Ec102 Sec AA Fall 2014 Syllabus

Topics: Inflation, Aggregate demand, Monetary policy Pages: 14 (2331 words) Published: December 5, 2014

Professor:Bruce Watson

Lectures:Section AAMondays, Wednesdays and Fridays, 2:00 – 2:50
Kenmore Classroom Bldg Auditorium

Office:Room 537 in the Economics Dept., 270 Bay State Road

Office Hrs:Tuesdays3:00 – 4:30
Wednesdays5:00 – 6:30
(Starting Tuesday, Sept. 16)

Blackboard Site:

TFs and Sections: The economics department staffs a “TF Principles Center” in Room B17 (in the basement) of the Economics Department, 270 Bay State Road. A TF will ordinarily be there Mon. – Thurs. from 10 to 6, and Fri. from 10 to 5. It is best if you can go whenever one of the TFs assigned to our class is “on duty”; they are terrific and are obviously the most knowledgeable about exactly what our class is covering. The office hours for our TFs will be posted on the class Blackboard site.

However, if you cannot make it when one of our TFs is available, you can go to the Principles Center any time it is open to get some help.

Sections are designed to review material presented in lecture, to go over example problems, and to prepare you for exams. They meet at specific times with your assigned TF. Sections in this course are optional. However, you will find it greatly to your advantage to attend. We are very fortunate to have fantastic TFs, and I’m sure their sections will be very helpful to you.


This course provides an introduction to current economic issues and to basic macroeconomic principles and methods. The economist John Maynard Keynes wrote that "the ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is commonly understood." Economics is not primarily a set of answers, but rather a method of reasoning. By the end of the semester, you will be able to use the analysis practiced in the course to form your own judgments about many of the major economic problems faced by the United States and other countries.

Macroeconomics is the study of the economy as a whole. We start with the three key macro variables: GDP, inflation and unemployment. We go on to study economic growth, financial markets, business cycles, and the impact government can have on the economy through monetary and fiscal policy. Along the way, we will cover such topics as interest rates, investment, the exchange rate, and international trade.

Course Requirements


There will be three multiple choice exams given in the course—two midterms and a final. The dates of the exams are:

Fri., Oct. 10 (covering the material from Fri., Sept. 5 through Wed., Oct 1)

Fri., Nov. 7 (covering the material from Wed., Oct. 1 through Fri., Oct. 31)

After both of the midterms and the final, your score will be available on the course Blackboard site as soon as possible. You will be able to log in and see only your score.

The final exam for our course is on Monday, Dec. 15, from 3:00 to 5:00.

The final will be cumulative, but slightly weighted toward material covered after the second midterm.

Please Note:

It is your responsibility to plan your travel ahead around exam dates. In particular, the date of the final exam is determined by the Registrar and cannot be changed for any reason.

The lower of each student’s two midterm scores will be dropped from the calculation of their semester grade. If you miss one of the midterms for any reason, you will receive a zero, and the score will be dropped from the calculation of your semester grade. No makeup exams will be given. If you miss both midterms for any reason, you will receive a grade of zero for your midterm score.

Problem Sets

There will be ten problem sets assigned during the term. These will be multiple choice sets completed on MyEconLab. Further instructions about MyEconLab will be given well before the first problem set

The due date on problem sets cannot be extended...
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