ECON 2020-010 Principles of Macroeconomics
ECONOMICS 2020-010 Principles of Macroeconomics Spring 2004 Professor: Office: Office phone: E-mail: Office Hours: Readings: Billy Mertens ECON 4A 303-492-3021 [email protected] Web: http://spot.colorado.edu/~mertens MW 3:15-5 and F 1:15-1:45 Mankiw, N. Gregory; Brief Principles of Macroeconomics 2nd ed., 2001. Course Description: Principles of Macroeconomics (ECON 2020) is a companion course with Principles of Microeconomics. Together the courses introduce you to the "economic way of thinking". The central fact that underlies economics is the fact of "scarcity". By this it is meant that our wants exceed the goods freely available from nature -- hence choices must be made among the many things we want. This leads to the fundamental economic questions, narrowly defined, which face all societies: What to produce? How to produce? And for whom to produce? But economics really is much broader in scope than this; it is really the study of wise decision-making in all areas of life. The topics covered in this course can be divided into three main categories: Fiscal Policy, Monetary Policy, and Open-Economy Macroeconomics. Macroeconomics cannot be well understood without some grounding in microeconomics, if you have not had met the prerequisite for this class you should see me during the first week of classes. As well as covering the material in the text, we will discuss current issues and how they relate to the economy. I will post some summary outlines on the course website, but these very brief outlines and the book are meant to complement what you learn in class – they are not substitutes for lecture materials! Grading: Five Hourly Exams Cumulative Final Exam Recitation 75% (15% each) 20% 7% Recitation: Your TAs will give the recitation grade. They may be based on problem sets, quizzes and/or other assignments that your TAs think may be useful. The TAs will explain their grading policy more thoroughly in recitation. Exams: There will be five exams (all in class) and one cumulative final. Tests will consist of multiple-choice questions and occasionally some longer problems. No alternate exams will be given. You must take your exam at the scheduled time and place. If you miss an exam FOR ANY REASON, the weight of your final will be increased. Do not miss the final!! You may NOT drop an exam after it is turned in – to allow this would be unfair other students. Grading Scale: Grade Your score 92% to 100% A 90% to 91% A88% to 89% B+ 82% to 87% B 80% to 81% B78% to 79% C+ 72% to 77% C 70% to 71% C68% to 69% D+ 62% to 67% D 60% to 61% DBelow 59.5% F Additional Note: You cannot get credit for both Economics 1000 and Economics 2010/2020. Exam Schedule: Exam I: Monday, February 2nd Exam II: Friday, February 20th Exam III: Wednesday, March 10th Exam IV: Monday, April 5th Exam V: Friday, April 23rd Final Exam: Tuesday, May 4th at 4:30pm in Hellems 201 University final exam policy: If you have three or more final exams scheduled on the same day, you are entitled to arrange an alternative exam time for the last exam or exams scheduled on that day. To qualify for rescheduling final exam times, you must provide evidence that you have three or more exams on the same day, and arrangements must be made with your instructor no later than the end of the sixth week of the semester (Friday, February 21 2003). For the complete final examination policy, see the University of Colorado at Boulder Catalog. Additional Notes: If you qualify for accommodations because of a disability, please submit to me a letter from the Disability Services (DS) early in the semester so that your needs may be addressed. DS determines accommodations based on documented disabilities (303-492-8671, Willard 322, www.colorado.edu/sacs/disabilityservices). Accommodations can be made if there are any conflicts with religious holidays, but you must notify me during the first week of classes.