Econ 111 Principles of Macroeconomics
May 30th – July 6th M/W 1PM – 4:30PM at BUSN226
Instructor: Marius Jurgilas
Contact info: E-mail:
email@example.com Office: Monteith 444 (by appointment)
Ph: 486 4443
M. Parkin “Macroeconomics” 7nd Edition ISBN: 0-321-22658-5
Student is responsible for any assignments given during the class. All assignments are due AT THE BEGINNING of the next class if not specified otherwise. It is crucial not to miss any classes.
Homework and in class tests – 20%
Midterm – 40%
Final exam – 40%
This is an introductory course to macroeconomics. It is structured as an overview of the major macroeconomic issues. In the first half of the course students will learn basic economic concepts, what constitutes GDP, why should we care about inflation and unemployment. In the second half students will learn the importance of money, how economists explain business cycle and what policy prescriptions can be inferred. We will end with a brief overview of international trade and concepts of international finance. After taking this course students should understand and be able to operate in macroeconomist vocabulary.
May 30 Introduction (There will be no class)
June 1 Overview of macroeconomics
June 4 Measuring economic activity
HW: Problem 1 and 8 on p.125-126 AND Problem 8 and 9 on p.
June 6 Economy in the long run 1
HW: Problem 2 and 10 on p.171-172
June 11 Economy in the long run 2
June 13 Midterm
June 20 Intro to short run
June 22 Make up class for May 30
Economy in the short run
HW: Problem 8 on p. 255 AND Problem 10 on p. 276
June 25 Business cycle
June 27 Fiscal and Monetary policy
HW: Problem 2 and 10 p.385-386 AND "Critical thinking"
problem #2 on p.408
July 2 Global economy
Chapter 17-18 (overview)
2004 Final with answers
July 6 Final exam