ECON 102: PRINCIPLES OF MACROECONOMICS 2023 SUMMER SESSION
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ECON 102: PRINCIPLES OF MACROECONOMICS
2023 SUMMER SESSION
1. COURSE FORMAT
Students meet with the instructor twice a week in a classroom setting. Class time is used for discussion, explanation, and problem-solving.
Economics is a way of thinking. As such, an active, question-based approach to learning is most effective.
Regular class attendance is essential since [a] critical thinking skills are difficult to develop if reading the textbook is your sole exposure to economics and [b] I will, from time to time, present problems and material not covered in the course text and [c] Most of my exam questions come from materials discussed in class which might not necessarily be in my lecture notes, so try to take notes and listen attentively.
Weekly work includes [a] assigned reading, [b] review of relevant “Student Chapter Packages” [available on the course website], and [c] short answer assignment questions [submitted in hard copy form at the beginning of specified class dates] and [d] review of macroeconomics articles related to Canada.
2. COURSE DESCRIPTION
We cover the following topics:
1. Introductory concept of demand and supply
2. Measurement of macroeconomic performance – real GDP, price indexes, labor force variables
3. Determinants of long-run productivity growth
4. Saving, investment, and the financial system
5. Long run unemployment and public policy
6. The monetary system
7. Money growth and inflation
8. Open economy basics – net exports and net capital outflows, purchasing power parity, interest rate parity
9. Short-run macroeconomic fluctuations: the aggregate demand aggregate supply model
3. COURSE OBJECTIVES
Upon successful completion of this course students shall be able to:
[a] Identify and explain key macroeconomic principles.
[b] Apply these principles to offer logical explanations of macroeconomic behavior.
[c] Identify and measure different macroeconomic variables and how they are used to explain macroeconomic performances
[d] Discuss the performance of the Canadian economy after the 2008/2009 recession.
[e] Examine the effects of Covid- 19 on the performance of the Canadian economy.
4. REQUIRED TEXTBOOKS AND MATERIALS:
1. Mankiw, Gregory et. al., Principles of Macroeconomics, Seventh Canadian Edition, [Nelson]
2. Ragan, C. Macroeconomics. 6th Canadian Edition.
5. COURSE EVALUATION:
Article Summary (2) |
10% |
Quizzes |
15% |
Midterm (1) |
30% |
Final Exam |
40% |
Class Participation |
5% |
Total |
100% |
6. ONLINE CONTENT:
The online component of the course (MyCC Quizzes) can be accessed through Coquitlam College’s web user interface (Moodle). I will also post documents, PowerPoint notes, and any other useful information on the ECON102 course webpage. Please check the webpage for updates, especially before exams. https://mycc.coquitlamcollege.com (New students to the college must create a new account).
7. EVALUATION NOTES:
• Midterm exams and the final exam will be a combination of multiple-choice questions, true/false questions, and short- answer questions. The final exam is comprehensive. No make-up midterm exams will be given.
• Article summaries will be based on news articles provided by the instructor. Further assignment details will be provided in class. I will be checking closely for plagiarised work, the first offense will result in a mark of zero, and the second offense will result in a meeting with the principal, at which time a permanent record will be made in the student’s file.
• Class participation marks will be based on answering questions and taking an active part in classroom activities.
8. INSTRUCTOR’S POLICY ON LATE OR MISSED ASSIGNMENTS AND EXAMS
Late assignments are not accepted.
Final exams cannot be rescheduled.
Missed exams cannot be made up unless I designate extenuating circumstances. Designation of extenuating circumstances requires [a] the student contact me by email at least 24 hours before the exam date and time, [b] I agree the student has identified acceptable extenuating circumstances, and [c] the student provides official documentation regarding the circumstances that I find acceptable.
If you will be missing an exam due to medical reasons, you are required to produce a note from a physician. The note must clearly state that the Doctor certifies you are ill and the dates that you are unable to satisfy course requirements. The College reserves the right to contact the physician's office, not to discuss confidential specifics, but to verify that the note is legitimate.
Make-up exams must be written on the date and time I designate – students must alter school/work schedules etc. accordingly.
It is a student’s responsibility to know and follow the school’s policies regarding cheating on exams.
The school’s policy regarding electronic devices is that any student who has a cell phone or other unauthorized electronic device (ie. Ipad, laptop, playbook, etc.) on their person or around their desk during an exam will be guilty of cheating and will a grade of “F” for the course.
Students are expected to attend at least 50% of their classes or they may be excluded from taking the final exam. GRADING: Conversion of numerical scores and letter grades will be done in accordance with the Coquitlam College University Transfer Program’s grading system .
Course Content
Week |
Topic |
Chapter |
Assignment and Quizzes |
Due Date |
Week 1 (May 1, 3) |
The Market Forces of Supply and Demand |
4 |
|
|
Week 2 (May 8, 10) |
Measuring National Income |
5 |
Quiz 1 |
|
Week 3 (May 15, 17) |
Measuring the Cost of Living |
6 |
Quiz 2 |
|
Week 4 (May 22, 24) |
Production and Growth |
7 |
Quiz 3 |
May 22 is Victoria Day, no school |
Week 5 (May 29, 31) |
Saving, Investment, and the Financial System |
8 |
Quiz 4 |
|
Week 6 (Jun 5, 7) |
Midterm |
Chapters 4, 5, 6, 7, 8 |
|
Midterm, June 7 |
Week 7 (Jun 12, 14) |
Unemployment and Its Natural Rate |
9 |
Quiz 5 |
Article Summary 1 Due |
Week 8 (Jun 19, 21) |
Monetary System |
10 |
Quiz 6 |
June 21 is National Indigenous Peoples Day, no school |
Week 9 (Jun 26, 28) |
Money Growth and Inflation |
11 |
Quiz 7 |
Article Summary 2 Due |
Week 10 (Jul 3, 5) |
The Macroeconomics of Open- Economy |
12 |
Quiz 8 |
July 3 is Canada Day, no school |
Week 11 (Jul 10, 12) |
The Simple Short-Run Macroeconomic Model |
21 & 22 (Ragan) |
|
|
|
Final Exam |
|
|
TBA |
*Tentative schedule and content. Check the final exam schedule for updates.
2023-06-26