California State University, Sacramento
Economics 1A: Principles of Macroeconomics (Section 1)
Instructor:
Office Hours:
Email:
Office:
Class Web page:
Course Description:
Brian P. Rosario
T 4:15-4:15 p.m., Th 7:50-8:50 a.m., Friday 10:00-11:00 a.m.
rosario@saclink.csus.edu
Benecia 1011
http://myeconlab.com
Introductory inquiry into the workings and interrelationships of the aggregate
economic system. The primary focus is on total production and its distribution,
employment and price levels, and the forces influencing them. Other considerations are
the roles of government, the monetary sector, and related areas. This class is meets the
GE Area D1 requirement.
Course Objectives
In this class, we will cover basic concepts characterizing the U.S. economy, including:
unemployment, GDP, inflation, and interest rates. Macroeconomics is an important subject
because changes in the US macro economy along with the policies implemented in response to
those changes affect all individuals, regardless of age, gender, race, and all other socio-economic
groups. It is therefore important to understand the important implications of these policies on
these different groups, including the one where you belong in.
At the end of the course, the student should
(i)
(ii)
(iii)
(iv)
have a general understanding of the unique perspective taken by macroeconomics in
its study of society and human behavior,
understand the inquiry methods used by economists and know how to apply
economic thinking to everyday decisions,
understand the diversity that exists in human societies,
understand the contributions to human society of women, ethnic, and socio-economic
groups
Required Text: O’Sullivan, Sheffrin, Perez, Macroeconomics: Principles, Applications
and Tools. 6th Edition. Prentice Hall (0136092721)
Grading: The grades will be determined as follows:
3 exams
20% each (60% total)
3 quizzes
5% each (15% total)
MyEconlab Problem Sets
25% total
100% total
Each exam consists of A) 20 multiple choice questions (2 points each or 40 percent of
the exam) and B) a written free response part that will consist of essays, graphing and
calculations that will assess the students understanding of material presented during the
classes. Each quiz consists of 15 multiple choice questions.
Grading Scale:
95-100%
90-94.99 %
87-89.99%
84-86.99%
80-83.99%
77-79.99%
A
AB+
B
BC+
74-76.99%
70-73.99%
67-69.99%
64-66.99%
60-63.99%
Below 60%
C
CD+
D
DF
Your problem sets will be conducted via the MyEconlab website (please see the attached
sheet for further instructions). These problems sets have set due dates, and may not be
made-up. Exam dates are listed at the end of this syllabus, to avoid any potential
conflict. If you have any conflict, please see me on the first week of class. Final exams
cannot be rescheduled.
Policies:
1. Academic honesty is expected. A student will receive a grade of zero on any
work in which cheating occurs.
2. Come to class on time. No extra time will be given to those late for exams.
3. Attendance is required. Students with excessive absences, defined as missing at
least 20 percent of the total class time) will receive a U.
4. Again, there will be no make-up for any work. A person who has a documented
illness would have the weight of his/her midterm added to their final exam, so that
the final exam is 40% of the grade. Failure to provide the required documentation
within one week from the date of the exam would result to a grade of zero for the
exam.
5. Requests for re-grades should be done within one week after an exam is handed
back. Keep the all your exams and quizzes and problem sets until after receiving
your final grade, for future reference.
Course Outline:
I. Introduction
(a) What is Economics?
(b) The Key Principles of Economics
(c) Exchange and Markets
(d) Supply, Demand and Market Equilibrium
Chapter 1-4
II. Basic Concepts and Principles of Macroeconomics
(a) Measuring a Nation’s Production and Income
(b) Unemployment and Inflation
(c) Why Do Economies Grow?
Chapters 5, 6, 8
III. Economic Fluctuations and Policy
(a) Aggregate Supply and Aggregate Demand
(b) The Income – Expenditure Model
(c) Fiscal Policy and the Government
(d) Monetary Policy and the Federal Reserve
Chapters 9-11, 13, 14
I. Other Topics (time permitting)
(a) International Trade and Policy
(b) International Finance
(c) Policy Debates
Chapters 17, 18, 19
CALENDAR
Date
Activity
Feb. 18, 2011 (F)
Feb. 25, 2011 (F)
March 21-27
April 1, 2011(F)
April 8, 2011 (F)
May 6, 2011 (F)
May 20, 2011 (F)
Quiz 1
Exam 1
Spring Recess
Quiz2
Exam 2
Quiz 3
Final Exam
Final Exam: 8:00-10:00 a.m. (F) May 20, 2011
Weekly Course Outline:
Week
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
Topic
Chap 1: Introduction: What is Economics?
Chap 2: The Key Principles in Economics
Chap 3: Exchange and Markets
Chap 4: Demand, Supply and Market Equilibrium
Chap 5: Measuring a Nation’s Production and Income
Chap 6: Unemployment and Inflation
Chap 8: Why do Economies Grow?
Chap 9: Aggregate Demand and Aggregate Supply
Chap. 10: Fiscal Policy
Chap 11: The Income Expenditure Model
Chap 13: Money and Banking System
Chap 13: Money and Banking System, cont’d.
Chap 15: The Federal Reserve and Monetary Policy
Chap 17: Macroeconomic Policy Debates
Chapter 18/ 19 (Time permitting)
Final Exams
How to Register and Enroll in Your MyEconLab Course
Class: Economics 1A with Professor Rosario
Welcome to MyEconLab! Your instructor has set up a MyEconLab course for you.
Textbook: O'Sullivan/Sheffrin/Perez: Macroeconomics 6e
Course Name: Sac State Macro Spring 2011
Course ID: XL0M-A1DB-001Y-8RX2
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