Fall 2007
Course Syllabus
ECON 191 – Principles of Macroeconomics
Day: M/W Lewis 210
Dates: 9/5-12-19
Instructor: David
Koehler
Phone: 630-207-5814
Fax: 312-996-3559
(attn: Dave Koehler)
E-Mail: dkoehler@dom.edu
I. Code/Course Credits
ECN 191 – Macroeconomics 4
II. Prerequisites
– None
III. Course
Materials
Textbooks
required
McConnell, C.R. and Brue,
S.L. Economics 17th ed.
ISBN 978-0-07-312663-0
Other
resources: Selected articles from the
Wall Street Journal and other sources will be given in class.
IV.
Course Description
An examination of general
macroeconomics theory with an emphasis on government spending and taxation,
national income accounting, economic fluctuations, macroeconomics theory,
fiscal policy, monetary policy, the banking system, economic stabilization,
international trade, economic growth, and comparative economic systems.
1.
Be able to
recognize and define specialized terminology as it is generally used in macroeconomic
analysis.
2.
Be able to
distinguish between classical, Keynesian and monetarist theories, and explain
how they relate to the federal government's use of macroeconomic policy.
3.
Be able to
explain fiscal and monetary policy tools of government, the rationale for their
use, and their principal effects.
4.
Be able to
identify leading economic indicators, and explain how they may be used in
making business and government policy decisions.
5.
Be able to
explain macroeconomic measures of aggregate output, income, savings, demand,
price levels, employment, money supply, interest, investment, exports and
imports, inflation, and the business cycle.
6.
Understand the
principal features of the nation's monetary system.
7.
Be able to
explain significant relationships between international trade and monetary
exchange systems.
8.
Be able to
identify the effects of currency appreciation and depreciation upon import and
export industries, international travel, international investment, and recent
trends in the world trade system.
9.
Be able to
explain the relative advantages of free market (vs. socialistic) economic
systems.
VI.
Evaluation Methods and Grading Scale
Evaluation methods used in this class are indicated
below:
Method Points
Possible
1 Paper 200
1 Presentation 100
10 Quizzes 100
3 Exams 300 .
5 Articles/
Discussion/Participation 100
Total Points 800
Grades are reported as letter
grades “A” through “F” with honor points assigned as follows:
LETTER INTERPRETATION PERCENTAGE
A Excellent 94-100%
A- 90-93%
B+ 87-89%
B Good 84-86%
B- 80-83%
C+ 77-79%
C Average 74-76%
C- 70-73%
D+ 67-69%
D Unsatisfactory 64-66%
D- 60-63%
F Failure . Below
60%
IV.
Course Outline and Schedule
Students are expected to have
read each chapter before class and be prepared for in depth discussions on the
topics involved. Current articles pertaining to the principles of Macroeconomics
and the economy should be brought in to each class for real world application
and discussion.
Principles of Macroeconomics
General Course Outline
Week #
1
Topics
Chapters
1
Introduction 1
2
Supply and
Demand 2-4
3
Elasticity
5-6
4
Government policy, TEST
1 1-6
5
National Income,
Inflation 10,11
6
Production and Growth
12
7
Savings and Investment
13
8
Unemployment
15
9
TEST 2,Monetary
System
10
Open Economy 18,19
11
Aggregate Supply and Demand 20
12 Monetary and Fiscal
Policy 21
13
Trade –Offs 22
14
Macroeconomic
Debates 23
15
Review and Final Exam