Principles of Macroeconomics ECON 10020/20020 - section 01
Spring 2015
Eva Dziadula, PhD
447 Flanner Hall
574-631-0424
E-mail: Eva.Dziadula.1@nd.edu (please include course name and section number –Macro 01)
http://www3.nd.edu/~edziadul/home.htm
Meeting times: Tuesdays, Thursdays 9:30 – 10:45am, DeBartolo Hall 140
Prof. D’s office hours in 447 Flanner Hall: Wed 9-11am & 1-3pm, also by appointment.
Make an appointment – click or paste the following link in your browser:
https://www.google.com/calendar/selfsched?sstoken=UUlBTXJSaG56dlAtfGRlZmF1bHR8OD
QwN2Q0M2U5OTNhZDRjYmVhM2I2ODA4ZWU0ODAyZjk
Teaching Assistant: Linh Nguyen (email: Linh.M.Nguyen.179@nd.edu)
Office hours: Wednesdays 7-9pm in 313 Mowbray Hall
Course description:
A continuation of introduction to economics with emphasis on the measurement of national
economic performance, alternative explanations of short-run economic fluctuations and long-run
economic growth, money and credit, fiscal and monetary policy.
Statement of Purpose:
What is Macroeconomics? Macroeconomics is the study of the economy as a whole, including
topics such as inflation, unemployment, and economic growth. How does is affect us? Do we
spend or do we save our money right now? Are we really getting a raise when our hourly wage
increases? Should we be buying things made in the US to support our economy? Hopefully, the
knowledge you will gain in this course will prove to be useful throughout your career.
Goals:
Upon successful completion of this course students will be able to interpret basic
macroeconomic measures such as gross domestic product (GDP), unemployment, and inflation.
Students will be able to identify the key features of the financial system and be able to assess its
role in the economy. They will also be able to demonstrate the importance of savings and
investment for long term growth, and will be able to use macroeconomic models to evaluate the
impact of fiscal and monetary policy. Students will be able to distinguish foreign exchange
markets and determine the impact of monetary policy, currency manipulation, and trade barriers
on international trade.
Text required:
Principles of Macroeconomics, 5th edition, by Glenn Hubbard and Anthony O’Brien
Purchasing Option 1: E-book and homework system
NEW MyEconLab with Pearson eText -- Access Card -- for Macroeconomics, 5/e
Hubbard / O'Brien. ISBN: 0133456579 | 9780133456578
OR
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I reserve the right to resolve any remaining ambiguities, to revise this schedule as needed,
or other relevant requirements or aspects of this course.
Purchasing Option 2: Three hole punch book and homework system (with free e-book)
Macroeconomics, Student Value Edition Plus NEW MyEconLab with Pearson eText
Access Card Package, 5/e Hubbard / O'Brien. ISBN: 0133827194 | 9780133827194
Course grade:
I will calculate your final grade using the two methods outlined and you will earn the higher of
the two based on the following scale: 92%<A, 90%<A-, 88%<B+, 82%<B, 80%<B-, 78%<C+,
72%<C, 70%<C-, 60%≤D, 60%>F. Grades, including final grades, are calculated to two
decimal places and will be rounded to two decimal places.
Method 1:
My EconLab - homework & participation (lowest score is dropped)
6%
My EconLab - online quiz (lowest score is dropped)
7%
Written homework (lowest score is dropped)
7%
Midterm exams (25% each)
50%
Thursday 2/12 during regular class
Thursday 3/26 @ 8am (sorry) in DeBartolo 141
Comprehensive final examination: Wednesday 5/6 @ 1:45-3:45pm in TBA 30%
Method 2:
My EconLab - homework & participation (lowest score is dropped)
My EconLab - online quiz (lowest score is dropped)
Written homework (lowest score is dropped)
Midterm exams (lower score 5%, higher score 25%)
Comprehensive final examination:
6%
7%
7%
30%
50%
* If you miss an exam due to reasons other than university excused absences, including oversleeping the
exam, you will earn a zero. There will not be any make-up tests administered except in the case of reasons
supported by the university.
My EconLab (online quiz/homework/participation/discussion board/announcements/gradebook):
Please, register using your NetID version of your email (for me it would be edziadul@nd.edu,
NOT Eva.Dziadula.1@nd.edu) and please use your full name, as it appears on insideND.
Instructions and course ID necessary for registration are included at the end of the syllabus.
This system will be used for online homework assignments, mini quizzes and to keep track of
attendance via participation during class with Learning Catalytics.
For online quizzes, you must complete the assignment in one attempt and you will have one hour
to do so. For online homeworks, you are allowed unlimited attempts for practice and there is no
time limit. You must complete all assignments by the due date to receive full credit. Late
homeworks will earn half the credit, quizzes cannot be submitted after the due date.
