Honors | Introduction to Macroeconomics - Honors (ECON)
S202 | 6413 | Roy Gardner
Text: Parkin, Macroeconomics (8th ed)
This course is the sequel to S201 (or E201). If that material is a
little rusty, you should warm up by reading chapters 1-3 right away.
In this course, we look at the economy of an entire nation--most of
the time, that nation is the USA--how that economy functions, and
how it relates to the rest of the world. This means we get to ask
some really big questions, such as:
* Why is the unemployment rate less than 5%?
* Why is the inflation rate 2%?
* Why is Gross Domestic Product $13 trillion?
* What was the Great Depression and can it happen again?
* Why is 1 euro worth $1.43?
You will get answers all these questions and more. Besides reading
the text, you will be expected to read a reputable daily newspaper,
such as the Wall Street Journal or the Financial Times and to log on
to macroeconomically important web sites such as www.frb.gov on a
regular basis. You will get more out of this course if you attend
Evaluation based on a 1000 point scale: 3 examinations (750 points),
12 weekly homework sets (175 points), participation (75 points). You
may work in small groups on the homework sets. No credit for late
homework, or for missed participation. In addition, there will be 1
extra credit opportunity.
Participation units will be as follows (each unit worth 15 points):
•one random attendance check
•present one homework problem, answered, to the class
•download the President’s State of the Union address, and analyze
its macroeconomic policy highlights (outside class)
•perform a virtual visit of an FOMC meeting, read the minutes, and
tell what happened
•describe in two pages “My Bad Job”---what you did, what you got
paid, what made it a bad job
•one game playing event in class
•one wild card