UNIVERSITY OF MISSOURI - KANSAS CITY
ECON 201 PRINCIPLES OF MACROECONOMICS
Phone (UMKC): 816-235-5699
Office: 203E Manheim Hall
Office hours: To be announced
Please feel comfortable in contacting me at any of these addresses for any problems or questions that may arise.
Credit Hours: 3
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.
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.
Four tests (100 points each) 400
Problems and pop quizzes 100
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
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
PART III THE ROLE OF MONEY AND MONETARY POLICY
Chapter 10 The Money Supply and the Federal Reserve
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
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
Thursday, 7-29 (last day of class)