ECN 102-11,14 Syllabus PDF

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Syllabus of ECN 102...

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ECN 102-011/014: Introductory Macroeconomics Department of Economics Syracuse University Spring 2020 T/Th 11:00-12:20 Shemin Auditorium Professor: Michael Lorenzo E-mail: [email protected] (place section number in email subject line) Office: Maxwell 316C Office Hours: M/W 11:30-12:30 ; T/Th 1:00-3:00 Teaching Assistants: Jing Li E-mail: [email protected] Lab Section 015 Monday 5:15-6:25 Eggers 070 Donghwi Kim E-mail: [email protected] Lab Section 016 Wednesday 8:00-8:55 Maxwell 110 Course Description: Introduction to concepts and methods of economic analysis. Emphasis on such macroeconomic topics as gross domestic product, unemployment, money and theory of national income. Course Rationale: This course will familiarize you with the basic concepts of macroeconomics. After taking this course, you will be able to understand how macroeconomic news affects you as a consumer, employee, manager, and voter. When you see news headlines such as “the Federal Reserve is raising interest rates to combat inflation", “the government raised taxes to balance the budget", or “the government raised the R&D tax credit to spur innovation", you will be able to understand how these events affect your various roles in the macroeconomy. Learning Objectives: Students will be able to: define macroeconomic concepts, describe the determinants of a country's living standards, explain how households and businesses interact in financial markets, and use aggregate demand and aggregate supply analysis to explain how fiscal and monetary policies respond to macroeconomic shocks. Credits: 3 Credits Required Text: N. Gregory Mankiw Principles of Macroeconomics, 8th Edition. (Cengage Unlimited MindTap access $119.99) Course Website: Additional readings and course materials will be posted to our course Blackboard site throughout the semester.

Course Requirements: Course grades will be based on performance on online homework, class participation, two in-class exams, and a cumulative final exam during the University scheduled final exam period. The following weights apply:

Class Participation…………………..15% Online Homework………………….. 20% Exam 1 (February 27)……………….20% Exam 2 (April 2)…………………….20% Cumulative Final Exam (TBD)...……25% Class Participation: We will be using the Cengage smartphone app to determine class participation. I will be using Cengage for taking attendance as well as to gauge the class's understanding of topics as they are introduced. Attendance will be taken within the first 5 minutes of every class. Each student will be allowed 3 unexcused absences. For each unexcused absence beyond 3, you will lose class participation points. Additionally, students observed distracting other students from class may be asked to leave. Online Homework: We will be using the Cengage Unlimited MindTap online application to work through homework for this semester. This homework is meant to provide you with practice for answering questions similar to the exams. You will be given 3 attempts to complete the online homework and the highest score will be your final grade for each assignment. The lowest 3 scores from all assignments will be dropped and the remaining 10 will count towards your final homework grade. Exams: Exams will be closed book and cover material from class lectures, readings and online homework. No makeup exams will be given. If you must miss an exam due to an official university function or religious observance, contact me as soon as possible. If serious illness or injury interferes with your ability to take an exam, contact me as soon as possible. This means that you should contact me before the exam except in the most extreme circumstances. Grading Table: Grade

Percentage Range

A AB+ B BC+ C CD DF

100-93 92-90 89-87 86-82 81-79 78-76 75-71 70-68 67-63 62-60 59 and below

University Attendance Policy: Attendance in classes is expected in all courses at Syracuse University. Students are expected to arrive on campus in time to attend the first meeting of all classes for which they are registered. Students who do not attend classes starting with the first scheduled meeting may be academically withdrawn as not making progress toward degree by failure to attend. Instructors set course-specific policies for absences from scheduled class meetings in their syllabi. It is a federal requirement that students who do not attend or cease to attend a class to be reported at the time of determination by the faculty. Faculty should use “ESPR” and “MSPR” in Orange Success to alert the Office of the Registrar and the Office of Financial Aid. A grade of NA is posted to any student for whom the Never Attended flag is raised in Orange SUccess. More information regarding Orange SUccess can be found here, at http://orangesuccess.syr.edu/getting-started-2/. Syracuse University Policies: Syracuse University has a variety of other policies designed to guarantee that students live and study in a community respectful of their needs and those of fellow students. Some of the most important of these concern: Diversity and Disability: Ensuring that students are aware of their rights and responsibilities in a diverse, inclusive, accessible, bias-free campus community can be found here, at: https://www.syracuse.edu/life/accessibilitydiversity/. Religious Observances Notification and Policy: Steps to follow to request accommodations for the observance of religious holidays can be found at: http://supolicies.syr.edu/studs/religious_observance.html Orange SUccess: Tools to access a variety of SU resources, including ways to communicate with advisors and faculty members can be found here, at: http://orangesuccess.syr.edu/getting-started2/ Disability-Related Accommodations: Syracuse University values diversity and inclusion; we are committed to a climate of mutual respect and full participation. There may be aspects of the instruction or design of this course that result in barriers to your inclusion and full participation in this course. I invite any student to meet with me to discuss strategies and/or accommodations (academic adjustments) that may be essential to your success and to collaborate with the Office of Disability Services (ODS) in this process. If you would like to discuss disability-accommodations or register with ODS, please visit their website at: http://disabilityservices.syr.edu. Please call (315) 443-4498 or email [email protected] for more detailed information. ODS is responsible for coordinating disability-related academic accommodations and will work with the student to develop an access plan. Since academic accommodations may require early planning and generally are not provided retroactively, please contact ODS as soon as possible to begin this process.

Academic Integrity Policy: Syracuse University’s Academic Integrity Policy reflects the high value that we, as a university community, place on honesty in academic work. The policy defines our expectations for academic honesty and holds students accountable for the integrity of all work they submit. Students should understand that it is their responsibility to learn about coursespecific expectations, as well as about university-wide academic integrity expectations. The policy governs appropriate citation and use of sources, the integrity of work submitted in exams and assignments, and the veracity of signatures on attendance sheets and other verification of participation in class activities. The policy also prohibits students from submitting the same work in more than one class without receiving written authorization in advance from both instructors. Under the policy, students found in violation are subject to grade sanctions determined by the course instructor and nongrade sanctions determined by the School or College where the course is offered as described in the Violation and Sanction Classification Rubric. SU students are required to read an online summary of the University’s academic integrity expectations and provide an electronic signature agreeing to abide by them twice a year during pre-term check-in on MySlice. Course Schedule: You are responsible for completing assigned readings prior to class. During lectures we will regularly extend the material beyond the readings, thus familiarity with the material will be essential to following the presented material. Week of:

Chapter(s)

Topics Covered

1/13 Intro, 10 Measuring a Nation’s Income 1/20 10, 11 Measuring a Nation’s Income ; Cost of Living 1/27 12 Productivity and Growth 2/3 13 Saving, Investment and the Financial System 2/10 14 The Basic Tools of Finance 2/17 15 Unemployment 2/24 --Review *Exam 1 Thursday 2/27 covering Chapters 10-15 3/2 16, 17 The Monetary System ; Money Growth and Inflation 3/9 18 Open Economy Macroeconomics: Basic Concepts 3/16 --Spring Break 3/23 19 Macro Theory of Open Economy 3/30 --Review *Exam 2 Thursday 4/2 covering Chapters 16-19 4/6 20 Aggregate Demand and Aggregate Supply 4/13 21 Monetary and Fiscal Policy 4/20 22 Inflation and Unemployment 4/27 ---Review *Cumulative Final Exam during University scheduled time...