Principles of Macroeconomics Econ 2020-
Syllabus, Summer 2013

Instructor: Ahmad A. Borazan
Class Time: Thursday 06:00 PM-09:00 PM 
Place: OSH 237
Office Hours: By appointment
Office: OSH Building 213 (Main Campus)
Email: ahmad.borazan@utah.edu

Course Objective: This course is an introduction to the economic activity at aggregate level. Topics in this course include basic macroeconomic concepts such as growth, inflation, unemployment and also government tools in stabilizing and stimulating economy i.e. fiscal and monetary policy are considered in addition to open economy issues. Discussions of past economic events and application of the learnt concepts is a main part of this course. The goal is to make the student able to understand these concepts and interpret macroeconomic processes in a critical way.

Readings: Textbook – Krugman/Wells “Macroeconomics,” 2nd or 3rd edition. The textbook can be purchased from the university’s bookstore. Other articles from economic journals and newspapers will be supplied when necessary.

Coursework: There will be one midterm exam, one final, and two assignments which will contribute to you final grade as following:

Final Exam:                       40%
Midterm Exam:                 30%
Assignments:     2*15% = 30%

To pass this course successfully you need to attend the class and read the chapters from the textbooks and the required articles (there will be one required article for some of the chapters that we will discuss in the class), in addition to doing your assignments on time. 
A tentative date for the midterm is the 11th of July; the final exam will take place at the final week. Both exams will be closed notes exams and will cover multiple choice questions, quantitative problems, and essays.

Make up Exams: Make up exams are allowed just in extreme and documented cases. You should give me at least four weeks notice otherwise no make-up exam will be available.

Tentative Course Schedule:
The length of the semester may not prove sufficient for discussing in details all the topics presented in the book. The main focus will be on chapters 6-18.

Week1:                          Introduction to Macro -Supply and Demand                 Chapters 6,3                   

Week2:                          -Tracking the Macro economy
                                           Unemployment and Inflation                                        Chapters 7-8               

Week 2:                          Growth, