ECN2801G, PRINCIPLES OF MACROECONOMICS

Dr. ALI R. MOSHTAGH

2605 COLEMAN HALL

(217) 581 - 2719

amoshtagh@eiu.edu

OFFICE HOURS: 11:00 - 11:50 am MWF, 8:30 - 9:20 am TR

COURSE DESCRIPTION:

A short introduction followed by a discussion of the causes and cures of inflation and unemployment.

COURSE OUTLINE:

PART 1: The Basics of Economic Analysis

A. INTRODUCTION

B. PRODUCTION POSSIBILITIES AND OPPORTUNITY COST

C. THE PRICE SYSTEM

PART 2: Employment, Inflation, and Fiscal Policy

D. INTRODUCTION TO MACROECONOMICS

E. MACROECONOMIC MEASUREMENTS

F. CONSUMPTION AND INVESTMENT

G. EQUILIBRIUM NATIONAL INCOME

H. FISCAL POLICY: COPING WITH INFLATION AND UNEMPLOYMENT

I. LONG-RUN ECONOMIC GROWTH

PART 3: Money, Banking, and Monetary Policy

J. MONEY

K. MONEY CREATION AND THE BANKING SYSTEM

L. THE FEDERAL RESERVE SYSTEM AND MONETARY POLICY

PART 4: Government and the Macroeconomy

M. CAN GOVERNMENT REALLY STABILIZE THE ECONOMY?

N. GOVERNMENT SPENDING

O. FINANCING GOVERNMENT: TAXES AND DEBT

PART 5: The World Economy

P. INTERNATIONAL TRADE

Q. EXCHANGE RATES, BALANCE OF PAYMENTS, AND INTERNATIONAL DEBT

R. THE ECONOMIC PROBLEMS OF LESS-DEVELOPED ECONOMIES

METHODS OF EVALUATION:

4 Examinations @ 100 Points Each: 400 Points

Homework and In-Class Assignments: 30

Final Exam, Section 003: Tue., December 11, 2012, from 8:00 am - 10:00 am

Section 004: Tue., December 11, 2012, from 10:15 am to 12:15 pm

Total 430 Points

TEXTBOOK:

Fred M. Gottheil, Principles of Macroeconomics, Sixth Edition, CENGAGE Learning, Mason, OH, 2009

YOU MUST BRING YOUR BOOKS TO CLASS!

NOTE 1:

No exam grades will be eliminated. No exams will be made up unless arrangements have been made PRIOR TO THE SCHEDULED EXAM DATE. Messages left on my voice mail will not be considered as proper arrangements.

NOTE 2:

If you have a documented disability and wish to receive academic accommodations, please contact the Coordinator of the Office of Disability Services (581-6583) as soon as possible.

NOTE 3:

"Each faculty member has the authority to establish the conditions for student cell phone use in his/her classroom. These conditions are at the discretion of the faculty member, but will provide that a university-initiated campus security text message can be received and disseminated to those in the classroom in a timly manner." Eastern position on cell phones in classrooms.

My position on cellphones: there is absolutely NO TEXTING allowed in class, you may NOT hold your cellphones in your hands in class, and you may NOT use your cellphones as calculators during exams.

SPECIAL DATES IN THE FALL TERM 2012 CALENDAR

Classes Begin: August 20, 2012

Last Day to Drop a Course With No Grade: August 31

W for Course Withdrawal Beings: September 1

Labor Day Observance-No Classes: September 3

Fall Break: October 5

Mid Term: October 10

Last Day to Withdraw from a Course or University with W: November 2

Thanksgiving Break: November 19 - 23

Last Class Day: December 7

Final Examinations: December 10 - 14

Deadline to Return Books/TRS/No Fine 3 p.m.: December 14

Commencement: December 15

Tutor Schedule