UNIVERSITY OF CINCINNATI - CLERMONT

COURSE SYLLABUS AND SCHEDULE OUTLINE FOR

PRINCIPLES OF MACROECONOMICS (34-ECON-142-001)

SPRING QUARTER 2003

T, Th 9:30A – 10:45A

EDUCATIONAL SERVICES BULIDING ROOM 160

Instructor Information

Instructor: Dr. Jeff Bauer, Assistant Professor of Business

Office: Snyder Building 272C

Phone: Office: 732-5257 24-HR Voicemail

Fax: 732-5304

Division Office: 732-5255

Home: 753-9081

E-Mail: Jeff.Bauer@UC.Edu

Website: http://www.ucclermont.edu/~bauerj

Office Hours: T, Th 9:00A – 9:30A, T 4:00P – 6:30P, Th 6:00P – 6:30P, or by appointment

Required Text(s)

Economics, McConnell & Brue, 15^th Edition, Irwin McGraw-Hill. ISBN: 0-07-249850-1.

Course Description

An analysis of aggregate economics including such topics as: growth, national income, fiscal and monetary policy, and the banking system.

Course Objectives

1. Recognize the basic economic principles/theories and discuss their application to current problems and events in the American economy.

2. Describe the types of unemployment and distinguish the difference between them in examples. Examine the process of calculating unemployment and determining full employment.

3. Determine the process of calculating inflation and recognize the deficiencies of the measurement.

4. Recognize the components of gross domestic product and calculate GDP using the two equivalent methods. Calculate the other social accounts and analyze their purpose.

5. Discuss the aggregate spending and saving model and evaluate the consequences of a change in spending or saving.

6. Examine the structure of the banking system and describe the evolution of the money system. Describe how banks create money and analyze how the Federal Reserve uses monetary policy to control the money supply.

Course Requirements

Reading Assignments: The student is expected to read all assignments prior to the class in which they will be discussed. He/she should be ready to participate in class discussions and activities. See http://www.mhhe.com/economics/mcconnell15 for text support materials.

Exams: There will be three (3) exams during the quarter. Exam formats will be true/false, fill-in-the-blank and multiple choice. Exams will be given as indicted on the Course Schedule.

Individual Application Assignments: There will be five (5) application assignments during the term. Application assignments are designed to provide the student the opportunity to demonstrate competence with the material though application of the concepts presented in class. Assignments will come from the textbook and outside sources and will be assigned throughout the term.

Group Debate Project: Each student will be assigned to a group and each group will be responsible for planning, researching, and presenting a debate topic. Additional details and an outline for this project will be supplied during the term.

Grading:

The final grade will be determined as follows:

Exam One (Chapters 4, 5, 6)…………………..… 100 points

Exam Two (Chapters 7, 8, 9) ………..………….. 100 points

Final Exam (Chapters 12, 13, 14, and 15)…….…. 100 points

Application Assignments (5 @ 20 Points)………. 100 points
Debate Project……………………………………. 50 points

Attendance & Participation………………………. 50 points

Total Points 500 points

The numerical average will be calculated by dividing total points by 5.

GENERAL COURSE POLICIES

Attendance and Make-Up Work

Attendance is a requirement of the course. If for some reason you cannot attend a class, please let me know by using one of the phone numbers (or other means) listed above. Make-up work will not be accepted without prior approval from the instructor.

Make-Up Exams

Make-up exams will be given at the discretion of the instructor. The student must notify the instructor of the absence before the exam begins. Notification after the exam begins will result in the student receiving a score of zero for the exam. If proper notification is given, a make-up exam will be administered which may be significantly more challenging than the examination given on the scheduled date.

Cheating and Plagiarism

The policy as stated in the University of Cincinnati Student Handbook will be strictly enforced. A copy of the Student Handbook is available in the Student Development Office.

Withdrawals

The current withdrawal policy of Clermont College will apply. The withdrawal policy for this term is available in the Registration Office.

ADA

Students with Disabilities: The policy of the University of Cincinnati Clermont College requires students to self-identify and provide proper documentation to the Director of the Learning Center for appropriate academic assistance.

Grading Scale

The following plus/minus grading system will apply:

92 - 100% = A 91 - 89% = A- 88 - 87% = B+ 86 - 82% = B 81 - 79% = B-

78 – 77% = C+ 76 – 72% = C 71 – 69% = C- 68 – 67% = D+ 66 – 62% = D

61 – 59% = D - 58% and Under = F

Note: The course schedule and procedures are tentative and subject to change depending upon the progress of the class.

COURSE SCHEDULE – PRINCIPLES OF MACROECONOMICS

Week 1 Chapter 4 The Market System

04/01

Week 2 Chapter 5 The U.S. Economy: Private and Public Sectors

04/08

Week 3 Chapter 6 The United States in the Global Economy

04/15

Week 4 Exam One Chapters 4, 5, and 6

04/22 Chapter 7 Measuring Domestic Output, National Income & the Price Level

Begin Research/Library Date for Group Debate Project

Week 5 Chapter 7 Measuring Domestic Output, National Income & the Price Level

04/29 (Continued)

Chapter 8 Introduction to Economic Growth and Instability

Week 6 Chapter 8 Introduction to Economic Growth and Instability (Continued)

05/06 Group Debates

Week 7 Chapter 9 Building the Aggregate Expenditures Model

05/13

Week 8 Exam Two Chapters 7, 8, and 9

05/20 Chapter 12 Fiscal Policy

Week 9 Chapter 13 Money and Banking

05/27 Chapter 14 How Banks and Thrifts Create Money

Week 10 Chapter 14 How Banks and Thrifts Create Money (Continued)

06/03 Chapter 15 Monetary Policy

Week 11 Final Exam Thursday, June 12^th from 7:30a – 9:30a and covering

Chapters 12, 13, 14, and 15.