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1 University of Georgia Terry College of Business, Department of Economics ECON 2105: Principles of Macroeconomics Spring 2009 TR: 12.30pm -1.45pm MLC 350 Instructor: Chadi Abdallah Office: 507 Brooks Hall, Terry College of Business Office Hours: Monday and Wednesday: 11.00am pm or by appointment. Office hours are not a substitute for class attendance: I will only entertain questions pertaining to specific issues on the course content. Course Web Pages: Webct Log in to to view your grades. You need your UGA username and password to log in. Aplia You are required to register with Aplia for this course. To access Aplia, you need to register and pay for this course at This web link will give access to an electronic copy of the textbook, your assignments, and announcements related to specific course content. Further instructions are provided on page five of this syllabus. Required Textbook: N. Gregory Mankiw, Principles of Macroeconomics, 4th Edition. Please read the Aplia handout prior to purchasing the textbook. Supplemental Readings: Readings from sources outside the texts will occasionally be assigned. These will be posted to Aplia. They are required for the course. Prerequisites: None. Course Description and Objective: Economics is the study of how individuals deal with the problems of scarcity and choice. The fundamental assumption of economics is that individuals behave rationally when faced with these problems. This assumption turns out to be extremely helpful in understanding important aspects of the world around us. We will begin the course by introducing a few simple economic models that help us understand rational decision-making. Our focus will be macroeconomics--the study of the economy as a

2 whole. Inflation, unemployment, interest rates, money, economic growth, and fluctuations in economic activity, are some of the macroeconomics concepts that are discussed in this course. We also analyze the effects of the government's fiscal and monetary policies on the overall economy. My primary objective is to introduce students to fundamental macroeconomic models and concepts to help them understand how economists explain aggregate economic activity. and Website: You are responsible for maintaining and checking your University account on a daily basis. Please use your University account for all academic correspondence. In addition, Aplia will contain announcements relevant for the course. Please make sure you check the Aplia site regularly for announcements. Attendance: I have no attendance policy for this course. However, note that excessive absences are often correlated with poor test performance. Assignments and Exams: Aplia Assignments I plan to give you assignments from Aplia. The questions may include any of the following: multiple choice, true/false, problem-solving and short answer. The purpose is to encourage you to follow along as we cover material in the course. It is your responsibility to check the Aplia site and keep up with these assignments. There will be 15 Aplia assignments; only 12 of those will count towards your grade (I will drop the lowest three). No late assignments will be accepted. Exams You will have two midterm exams and a noncumulative final exam. The midterm tests and the final exam may consist of a variety of types of questions, including multiple choice, problemsolving and short answer. Please come to the exams on time. If you arrive late for an exam, you will be allowed to take the exam provided that no student has left the classroom. However, you will not be given any extra time to complete the exam. You are allowed to use a basic nonprogrammable calculator for all exams; you may not use a cellular phone as a calculator. Makeup exams There will be no makeup exams for the midterm exams or the final exam. If you miss a midterm exam, I will add the weight of the missed exam to that of the final exam. Failure to take the final exam at the scheduled time will result in a grade of zero. Two exceptions to this rule apply: (i) If you complete the process outlined by the Office of Curriculum Systems ( verifying that you have another final exam scheduled for the same time or three final exams scheduled for the same day: Or (ii) If you have a family emergency or serious illness. Documentation of the emergency or illness will be required, and you must make arrangements promptly to take the exam at another time.

3 Exam Dates: Exam 1 Thursday, February 12 th Exam 2 Tuesday, March 31 st Final Exam Thursday May 7 th (12:00 pm 3:00 pm) Overall Course Grade: Your course grade will be calculated by multiplying the appropriate weight by your percentage score on each graded component and determining a weighted average. Grades will be determined by the following scale: A 93 & above A B B B C C C D F Your grade will be based on the following: Assignments 20 percent (all equally weighted) Two In-class Exams 20 percent each Final Exam 40 percent There are no opportunities for extra credit; you will receive the grade that you earn. Academic Honesty: You are expected to adhere to the UGA Honor Code, which states, I will be academically honest in all of my academic work and will not tolerate academic dishonesty of others. All academic work must meet the standards contained in A Culture of Honesty. Each student is responsible for knowing those standards before performing academic work. For more information, please consult The penalties for academic dishonesty are severe, and ignorance is not an acceptable defense. Cheating will not be tolerated. Special Needs: I am aware that there are many situations that may arise during the semester that can affect your in-class performance. Students with a disability or health related issues who need a classroom accommodation should make an appointment to see me as soon as possible. Please present the appropriate documentation from Disability Services at that time. Course Outline: The course syllabus is a general plan for the course; deviations announced by the instructor may be necessary. I will inform you of any deviations (including changes in exam dates) throughout

4 the semester via Aplia. Below is a tentative course outline. The numbers next to each topic correspond to chapters in the textbook. Part 1: Introduction 1. Ten Principles of Economics 2. Thinking Like an Economist 3. Interdependence and the Gains from Trade Part 2: How Markets Work 4. The Market Forces of Supply and Demand Part 4: The Data of Macroeconomics 10. Measuring a Nation s Income 11. Measuring the Cost of Living Part 5: The Real Economy in the Long Run 12. Production and Growth 13. Saving, Investment, and the Financial System 15. Unemployment Part 6: Money and Prices in the Long Run 16. The Monetary System 17. Money Growth and Inflation Part 7: The Macroeconomics of Open Economies 18. Open-Economy Macroeconomics: Basic Concepts Part 8: Short-Run Economic Fluctuations 20. Aggregate Demand and Aggregate Supply 21. The Influence of Monetary and Fiscal Policy on Aggregate Demand 22. The Short-Run Trade-off between Inflation and Unemployment

5 Course Name: ECON 2105, Principles of Macro - Spring 2009 Start Date: 01/08/2009 Instructor: Chadi Abdallah Course Key: P579-GF5H-F6PF Student Registration and Payment Instructions You can begin working on your homework as soon as you register! In this course, you will use a textbook and Aplia's website. In most cases, you can save money if you buy Aplia and your textbook together. See payment options below. You will have access to a digital version of your textbook using Aplia. Registration If you have never used Aplia before Connect to 2. Click the New Student link and enter your Course Key: P579-GF5H-F6PF. Continue following the instructions to complete your registration. If you have used Aplia before Connect to 2. Sign in with your usual address and password and enter your Course Key when prompted: P579-GF5H-F6PF. If you are not prompted for a new Course Key, click the Enter Course Key button to enroll in a new Aplia course. Enter your Course Key when you are prompted. * You will have different payment options after you register for your course. If you choose to pay later, you can use Aplia without paying until 11:59 PM on 01/28/2009. Payment Option 1: Digital Textbook with Aplia Access From Aplia: Purchase access to your course from Aplia's website for $70.00 USD. Option 2: Physical Textbook with Aplia Access (also includes digital textbook) From Aplia: Purchase access to your course for $70.00 USD and a physical book for $50.00 USD from Aplia's website. From Bookstore: Purchase an Aplia Access Card and a physical book together as a bundle from your campus bookstore. * If you purchased an Aplia Access Card from a bookstore, enter the Access Card's payment

6 code on Aplia's website as payment for your Aplia course. * You will have access to your digital textbook up until the end of this course.

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