooks and
course materials
Course website
Course outline
Course objectives
Learning outcomes
Teaching methods
Evaluation
Policy
Subject
(code, title, credits)
Department
Program
(undergraduate,
graduate)
Term
Instructor
E-mail:
Phone:
Classroom/hours
ECON 202 Principles of Macroeconomics - 3KU/6ECTS credits
Economics and Management
Undergraduate
Fall 2015
Jeyhun Mammadov
jmammadov@khazar.org
41 Mehseti str.(Neftchilar campus), Khazar University,
Room # 408, Monday 12:10 – 15:00
Wednesday, 14:00 to 16:00 in office 406 or by appointment
Office hours
MATH 101 Calculus /ECON 201 Principles of Microeconomics
English
Compulsory
N. Gregory Mankiw. “Principles of Macroeconomics” 6th edition 2012
The course provides an understanding of the analytic methods of macroeconomics. Students
should examine models explaining fluctuations in national income, unemployment, price levels,
GNP, monetary issues, limitations and applications of these models.
To equip the students with the main principles and methods of macroeconomics.
Upon successful completion of the course, students will be able to describe the concepts and
measurement of gross domestic product, unemployment, and inflation; the relationship between
unemployment and inflation; the mechanism of money supply; the difference between business
cycles and economic growth; the concept of macroeconomic equilibrium; explain the model of
aggregate demand and aggregate supply and the determination of equilibrium price and output
in different time horizons; analyze how the government uses fiscal policy and monetary policy
to maintain economic stability.
x
Lecture
x
Group discussion
x
Experiential exercise
x
Case analysis
Simulation
Course paper
Others
Methods
Date/deadlines
Percentage (%)
25
Midterm Exam
Case studies
10
Class Participation
25
Assignment/ quizzes (two
assignments and four
quizzes of equal weight)
Project
Presentation/Group
Discussion
40
Final Exam
Others
100
Total
Attendance:
The students are required to attend all classes as part of their studies and those having legitimate
reasons for absence (illness, family bereavement etc) are required to inform the instructor.
Generally, four (4) unauthorized absence marks will lead to the students’ expulsion from the
course.
Week
Tardiness/ other disruptions
Date/Day
(tentative)
1
2
14.09.15
21.09.15
3
4
5
6
28.09.15
05.10.15
12.10.15
19.10.15
7
8
9
10
26.10.15
02.11.15
09.11.15
16.11.15
11
12
23.11.15
30.11.15
13
14
15
07.12.15
14.12.15
21.12.15
If a student is late to the class for more than ten (10) minutes, s/he is NOT allowed to enter and
disturb the class. However, this student is able to enter the second double hours without
delaying.
Preparation for class
The structure of this course makes your individual study and preparation outside the class
extremely important. The lecture material will focus on the major points introduced in the text.
Reading the assigned chapters and having some familiarity with them before class will greatly
assist your understanding of the lecture. After the lecture, you should study your notes and work
relevant problems from the end of the chapter and sample exam questions.
Throughout the semester we will also have a large number of review sessions. These review
sessions will take place during the regularly scheduled class periods.
Withdrawal (pass/fail)
This course strictly follows grading policy of the School of Economics and Management. Thus,
a student is normally expected to achieve a mark of at least 60% to pass. In case of failure,
he/she will be referred or required to repeat the course the following term or year. For referral,
the student will be required to take examination scheduled by instructor.
Assignments/quizzes
There will be minimum three quizzes and two assignments. Quizzes and home assignments will
constitute 25 percent of the final grade. Makeup quizzes will not be given except in the case of
dire emergency.
Cheating/plagiarism
Cheating or other plagiarism during the Quizzes, Mid-term and Final Examination will lead to
paper cancellation. In this case, the student will automatically get zero (0), without any
considerations
Professional behavior guidelines
The students shall behave in the way to create favorable academic and professional
environment during the class hours. Unauthorized discussions and unethical behavior are
strictly prohibited.
Tentative Schedule
Topics
Textbook/Assignments
The data of Macroeconomics
Measuring a nation’s income
Measuring the cost of living
The real economy in the long run
Production and growth
Saving, investment and the financial system. Quiz 1
The basic tools of finance.
Unemployment
Money and prices in the long run
The monetary system. Quiz 2
Ch. 10
Ch. 11
Ch. 12
Ch. 13
Ch. 14
Ch. 15
Ch. 16
Midterm Exam
Holiday
Money growth and inflation
The macroeconomics of open economies
Open-economy macroeconomics: basic concepts
A macroeconomic theory of the open economy
Short-run economic fluctuations
Aggregate demand and aggregate supply. Quiz 3
The influence of monetary and fiscal policy on aggregate demand
Short-run trade-off between inflation and unemployment. Debates
over macroeconomic policy. Quiz 4
Final Exam
This syllabus is a guide for the course and any modifications to it will be announced in advance.
Ch. 17
Ch. 18
Ch. 19
Ch. 20
Ch. 21
Ch. 22, 23