ECON 2020-100 Principles of Macroeconomics

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ECON 2020-100 Principles of Macroeconomics
Principles of Macroeconomics
ECON 2020 - Fall 2014
University of Colorado, Boulder
Instructor: Prof. Giacomo Rondina
email: [email protected]
Office Hours: Thursdays 2:30pm-4:30pm, Economics 14A
MindTap Course Key: MTPP-4DTP-QQZG
Why are standards of living high in some countries and desperately low in others? Why do some
countries have high rates of inflation while others have stable prices? And why does the inflation rate
matter anyway? Why are jobs easy to find in some years and hard to find in others? Can policymakers
do anything about it? These are the type of fundamental questions that underlie the economic and
political debate both within and across countries.
The discipline of Macroeconomics provides a structured framework where such questions can be addressed and, at times, unambiguously answered. Over the next fifteen weeks we will cover the foundations of modern Macroeconomics and we will put them to use to try and shed light on important
issues that although seemingly distant, end up affecting our everyday lives. So, let’s get started...
Welcome to Econ 2020, Principles of Macroeconomics!
The rest of the Syllabus covers all the important organizational details. Further information if not
specified here, will be given in class at the appropriate time.
Logistics and Important Dates
We meet twice a week on Tuesdays and Thursdays from 12:30pm to 1:45pm in room Chem 140. I will
hold office hours on Thursdays from 2:30pm to 4:30pm (or by appointment if this time is inconvenient),
my office is in Economics 14A. Once a week you will also meet with one of the Teaching Assistants
for the class during Recitation Sessions. Please check your enrollment records to establish the day
and time of your session. During Recitation Sessions you will regularly review the past and upcoming
assignments, and get extra help prior to exams.
There will be two in-class midterm exams and one final exam. Please mark your calendar as follows:
• Midterm 1, Thursday September 25th , class time;
• Midterm 2, Tuesday October 28th , class time;
• Final Exam, Thursday December 18th , from 4:30pm to 7:30pm.
No makeup exams will be given. The only exceptions are covered by campus guidelines on absences due
to religious observance (see below). If you fail to show up for an exam without an acceptable excuse
(such as an illness that can be documented with a medical note or you have been given permission by
me to take a make-up exam), you will get a zero for that exam.
Textbook, Web Platform and Clicker
The textbook for the class is N. Gregory Mankiw, Principles of Macroeconomics, 7th Edition (2015),
by South-Western Cengage Learning.
You will need to enroll in the web portal MindTap; access can be obtained at the CU Bookstore or
directly online. Through MindTap you will have access to additional learning material and to weekly
problem sets which will be graded. The MindTap course key is MTPP-4DTP-QQZG, you can access
it by connecting to http://login.cengagebrain.com/course/MTPP-4DTP-QQZG
You will also need an i>clicker. You can purchase it at the CU Bookstore, if you do not have one
already. We will use clickers regularly to review examples and to solve problems. Please make sure to
register your clicker at https://cuconnect.colorado.edu/uPortal/index.jsp.
Weekly Assignments and Clicker Questions
I will assign weekly problem sets that will be graded. A portion of the questions in the problem
sets will aim at reinforcing your understanding and mastering of the material, while a portion will be
representative of the type of questions that you will get in the midterm and final exams. Each week I
will also a assign a brief reading, such as a news article, on the subject that we are about to cover. As
we begin covering the subject in class, I will ask a clicker question about the reading that will count
towards your clicker score (see below for more on clicker scores).
Your final grade will be determined according to the following percentages
Midterm 1
Midterm 2
MindTap Problem Sets
Clicker Questions
The in-class graded clicker sessions will count as follows: 2 points for a correct answer, 1 point for
an incorrect answer, 0 for no answer. The total score for the Clicker Questions will be computed by
adding all the scores while discarding the lowest 6.
Rules of Conduct
Academic Integrity. All students of the University of Colorado at Boulder are responsible for knowing
and adhering to this institution’s policy regarding academic integrity. Cheating, plagiarism, fabrication, lying, bribery, threatening behavior and assistance to acts of academic dishonesty are examples
of behaviors that violate this policy (see http://www.colorado.edu/policies/academic-integrity-policy
for more information). Ordinarily, a student engaged in any act of academic dishonest will receive a
failing grade for the course. In addition, all incidents of academic misconduct shall be reported to
the Honor Code Council. Depending on its findings, students who are found to be in violation of
the academic integrity policy will be subject to non-academic sanctions, including but not limited to
university probation, suspension, or expulsion. The Honor Code Council can be contacted by email
at [email protected] or by telephone at 303-725-2273. Additional information regarding the University Honor Code is available at http://www.colorado.edu/policies/student-honor-code-policy and
at http://honorcode.colorado.edu/.
Electronics in Class. Cell phones must be turned off. Any sort of use of cell phones in class will not
be tolerated and anyone violating such rule will be asked to leave the lecture hall. Computers are
permitted in lectures. However, they must be used only for course-related purposes. If you use your
laptop for class purposes, you are required to sit in one of the last three rows of the lecture hall. Uses
for any other purpose impose negative externalities on others and are inappropriate during class time.