Class Facebook page: “Prof. D’s Macro ND” – totally optional, I will occasionally post stories
related (and sometimes unrelated :) to the material and you can use the site to post questions as
well.
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I reserve the right to resolve any remaining ambiguities, to revise this schedule as needed,
or other relevant requirements or aspects of this course.
Expectations:
- Participate! It will make it a lot more fun (for me, too) and you’ll learn a lot more.
- Ask questions! I want the time you spend in the classroom to be the most productive, so make
sure you understand as we go through the material. Don’t wait.
- Please respect your classmates and me. Everyone has a right to voice an opinion.
- There will be additional material presented in class that is not covered in your text and we will
also work through in-class exercises. Attendance is expected and will be reflected in your
Learning Catalytics participation score.
- There will not be any make-up tests administered except in the case of reasons supported by the
university.
- The general rule is that for each hour spent in class, there are 2 hours of work outside of class.
We will meet for 2.5 hours each week. Therefore, you should expect to spend about 5 hours a
week on assigned problems and readings.
- Within MyEconLab with Pearson, you can access the syllabus as well as additional
documents/readings. You can monitor your scores under the Results tab. Please follow those
closely, so that we can address any discrepancies right away.
- Feel free to come to my office hours or email me for a more convenient time. Also, take
advantage of the TA’s office hours. We are here to help!
Preparing for exams:
Your Pearson MyEconLab includes access to mini lecture videos for each chapter and you
should keep up with the Study Plan, it’s a great practice resource!
Practice solving problems from the textbook. The ebook has additional interactive problems.
Review the homework assignments and quizzes on MyEconLab.
Review worksheets completed in class.
Complete the Dynamic Study Modules on MyEconLab.
I will also post practice exams in the Document Sharing on MyEconLab.
Honor Code:
The Code of Honor will be strictly applied as described in The Academic Code of Honor
Handbook. Students will not give or receive aid on exams. This includes, but is not limited to,
viewing the exams of others, sharing answers with others, and using books or notes while taking
the exam. You may work collaboratively on the homework. (http://honorcode.nd.edu/)
Disabilities:
Any student who has a documented disability and is registered with Disability Services should
speak with the professor as soon as possible regarding accommodations. Students who are not
registered should contact the Office of Disability Services (http://disabilityservices.nd.edu/)
Helpful websites:
1. This is a useful document on learning methods:
http://bigthink.com/neurobonkers/assessing-the-evidence-for-the-one-thing-you-never-gettaught-in-school-how-to-learn
2. The St. Louis Federal Reserve Bank has lots of useful links from flashcards to podcasts
and video lectures that may help. http://www.stlouisfed.org/education_resources/college/
3. St. Louis FRED: http://research.stlouisfed.org/fred2/
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I reserve the right to resolve any remaining ambiguities, to revise this schedule as needed,
or other relevant requirements or aspects of this course.
Tentative Course Outline
Topic:
Week 1
Intro to Macroeconomics, Micro review/ Gains from Trade,
Jan 13
Firms, the Stock Market, and Corporate Governance
Week 2
Comparative Advantage and the Gains from International
Jan 20
Trade
Week 3
Gross Domestic Product (GDP)
Jan 27
Week 4
Unemployment, Price Level and Inflation
Feb 3
Week 5
Economic Growth, The Financial System, Business Cycle
Feb 10
Midterm 1 (Thu 2/12 in class)
Week 6
Economic Growth, The Financial System, Business Cycle
Feb 17
Week 7
Long Run Economic Growth
Feb 24
Week 8
Aggregate Expenditure and Output in the Short Run.
Mar 3
Aggregate Demand-Aggregate Supply Model, Macro history
Week ~ Spring Break March 7-15
Mar 10
Week 9
Money, Banks, and the Federal Reserve System
Mar 17
Week 10 Monetary Policy
Mar 24
Midterm 2 (Thu 3/26 @ 8am in DeBartolo 141)
Week 11 Fiscal Policy
Mar 31
Week 12 Inflation, Unemployment, and Federal Reserve Policy
Apr 7
Week 13 Macroeconomics in an Open Economy
Apr 14
Week 14 The International Financial System
Apr 21
Week 15 Tuesday only – Catch up, Review
Apr 28
Comprehensive final examination: Wednesday 5/6@ 1:45-3:45pm
Readings:
Chapter 1, 2, 6
Chapter 7
Chapter 8
Chapters 9
Chapter 10
Chapter 11
Chapter 12, 13
Chapter 14
Chapter 15
Chapter 16
Chapter 17
Chapter 18
Chapter 19
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I reserve the right to resolve any remaining ambiguities, to revise this schedule as needed,
or other relevant requirements or aspects of this course.
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I reserve the right to resolve any remaining ambiguities, to revise this schedule as needed,
or other relevant requirements or aspects of this course.