FIRST SEMESTER - 2003-2004 (031)

Instructor         :           Dr. Mubarak Al-Ghamdi

Course           :           Econ 202.04 (10:00-10:50, SMW, B24/120)

                                    Econ 202.03 (11:00-11:50, SMW, B24/120)

Office              :           B24/209, Phone 2450

Office Hours   :           8:00-9:00 A.M. (SMW) and by appointment

Textbook        :           Economics, by Lipsey, et al, 12th Ed., 1999

                                    Study Guide, by Menz & Mutti, 12th Ed., 1999

Email              : 

Internet Assignments:           [see p. 3 of this syllabus].


Course Description:  Econ 202 is concerned with macroeconomic analysis of National Income Accounts, theory of national income determination, business cycles, inflation and unemployment, money and banking, fiscal and monetary policies, government debt and deficits, economic growth and development, and international trade.


Course Objectives:  The course is intended to give beginning students a sound foundation (or flavor) of the workings of the big pictures of the components of the national economy as a whole and how it functions – namely, an analysis of the behavioral function of total consumption, gross domestic investment, government spending, deficits, exports and imports, and the effects of changes in these components on gross domestic product (GDP) or national income.


Week                                        Chapter                               Topic

  1st   13-17Sep03                 Chapter   2                 Economics as Social Science


  2nd     20-24Sep03              Chapter 21                 What Macroeconomics Is All About                       

  3rd      27Sep03-                   Chapter 22                 The Measurement of National Income


  4th      04-08Oct03               Chapter 23                 National Income Determination - Part I

  5th      11-15Oct03               Chapter 24                 National Income Determination - Part II


First Major Exam, Thursday, 23 October 2003

Covers Chapters 21-24 and pp. 30-36 in Chapter 2

Old Administration Building (OAB) – 1:00-3:00 PM

  6th      18-22Oct03               Chapter 25                 Output and Prices in the Short Run

  7th      25-29Oct03               Chapter 26                 Output and Prices in the Long Run

  8th      01-05Nov03               Chapter 27                 The Nature of Money and Monetary Institutions

  9th      08-12Nov03               Chapter 28                 Money, Output, and Prices


Eid Al-Fitr Vacation

13-29 November 2003




10th     30Nov03-                   Chapter 29                 Monetary Policy



Second Major Exam, Sunday, 07 December 2003

Covers Chapters 25-29

Old Administration Building (OAB) – 5:30-7:30 PM


11th     06-10Dec03              Chapter 30                 Inflation

12th     13-17Dec03              Chapter 31                 Unemployment

13th     20-24Dec03              Chapter 32                 Government Debt and Deficits

14th     27-31Dec03              Chapter 33                 Economic Growth

15th     03-07Jan04               Chapter 35                 The Gains from Trade


Final Examinations, 10 - 20 January 2004

Covers Chapters 30-35

Course Requirements

1.         Two Major Exams (30% each)                                                                      60%

2.         Final Exam                                                                                                       30%

3.         Quizzes (5)and class participation                                                    10%



Special Note:           Hats are ABSOLUTELY not allowed to be worn in class!

Important Rules

1.         Major exams have equal weight.


2.         No make-up examinations or quizzes.


3.         Attending is compulsory.  Nine (9) unexcused absences will lead to "DN".


4.         Important Note:  For each unexcused absence, one point will be deducted from the OVERALL course grade.  For example, 8 unexcused absences = 8 points to be deducted from the OVERALL grade.  If a student got 70 points which is a "C" grade, then the final course grade would be 62 points which is, unfortunately, a "D" grade!










AACSB Perspectives:


The AACSB expects business curricula to incorporate a variety of perspectives on critical issues such as (1) ethical and global issues, (2) the influence of political, social, legal and regulatory, environmental and technological issues, and (3) the impact of demographic diversity on organizations.  The pervasiveness of these critical issues in economics is well-known at both levels, microeconomics as well as macroeconomics.  Needless to say, almost every chapter in an economics textbook talks about the above-mentioned critical issues in one form or another.


Computer Usage:







Students of Econ 202 (Macroeconomics) are required to take advantage of the Internet services shown in the following sites.  These economic services are free and considered to be applications of economic theories, as well as many self-test quizzes on each chapter to help students understand economic implications and prepare for major exams.  The sites are:


Communications Skills:


Student oral communication skills are developed through class participation in discussion of the subject matter, in questions-and-answers sessions, explanations and clarifications of some issues under discussions, etc.  Written communication skills are developed and enhanced through taking quizzes, exams, writing short essays and definitions of related economic terminologies and their economic implications.


Note:  This class requires three tools - strong English, use of graphs, and elementary math.


Assignments on the Internet:  Students are required (and held responsible) to go to this Website,, and study the “Multiple Choice Quizzes” which cover the major topics in each chapter we have covered.  Other Websites are shown above (p.3 of this syllabus).  They can be used as additional sources to enrich students’ economics background and help prepare them for exams and quizzes.



Website on Economics, by Lipsey, et al (1999), 12/e





                                                                                    Click on:

Student Support





                                                                                                                                    Click on



Under “How can I. . . . hAccess my book’s website  :Textbook Website








4.  Under choose a discipline, select                                                                                                                     








     Under choose an author, select





Student Resources



5.  Click on    





6.  Choose a chapter:           1 – 38 chapters


Multiple Choice Quiz


7.  Click on