For these reasons, anyone who uses computers for non-course-related purposes must leave the lecture
University Policies
the Federal
and Privacy
Disability Accommodations. Campus policy regarding disabilities requires that faculty adhere to the
recommendations of Disability Services. Any student eligible for and needing academic adjustments or
accommodations because of disability should submit to me a letter from Disability Services describing
appropriate adjustments or accommodations and should arrange to meet with me as soon as possible
so that arrangements can be made in a timely manner. University policies regarding disabilities are
available at http://disabilityservices.colorado.edu/. Disability Services can be contacted by telephone
at 303- 492-8671, or in person at the Center for Community.
Religious Observance. Campus policy regarding religious observances requires that faculty make every effort to reasonably and fairly accommodate all students who, because of religious obligations,
have conflicts with scheduled examinations, assignments or required attendance. See full details
at http://www.colorado.edu/policies/observance-religious-holidays-and-absences-classes-andor-exams
If you have scheduling conflict covered by this policy, please let me know as soon as possible so that
we can reschedule the relevant assignment/examination.
Harassment Policy. The University of Colorado at Boulder policy on Discrimination and Harassment
(http://www.colorado.edu/policies/discrimination-and-harassment-policy-and-procedures ) applies to
all students, staff and faculty. Any student, staff member or faculty member who believes (s)he has
been the subject of discrimination or harassment based on race, color, national origin, sex, pregnancy,
age, disability, creed, religion, sexual orientation, gender identity, gender expression, veteran status,
political affiliation, or political philosophy, should contact the Office of Discrimination and Harassment
(ODH) at (303) 492-2127 or the Office of Judicial Affairs at (303) 492-5550.
Classroom Behavior. Students and faculty each have responsibility for maintaining an appropriate learning environment.
to discipline.
Students who fail to adhere to behavioral standards may be subject
Faculty have the professional responsibility to treat students with understanding,
dignity and respect, to guide classroom discussion and to set reasonable limits on the manner in
which students express opinions. University policies regarding classroom behavior are available at
Econ 2020 - Class Schedule - Fall 2014
Week 1
Week 2
Week 3
Week 4
Week 5
Week 6
Week 7
Week 8
Week 9
Week 10
Week 11
Week 12
Week 13
Fall Break
Week 14
Week 15
Final Exam
Lec. 1 (Aug. 26)
Lec. 2 (Aug 28)
Review Lecture
Lec. 3 (Sept. 2)
Review Lecture
Lec. 4 (Sept. 4)
Ch. 10: Measuring a Nation’s Income
Lec. 5 (Sept. 9)
Ch. 11: Measuring the Cost of Living
Lec. 6 (Sept. 11)
Ch. 12: Production and Growth
Lec. 7 (Sept. 16)
Ch. 12: Production and Growth
Lec. 8 (Sept. 18)
Ch. 13: Saving, Investment, and the Financial System
Lec. 9 (Sept. 23)
Ch. 13: Saving, Investment, and the Financial System
Lec. 10 (Sept. 25)
Midterm 1 (class time)
Lec. 11 (Sept. 30)
Ch. 14: The Basic Tools of Finance
Lec. 12 (Oct. 2)
Ch. 14: The Basic Tools of Finance
Lec. 13 (Oct. 7)
Ch. 15: Unemployment
Lec. 14 (Oct. 9)
Ch. 15: Unemployment
Lec. 15 (Oct. 14)
Ch. 16: The Monetary System
Lec. 16 (Oct. 16)
Ch. 16: The Monetary System
Lec. 17 (Oct. 21)
Ch. 17: Money, Growth and Inflation
Lec. 18 (Oct. 23)
Ch. 17: Money, Growth and Inflation
Lec. 19 (Oct. 28)
Midterm 2 (class time)
Lec. 20 (Oct. 30)
Ch. 18: Open-Economy Macroeconomics: Basic Concepts
Lec. 21 (Nov. 4)
Ch. 18: Open-Economy Macroeconomics: Basic Concepts
Lec. 22 (Nov 6)
Ch. 19: A Macroeconomic Theory of the Open Economy
Lec. 23 (Nov. 11)
Ch. 19: A Macroeconomic Theory of the Open Economy
Lec. 24 (Nov 13)
Ch. 20: Aggregate Demand and Aggregate Supply
Lec. 25 (Nov. 18)
Ch. 20: Aggregate Demand and Aggregate Supply
No Class
Nov 24-28
Lec. 26 (Dec. 2)
Ch. 21: Influence of Monetary and Fiscal Policy on Agg. Demand
Lec. 27 (Dec. 4)
Ch. 21: Influence of Monetary and Fiscal Policy on Agg. Demand
Lec. 28 (Dec. 9)
Ch. 22: Short-Run Trade-off between Inflation and Unemployment
Lec. 29 (Dec. 11)
Ch. 23: Six Debates over Macroeconomic Policy
Dec 18
4:30pm to 7:30pm in Chem 140
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