Course Title Econ 2 Principles of Macroeconomics 8 week/ mixed mode. Tuesday 6:50PM-9:30PM. Oct. 23 Dec. 11. Golden Gate University

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1 Course Title Econ 2 Principles of Macroeconomics 8 week/ mixed mode Fall 2012 San Francisco Oct. 23 Dec. 11 Tuesday 6:50PM-9:30PM Golden Gate University Professor Phil Friedman Contact Information Tel: [cell] E mail: Pfriedman@ggu.edu Important Dates: First Day of Class: Tues. Oct. 23 Last Day of Class: Tues. Dec. 11 l. Course Description: Introduces the nature and analysis of data and phenomena that impact the national economy. Special focus on the problems of inflation, recession, unemployment, international trade and financial system instability. (ECON 1 & ECON 2 need not be taken in sequence and can be taken simultaneously.) Prerequisite or co-requisite: MATH 20. Recommended prerequisite or co-requisite: ENGL 1A. 2. Course Objectives Economics describes the workings of our market economy, gives insight into scarcity, choice and resource allocation, and provides an understanding of the underlying structures that drive the environment in which business operates. The objective of the course is to learn the workings of the macro-economy At the end of this course, students are expected to be able to do the following: 1. Understand scarcity, choice and the workings of the market economy 2. Identify costs associated with making decisions. 3. Apply the basics of the market economy to business decisions 4. Discuss the variables that affect the level of economic activity and their relationships 5. Explain how monetary & fiscal policy affect economic conditions

2 3. Required Materials: Textbook: Gwartney, Stroup, Sobel & Macpherson. Macroeconomics, Private and Public Choices. 13th Ed. South-Western ISBN BookStore: To purchase course books and materials from efollett, GGU's official online bookstore, go to University Library Find the GGU Library Home Page at There are several databases available through the Golden Gate University Library for students to conduct research on various topics. Remote (off campus) access to the databases requires your last name and student ID# (located on the front of your ID card). Be sure to type in ALL 7 digits, including the starting 0. Example: Contacting the instructor By [anytime] and/or cell phone. Calls only M-F, 9:00am thru 5:00pm E mail: Pfriedman@ggu.edu Tel: [cell] 5. Course Grading, Student Responsibilities, Evaluations, Course Outline The conduct of the class is weighted toward lecture with questions and discussion invited at any time. Reading assignments are expected to have been completed before each class meeting CLASSES WILL BEGIN ON TIME: 6:50pm THERE WILL BE ONE CLASS BREAK. Evaluations

3 You will receive an opportunity to evaluate the course and instructor at least once this term. The course is organized around 8 weekly sessions with! Reading assignments (reading the text and the session notes)! Discussion assignments (posting answers to discussion questions) You should complete all assignments as indicated in the lesson PRIOR to each session including the FIRST SESSION. The discussion area is used to post your discussion answers. Note that the discussion area is public, that is, postings may be viewed by classmates and the instructor. The Class Discussion Topics will be the topics that I assign, associated with each Session's reading. I look forward to seeing everyone make significant contributions. Class Discussion postings are due PRIOR to the start of each session except session one. Your contributions to the discussion area complement classroom discussion In your contributions to the discussion area, I am looking for the free flow of diverse ideas that one sees in a good classroom discussion. I am also looking for some signs of care in composition and editing. Write to show me that you have read the assigned reading, and that you have given some real thought to it. I expect your contributions to the discussion area to also show evidence that you have read the contributions of the other students. Grading Policy The course grade is determined by computing the weighted average of the scores you receive on discussion answers and two exams. Category Percentage of Grade Discussion: 20% [Discussions earn a grade of A, but the absence of participation in any week will result in a loss of 25% of the Discussion grade. Miss four discussion postings and earn a zero value for 20% of the course grade]. Midterm: 35% Final: 45% Both exams may require short essay, quantitative and multiple-choice answers

