ECONOMICS 2210 – DR. HIPPLE
PRINCIPLES OF MACROECONOMICS
FALL 2017 INFORMATION SHEET
Dr. F. Steb Hipple, Professor of Economics (Ret)
Office -- Room 304, Sam Wilson Hall
Phone/Voicemail -- 423.439.5304
Email -- email@example.com
Website -- http://faculty.etsu.edu/hipples
Office Hours – after class meetings and by appointment.
Department of Economics and Finance
Office -- Room 227, Sam Wilson Hall
Phone -- 423.439.4202
CLASS MEETING TIMES:
ECON 2210-001 Tuesday-Thursday
12:45pm-2:05pm, Sam Wilson Hall, Room 302
PRINCIPLES OF MACROECONOMICS:
· Counts toward the social science component of the ETSU General Education Program.
· Is a required course in the business core curriculum of the College of Business and Technology.
R. Glenn Hubbard & Anthony Patrick O’Brien, Macroeconomics, 6/E, Pearson, 2017.
MyEconLab (MEL) to accompany Hubbard & O’Brien, Macroeconomics, 6/E.
COURSE CATALOG DESCRIPTION:
An introduction to macroeconomic analysis which concentrates on economy wide, systematic issues such as inflation, unemployment, and the level of economic activity.
LEARNING OBJECTIVES: At the end of this course, you will be able to:
PART 1 INTRODUCTION
Chapter 1. Economics: Foundations and Models (41 homework exercises)
Appendix. Using Graphs and Formulas
Handout. The Economic Problem and Economic Systems
Chapter 2. Trade-offs, Comparative Advantage, and the Market System (15)
Quiz #1. (Tuesday, September 12)
Handout. Variables and Relationships
Chapter 3. Where Prices Come From: The Interaction of Demand and Supply (21)
PART 2 FIRMS IN THE DOMESTIC AND INTERNATIONAL ECONOMIES
Chapter 6. Firms, the Stock Market, and Corporate Governance (16)
Quiz #2. (Tuesday, September 26)
Appendix. Tools to Analyze Firms’ Financial Information
Chapter 7. Comparative Advantage and the Gains from International Trade (19)
PART 3 MACROECONOMIC FOUNDATIONS AND LONG-RUN GROWTH
Chapter 8. GDP: Measuring Total Production and Income (20)
Quiz #3. (Tuesday, October 10)
Chapter 9. Unemployment and Inflation (21)
Handout. The Business Cycle and Economic Indicators
Chapter 10. Economic Growth, the Financial System, and Business Cycles (17)
Quiz #4. (Thursday, October 26)
Chapter 11. Long-Run Economic Growth: Sources and Policies (16)
PART 4 SHORT-RUN FLUCTUATIONS
Chapter 13. Aggregate Demand and Aggregate Supply Analysis (9)
Appendix: Macroeconomic Schools of Thought
PART 5 MONETARY AND FISCAL POLICY
Handout. The Financial Markets
Quiz #5. (Thursday, November 9)
Chapter 14. Money, Banks, and the Federal Reserve System (17)
Handout. Monetary vs Fiscal Policy
Chapter 15. Monetary Policy (24)
Quiz #6. (Tuesday, November 28)
Chapter 16. Fiscal Policy (20)
Appendix. A Closer Look at the Multiplier
PART 6 THE INTERNATIONAL ECONOMY
Chapter 18. Macroeconomics in an Open Economy (13)
Chapter 19. The International Financial System (6)
Appendix. The Gold Standard and the Bretton Woods System
Quiz #7. (see exam week schedule)
Comprehensive Make-Up Quiz. (see exam week schedule)
OMITTED TEXTBOOK MATERIALS
Chapter 4. Economic Efficiency, Government Price Setting, and Taxes
Appendix. Quantitative Demand and Supply Analysis
Chapter 5. The Economics of Health Care
Chapter 12. Aggregate Expenditure and Output in the Short-Run
Appendix. The Algebra of Macroeconomic Equilibrium
Chapter 17. Inflation, Unemployment, and Federal Reserve Policy
EXAM WEEK SCHEDULE:
ECON 2210-001 – (Quiz #7 and Comprehensive Make-Up Quiz)
Thursday, December 14, 1:20pm-3:20pm
CLASS MEETINGS: Classes will begin Monday, August 28, and end Thursday, December 7. Holidays are Labor Day (Monday, September 4), Fall Break (Monday and Tuesday, October 16 and 17), and Thanksgiving (Wednesday,Thursday, and Friday, November 22, 23, and 24). There are a total of 28 scheduled class meetings on Tuesdays and Thursdays. We will return during exam week for the last two quizzes.
NOTE ON TEXTBOOK AND ON-LINE MATERIALS: This course requires you to enroll in MyEconLab (MEL) from Pearson Education. You may purchase a textbook package from the ETSU bookstore which will include an access kit with the registration information. Or, if you purchase a textbook without the access kit, you can directly enroll in MyEconLab on the internet. MEL registration will be closed after September 30.
PREPARATION: Assigned chapters should be carefully read before class meetings. Class lectures will focus on the theoretical and quantitative aspects of the textbook material.
HOMEWORK ASSIGNMENTS: The homework assignments are a very critical element in this course. There will be a Homework Assignment in MEL for each Hubbard & O’Brien chapter that we cover. The number of exercises is shown in parenthesis after each chapter title in the syllabus. You can work on the homework assignment until your score is 100%, and the homework exercises will be your guide to mastery of the chapter material. You should complete each homework assignment before the quiz, and not be satisfied with any score less than 100%. As an incentive, for each set of completed homework assignments with a score of 100%, five bonus points will be added to the quiz score. In addition, your semester average on homework assignments will count as one-seventh of your semester grade, so you should do all of the homework assignments. (MEL also includes Study Plan and Sample Quizzes for each chapter. You may use these for self study, but they do not contribute to your semester grade.)
EXAMINATIONS: Eight quizzes will be given during the semester. There will be seven regular quizzes plus the comprehensive make-up quiz. Your semester grade will be based on your six best quiz scores (plus your homework average). You may miss or drop up to two quizzes. The quiz format will be multiple choice questions based on lecture, handouts, assigned chapters, MEL homework, and class discussions.
GRADING: Your semester grade will be based on your six best quiz scores and your homework average. The grade scale is: "A" = 90 to 100; "B" = 80 to 89; “C” =70 to 79; and etc. If the class average is below 80, then the letter ranges will be adjusted accordingly. For example, if the class average is 75, then the letter ranges are: “A” = 85 and above; “B” = 75 to 84, “C” = 65 to 74; and etc. Plus and minus grades will be assigned at the end of the semester and show strong or weak performance within the letter range.
WEBSITES: This class will have three websites. (1) My website at http://faculty.etsu.edu/hipples. This website will include the syllabus, handouts, and announcements. (2) The class website at http://www.pearsonmylabandmastering.com will contain the homework exercises. (3) The University D2L site will not be used for this class.
ATTENDANCE: Class attendance is expected, and can actually help you get better grades!
HELP: I will have regular office hours to meet with you, or by appointment. Please feel free to ask questions. Contact me if you need help on your reading assignments or problems. Have a good semester!