UNIVERSITY OF MISSOURI - KANSAS CITY

COURSE SYLLABUS

ECON 201 PRINCIPLES OF MACROECONOMICS

SUMMER 2004

 

INSTRUCTOR INFORMATION

Ben Young

Phone (UMKC): 816-235-5699

Office: 203E Manheim Hall

Office hours: To be announced

E-mail: youngb@umkc.edu

Please feel comfortable in contacting me at any of these addresses for any problems or questions that may arise.

COURSE INFORMATION

Credit Hours: 3

Prerequisites: None

Supplies: Calculator may be helpful.

Textbook: Case, Karl E. and Fair, Ray C. Principles of Macroeconomics, 7th Edition. Upper Saddle River, New Jersey: Prentice Hall, Inc.

COURSE REQUIREMENTS

1. Four equally weighted tests (some consideration for adjustment on the first test for low grades will be taken).

2. Problems and pop quizzes.

3. The text requires slow and careful reading with particular attention given to the graphs. Taking notes on the reading is recommended. Daily reading of a current newspaper such as the Business Week will help the student relate the reading in the text to the current economic issues and will increase the student's ability to participate in class discussion.

4. Spot attendance will be taken. Close calls between grades, a high C or a low B may be determined by class attendance. This cannot affect you adversely, i.e., if you barely have a B you will not have your grade lowered to a C. If you have regular attendance that will be considered in moving the C up to a B. Minuses and pluses are not given.

 

GRADING

Four tests (100 points each) 400

Problems and pop quizzes 100

TOTAL 500

Grading scale:

PERCENT

A = 90 - 100%

B = 80 - 89%

C = 70 - 79%

D = 60 - 69%

F = below 59%

 

 

TENTATIVE COURSE OUTLINE

PART I INTRODUCTION TO ECONOMICS

A. Chapter 1 The Scope and Method of Economics

B. Chapter 2 The Economic Problem: Scarcity and Choice

C. Chapter 3 Demand, Supply and Market Equilibrium

D. Chapter 4 The Price System and Demand and Supply

TEST 1

Thursday, 6-17

PART II BASIC MACROECONOMIC CONCEPTS

A. Chapter 5 Introduction to Macroeconomics

B. Chapter 6 Measuring National Output

C. Chapter 7 Unemployment, Inflation, and Growth

D. Chapter 8 Aggregate Expenditure and Output

E. Chapter 9 Fiscal Policy

TEST 2

Thursday, 7-1

PART III THE ROLE OF MONEY AND MONETARY POLICY

Chapter 10 The Money Supply and the Federal Reserve

System

B. Chapter 11 Money Demand, the Interest Rate and Monetary Policy

C. Chapter 12 Money, Output Analysis, and Policy

D. Chapter 13 Aggregate Demand and Supply and Inflation

TEST 3

Thursday, 7-15

PART IV CONCLUSION

A. Chapter 14 The Labor Market, Unemployment, and Inflation

B. Chapter 15 Macroeconomic Issues and Policy

C. Chapter 22 Globalization

D. Chapter 23 Economic Growth in Developing Nations

TEST 4

Thursday, 7-29 (last day of class)