4 Information on the University s plagiarism policy can be found at Course Outline [Week Chapter(s)]/ Topics PRIOR TO EACH CLASS INDICATED BELOW [*] THERE WILL BE A MIN. OPENING DISCUSSION OF ECONOMIC CURRENT EVENTS. STUDENTS ARE EXPECTED TO PREPARE BY READING NEWS MEDIA AND/OR BUSINESS AND ECONOMIC RELATED SOURCES Oct. 23: [1 & 2]/ Introduction & Tools of Economists Oct. 30: [3 & 4]/ Supply and Demand Applications Nov. 6: [5 & 6]/ Role of Government Nov. 13: Mid Term Exam Nov. 20: [7& 8] Economic Performance, Inflation & Unemployment Nov. 27: [9,10 &13]/ Macro Markets, Money, the Fed, Fluctuations and Aggregate S&D Dec. 4: [11,12 &14] Fiscal Policy and Monetary Policy Dec. 11: Final Exam 6. Academic Integrity Policy GGU's Policy on Student Academic Integrity is in effect at all GGU teaching locations, including regional classroom sites, corporate sites, and distance courses delivered in any medium. This policy applies to all business, taxation, and technology students at Golden Gate University. Academic integrity means doing academic work in a manner that strives to achieve the learning objectives your courses have set out for you. It means that you follow the rules and procedures prescribed by your instructors so that you acquire the skills and knowledge your courses are designed to give you. It means that you engage in ethical practices in taking tests and doing assignments and that you respect intellectual property rights by fully disclosing sources of information that appear in your papers and presentations. GGU provides many resources and services that assist you in learning the required research and documentation skills. Please read GGU s Policy on Student Academic Integrity: Policy on Student Academic Integrity 7. Disability Accommodations

5 Golden Gate University seeks to ensure that all programs and services are fully accessible to students with disabilities who identify and express their needs. Information regarding The Americans with Disabilities Acts and GGU s policies and services can be found at: 8. Instructor Bio Fall, 2012 Philip Friedman President Emeritus & Professor of Economics Golden Gate University Emeritus as of January of 2007, Phil was previously appointed President in February 2000 having served as A President since April 1999 and vice-president for Academic Affairs/Provost since 1997 at Golden Gate Univers Also previously vice-president for Academic Affairs/Provost at Bentley College, Waltham, MA from academic year, Dr. Friedman also served as chief executive and operating officer of that colleg period of transition and presidential search. His major scholarly interests include industrial economics, corporate joint ventures, applied econometrics, b financial intermediaries, financial markets, econometric history, and management policy. He has written macroeconomics, economic theory, and corporate joint ventures as well as a Macroeconomics text co-au Martin N. Bailey, formerly chair of the Council of Economic Advisors, a cabinet level office in Preside Administration. He has written numerous articles on economic issues and corporate policy, some of which have appeared in The California Management Review, The Review of Economics and Statistics, The Southern Economics Jo The Journal of Economic History, The Journal of Economics and Business, The Anti-Trust Bulletin, and Business in the Contemporary World. He has undertaken granted research for the National Science Founda He served as a member of visitation committees for the American Assembly of Collegiate Schools of Business and on Accreditation Teams for both the New England and Western Association of Schools and Colleges (N (WASC in addition to serving on the board of Visitors for Hebrew College, Brookline, MA, the Boards of M Hospital, First Union National Bank and local Chambers of Commerce as well as a number of other civic a organizations. His corporate consulting assignments include Digital Equipment, ITT, Georgia-Pacific, Guilford Mills, United Gu Precision Fabrics, Harbor Investment Group, 1 st Home Federal, the U.S. Department of Transportation, and ot banks, and financial institutions. Prior to Bentley, for six years, Dr. Friedman was Dean of the Joseph M. Bryan School of Business and Econom University of North Carolina at Greensboro. Earlier, he held several academic administrative positions University including; MBA Program Director, program director for professional management programs, Asso for graduate studies in the School of Management and Chairman of the Department of Finance and Economics His first post-doctoral appointment was as an Assistant Professor in the School of Business Administra University of Florida. He earned his undergraduate degree [B.B.A.] in 1968, after seven years of full and part time study in eco statistics at the City College of New York, Baruch School of Business and Public Administration, while working and statistician for Forbes Magazine. In 1972, he received his Ph.D. in economics, econometrics and economic history from the Massachusetts Institute of Technology. Professor Friedman was born in the Bronx, N.Y. on March 17, Married to Susie Friedman who teaches p school at the Walnut Creek Jewish Community Center and who has been in early childhood education/adminis at Temple, Synagogue or JCC based preschools since Their children, Sharin, 29, holds a B.A. from UC San Diego and a Master of Arts/Teaching at USC, she s currently teaching English in Shanghai, Damon, 34, married to Stacy, graduated from Sonoma State majoring ecology & biology and works in biotech at Novartis in Emeryville & Ethan, 40, married to Kimberly, completed Law School at the University of San Francisco and is now a partner with the law firm Bowles, Verna Walnut Creek, specializing in real estate litigation. Ethan & Kim s first son Alden was born on September 25, 2000 and shares being the most important person in family with his younger brother, Cayden born, on July 21, 2003.

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