ECONOMICS 102:25
Introductory Economics - Macroeconomics
Instructor:Santo DodaroWinter 2013
Office:Immaculata Hall, 401
Telephone: 867-3945
Email:
Office Hours:
Monday ………………………….. 2:15 pm – 3:30 pm
Wednesday ……………………… 12:30 pm – 3:30 pm
Thursday ………………………... 11:15 am – 3:30 pm.
At other times by appointment
Course Description
The Introductory Economics course is intended to provide a formal introduction to economic concepts and methodology. It aims at understanding the structure, institutions and behaviour underlying modern economies and offers an opportunity to study some of the major current economic problems and the policies that can be devised to deal with them. A lot of time will be spent learning basic economic principles and tools and how they can be applied in real world contexts.
Course Evaluation (tentative)
Term Tests (3)...... 45%
Final Examination ...... 55%
A series of exercises will also be assigned. Although not counting as part of the final grade, these provide a good preparation for the tests and the final exam. The exercises in the Study Guide are viewed as a necessary part of the course. They should be done along with each corresponding chapter of the text. Students are also strongly encouraged to make use the onlineMyeconlab and other computer based aids.
A series of power point presentations (which will be used in class) as well as some notes will be made available through the web. The notes are normally meant to supplement the textbook and not as substitutes. From time to time some additional readings may also be assigned. Students are reminded that not all material covered is to be found in the textbook so that class attendance is absolutely essential. Also, see the University Calendar concerning class attendance regulations.
Required Texts:
1.Michael Parkin and Robin Bade, Economics: Canada in the Global Environment 8th Edition (Pearson Addison Wesley, 2013)
2.Avi J. Cohen and Harvey B. King, Study Guide to accompany Parkin and Bade, Economics: Canada in the Global Environment (Pearson Addison Wesley, 2013)
Other Useful References:
Canadian Public Policy
Challenge
Economist
Policy Options
Students are required to read the text by Parkin and Bade. From time to time additional reading may also be assigned.
COURSE OUTLINE
I.Introduction to Macroeconomics:
1.Overview of the Economy and the Role of Economics.
Read text, chapter 1
2.The Construction and Use of Graphs
Read text, chapter Appendix to Chapter1 (to be covered by students on their own)
3.Opportunity Cost, Production, Consumption and Exchange
Read text, chapters 2
II.Basic Elements of Macroeconomic Theory
4.National Income Accounting
Read text, chapter 20.
5.The Business Cycle and Economic Stability.
Read text, chapter 21
6.The Keynesian Model
Read text, chapter 27
7.The Aggregate Demand and Aggregate Supply Model
Read text, chapter 26
III.Macroeconomic Policy – Fiscal Policy
8.Introduction to economic stabilization
Read text, chapter 28
9.Macroeconomic Policy - Fiscal Policy
Read text, chapter 29
IV.The Theory of Money and Banking
10.The Money Supply and the Banking System
Read text, chapters 23 and 24
11.The Demand for Money and the Money Market
Read text chapter 24
12The Foreign Exchange Market
Read text, chapter 25
V.Macroeconomic Policy – Monetary Policy
13.Introduction to economic stabilization
Reread text, chapter 28
14.Introduction to Monetary Policy
Read text, chapter 30
VI.Topics in Macroeconomics
15.Economic Growth
Read text, chapters 22
VII.International Economics
17Opportunity Cost, Absolute and Comparative Advantage, and Elements of International
Trade
Review text, chapter 2
1