Introduction to economic concepts, institutions, and analysis, particularly as related to the economy as a whole. May be taught with traditional approach or with strong mathematical emphasis.
CDE students only even after level restrictions are removed; Degree students enroll in EC 011 C; Total combined enrollment: 170
PREREQUISITES AND CREDITS No prerequisites. Principles of Macroeconomics is a 3 credit course, which represents a minimum workload of nine hours a week, including instruction. COURSE DESCRIPTION This course is an introduction to a field of economics called Macroeconomics, which looks at the behavior of the economy as a whole. Macroeconomics directly or indirectly deals with real life questions such as: Does globalization cause unemployment and inequality? Are there limits to economic growth? What is the rate of unemployment telling me about my chances to get a job after college? What are policy makers doing when there is an economic recession and does this work? Why are the Federal Reserve interest rates so important for the economy? Macroeconomics offers a rigorous way to understand and address those questions. It relies on the study of facts, data, and theories, which are covered in this course at an introductory level. The course is organized around five modules: • In Module 1, we study basic economic concepts and tools that apply to macroeconomics, • In Module 2, we focus on understanding international trade, • In Module 3, we learn how to measure the main indicators of macroeconomic activity, • In Module 4, we focus on the financial system and money, • In Module 5, we study economic fluctuations and government policies fighting expansions and recessions. LEARNING OBJECTIVES After this course, • Recall important macroeconomic data, trends, and events, • Describe and discuss macroeconomic issues, • Apply formulas to calculate macroeconomic indicators and interpret them • Analyze the macroeconomy and government policies using diagrams
REQUIRED TEXTBOOK You can either purchase the ebook online, or the loose-leaf version at the UVM bookstore. You do not need to purchase the “Sapling Plus” access. We will not use their website. Instead, you will complete your homework through Blackboard, which is free. eBook Macroeconomics by Paul Krugman; Robin Wells ©2018 Fifth Edition ISBN-10: 1-319-10858-X; ISBN-13: 978-1-319-10858-8 Loose-leaf Version for Macroeconomics by Paul Krugman; Robin Wells ©2018 Fifth Edition ISBN-10: 1-319-10851-2; ISBN-13: 978-1-319-10851-9 COURSE SITE Homework assignments and class notes are posted on Blackboard.
ASSESSMENTS Homework: 40% of the semester score. Homework assignments have to be completed by the due date to receive full credit. There is a 50% penalty for assignments turned in 24 hours late. The lowest homework grade is dropped. Tests: 60% of the semester score. There are three non-cumulative tests, each worth 20%. Grades: >=97%: A+ >=87%: B+ >=77%: C+ >=67%: D+ >=93%: A >=83%: B >=73%: C >=63%: D >=90%: A- >=80%: B- >=70%: C- >=60%: D- < 60%: F Grade appeal: Grade changes only happen in the rare occurrence a mistake has been made. There are no additional assignments or tests beyond those provided for everyone during the semester within the deadlines specified in the study plan.
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