SYLLABUS FOR SPRING 2004

INSTRUCTOR:    Lee J. Van Scyoc
OFFICE:        Swart 208                                                   
OFFICE PHONE:  424-7153
OFFICE HOURS:  9-10 a.m. MTWRF; (and by appointment)

               REQUIRED       Principles of MacroEconomics, Frank & Bernanke, 2nd Edition.
               MATERIALS:     Study Guide.

               COURSE         Completion of 67-108 or 67-204 or 67-171 with a grade of "C"
               or higher;
               PREREQUISITES: or, for freshman students, qualification for enrollment in
               67-171 at the time of their admission to the University.

  I. Course Objectives

               A.   The broad objective of this course is to provide you with the
          concepts and "tools" needed to understand the operation of the
          American economy.  To look at problems like unemployment,
          inflation, and economic growth.

     B.   The subject matter can be divided into four main categories:

          1.   An introduction to economics and some basic tools.
          2.   National Income and Fiscal Policy.
          3.   Money and Banking and Monetary Policy.
          4.   International Economics.

               C.   For a detailed listing of course and chapter objectives, see the
          first page of each chapter in your study guide.

 II. Evaluation and Grading

     A.   Examinations
                         1.   There will be four examinations during the semester.  Each
               will consist of 50 multiple choice questions covering
               materials presented in class lecture and the assigned
               chapters in the textbook.  (See assignment section for
               tentative dates of examinations.)

                         2.   Examinations cannot be made up, except under the following
               condition:  You must present a written excuse proving
               illness or a serious family emergency within 1 working day
               after the exam was given to be eligible to take a make-up
               exam.  All make-up exams will be given during the last week
               of the semester; consult with the instructor as to time,
               form, and content.

                         3.   Exact cutoff points for the final grade in the course cannot
               be determined until the end of the semester because
               standards on exams may vary somewhat.  However, the
               following is a fairly accurate guideline for determining the
               final course grade (there are 200 maximum points available):

                                    A     =     180 total points
                                    AB    =     175 total points
                                    B     =     160 total points
                                    BC    =     155 total points
                                    C     =     130 total points
                                    CD    =     120 total points
                                    D     =     110 total points

                         4.   Extra credit will be given for handing in homework projects.
               One point for each assignment.  Due dates will be given in
               class.  No late assignments will be accepted under any

     III. Additional Important Information

               A.   Do all the work assigned regularly to maximize your grade. 
          Economics is not a subject most people can easily grasp by simply
          reading the textbook, and "cramming" before exams rarely works. 
          You need to do all the work assigned regularly week by week. 
          Ignoring the student guide and the computer simulations is a high
          risk decision.  Very few people can earn the grade they are
          capable of without doing all the work.

               B.   Attendance.  Regular class attendance is expected of all
          students.  Attendance records will be kept to further evaluate
          those students who have a "borderline" grade at the end of the

               C.   How to use the student guide.  Do all matching, fill-in,
          true/false, unlimited multiple choice, and problem items for each
          chapter immediately after you have read the chapter.  Leave the
          standard multiple-choice questions until you are reviewing  for
          the upcoming examination - as a group, they become a sample exam.

               D.   Lectures and Readings.  I will not lecture on all chapters or
          chapter topics.  This does not mean you are not responsible for
          topics not discussed.  If the reading is assigned, you are
          responsible for it - follow the objectives carefully!  Likewise,
          at times (especially in the second half of the semester) I will
          discuss topics not in the book or only briefly mentioned in it. 
          You are also responsible on exams for any of these extra topics
          discussed in lecture.

  IV.     Course Schedule

          Although I cannot guarantee strict adherence to the following
     schedule, I will make every effort to do so.
     Week #1 - Feb 2 
          Topics:        Introduction to the course and economics.
          Readings:      Chapters 1 and 2
          Activities:         A.   Student Guide, Chapters 1 and 2
                                                       B.   Optional material following Chapter 1 if you
                              are uncomfortable with graphs and graphing
     Week #2 - Feb 9 
          Topics:        Supply and Demand.
          Readings:      Chapter 3
                                   Activities:         A.   Student Guide, Chapter 3
     Week #3 - Feb 16 
          Topics:        Private and Public Sectors and Global Economy.
          Readings:      Chapter 4
          Activities:         A.   Student Guide, Chapter 4
                                                                 B.   FIRST EXAMINATION 
     Week #4 - Feb 23 
          Topics:        GDP and Instability.
          Readings:      Chapter 5 and 6
          Activities:         A.   Student Guide, Chapters 5 and 6
     Week #5 - Mar 1  
          Topics:        Global Economic Growth.
          Readings:      Chapter 7
                                   Activities:         A.   Return examinations.
                              B.   Student Guide, Chapter 7
     Week #6 - Mar 8
          Topics:        Real GDP and Price Level in Long Run
          Readings:      Chapter 8
          Activities:         A.   Student Guide, Chapter 8
                                                                 B.   SECOND EXAMINATION
     Week #7 - Mar 22
          Topics:        Savings and Capital.
          Readings:      Chapter 9
          Activities:         A.   Student Guide, Chapter 9
     Week #8 - Mar 29
          Topics:        Monetary Policy.
          Readings:           Chapter 10 and 11
          Activities:         A.   Return examinations.
                              B.   Student Guide, Chapter 10 and 11
     Week #9 - Apr 5
          Topics:        Short-Run Fluctuations.
          Readings:      Chapter 12
          Activities:         A.   Student Guide, Chapter 12
     Week #10 - Apr 12
          Topics:        Spending in S/R.
          Readings:      Chapter 13
          Activities:         A.   Student Guide, Chapter 13
                              B.   THIRD EXAMINATION
     Week #11 - Apr 19
          Topics:        Monetary Policy in S/R
          Readings:      Chapter 14
          Activities:         A.   Student Guide, Chapter 14
     Week #12 - Apr 26    
          Topics:        Stabilization Policy AD & AS.
          Readings:      Chapter 15
          Activities:         A.   Return examinations.
                              B.   Student Guide, Chapter 15
     Week #13 - May 3
          Topics:        International Trade
          Readings:      Chapters 16
          Activities:         A.   Student Guide, Chapter 16
     Week #14 - May 10
                                   Topics:        International Finance
          Readings:      Chapter 17
          Activities:         A.   Student Guide, Chapter 17
                              B.   FOURTH EXAMINATION

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Owner of this document is Lee Van Scyoc
This document was last updated Jan. 20, 2004
Send questions or comments to vanscyoc@uwosh.edu