KING FAHD UNIVERSITY OF PETROLEUM & MINERALS
DEPARTMENT OF FINANCE & ECONOMICS
FIRST SEMESTER - 2003-2004 (031)
Instructor : Dr.
Mubarak Al-Ghamdi
Course : Econ
202.04 (
Econ 202.03 (
Office : B24/209,
Phone 2450
Office Hours :
Textbook : Economics,
by Lipsey, et al, 12th Ed., 1999
Study Guide, by Menz & Mutti, 12th Ed., 1999
Email : mobarak@kfupm.edu.sa
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
pp.30-36
2nd 20-24Sep03 Chapter
21 What Macroeconomics Is
All About
3rd 27Sep03- Chapter
22 The
Measurement of National Income
01Oct03
4th 04-08Oct03 Chapter
23 National Income
Determination - Part I
5th 11-15Oct03 Chapter
24 National Income
Determination - Part II
First Major Exam,
Covers Chapters 21-24 and pp. 30-36 in Chapter 2
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
03Dec03
Second Major Exam,
Covers Chapters 25-29
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%
100%
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:
www.awl.com
www.econ100.com
www.mhhe.com/economics/frankbemanke
www.mhhe.com/economics/colander
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, www.awl.com, 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
www.awl.com
1.
Click on:
Student Support
2.
Click
on
Under “How can I. . . . hAccess my book’s website” :Textbook Website
3.
4. Under choose a discipline, select
Lipsey
Under choose an author, select
Student Resources
5. Click on
6. Choose a chapter: 1 – 38 chapters
Multiple Choice Quiz
7. Click on