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MACROECONOMICS
1023
COURSE OUTLINE
Winter 2013
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Instructor: Dr. Harry Hillman Chartrand,
PhD
Location:
HHLT
Class:
T. & Th. 1:00-2:20
Teaching Style:
Students are expected to read the
lecture notes before each Class.
The Instructor will be open to questions and exchange with and between members of the
Class.
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Phone:
506.648.5545
Email:
Harry.Chartrand@unb.ca
Website:
http://www.compilerpress.ca/ElementalEconomics/
Office
Hours: Hazen Hall 224B, T.
& Th. 11:00-12:45
All Emails MUST
include
Student Name & Number, Course & Section Number.
Please!
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Theme:
Study
of the National Economy including
broad aggregates such as employment, fiscal policy (tax & spend), foreign trade,
growth, monetary policy, prices and technological change.
Required Text: Ragan & Lipsey
(R&L),
Macroeconomics:
13th Canadian Edition, Pearson, including online
MyEconLab
Lecture notes
are keyed to R&L chapter figure number. Notes marked
'not testable' are for information purposes only. |
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Evaluation:
*
10 Online Assignments
3 Midterm Exams
1 Final Exam
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Topics |
Themes |
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1.0 Introduction
Ch. 1, 2 *, 3, 19 & 20
Learning Outcome:
knowing key concepts used throughout the course
* Must read
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1.1 Wealth of Nations
1.2 Concepts
1.3 System of
National Accounts
1.4 Links |
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2.0 Aggregate Expenditure
& Demand
Ch. 21, 22 & 23
Learning Outcome
knowing
what determines aggregate expenditure and demand and the impact of the
changing aggregate price level |
2.0 Introduction - Aggregate Expenditure
Closed Economy
2.1 Consumption
& Savings
2.2 Investment &
Government
Open Economy
2.3 Imports &
Exports
2.4 Aggregate
Demand
2.5 Circular Flow of Income
2.6 The
Multiplier |
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3.
Aggregate Supply
Ch. 23 & 24
Learning Outcome
knowing
what determines aggregate supply and the equilibrium state of the
economy |
3.1 Aggregate
Supply: Short Run
3.2 Aggregate Supply: Long
Run/Potential
3.3 Equilibrium: Recessionary,
Full Employment & Inflationary Gaps
3.4 Links |
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1st Mid-Term Test
Learning Outcome
knowing
what determines the state of the economy |
Ch..21,22, 23 & 24
30 questions, 45 minutes in class |
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4.0 Public Policy
Ch. 27, 28, 29 & 32
Learning Outcome
knowing
how government manages the national economy using fiscal (tax &
spend) and monetary policy |
4.1 Fiscal
Policy
4.2 Monetary
Policy
4.3 Links |
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2nd Midterm
Learning Outcome
knowing
how government manages the national economy |
Ch. 27, 28, 29 & 32
30 questions, 45 minutes in class |
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5.0 Global Economy
Ch. 33 & 35
Learning Outcome
knowing
how foreign trade and exchange affects the domestic
economy |
5.1
Trade Policy
5.2 Balance of
Payments
5.3 Links |
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3rd Mid-Term
Learning Outcome
knowing
how trade and exchange affects the national economy |
Ch. 33 & 35
30 questions, 45 minutes in class |
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Final
Learning Outcome
knowing
introductory macroeconomics |
Ch. 21, 22, 23, 24, 27, 28, 29, 32, 33 & 35
100 questions, 180 minutes
(to be announced) |
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* Evaluation
Marking will be done using two methods with
the final grade being the highest of these two scores.
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METHOD A |
METHOD B |
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10 Online Assignments
(average) |
20% |
10% |
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3 Midterms (average) |
45% |
30% |
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1 Final |
35% |
60% |
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100% |
100% |
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Note
* A score of less than 50% on the
final will result in a overall grade no greater than a D! |
All testing is multiple choice.
For midterms and the final exam
op scan sheets are used. Each Student must use a lead pencil 'to
fill in the dots' and code their Student Number correctly. Each
Student is responsible for the legibility of their opscan sheet.
Fresh sheets will be issued any time during an exam. No
additional time is allowed to copy a sheet or make corrections after the testing
period. Failure to correctly code Student
Number will result in delay of results and possible demerit. Online
assignments
The weight of a missed
midterm (A -15%; B - 10%) may be transferred to the final exam on condition documentation
is provided specifying acceptable causes such as
sickness, family emergency, jury duty, etc.
Approximately 75% of testable material
is from the text and/or posted on this site 25% will be identified in
class.
Undergrad UNB Grade Scheme (Non-Official as posted on
D2L)
F 0 59.4
D 59.5 64.4
C 64.5 69.4
C+ 69.5 72.4
B- 72.5 75.4
B 75.5 79.4
B+ 79.5 84.4
A- 84.5 89.4
A 89.5 94.4
A+ 94.5 100
NOTICE
1. No electronic devices are allowed during midterms and the final exam.
Paper dictionaries are permitted for both.
3. Plagiarism
& Academic Dishonesty will not be tolerated.
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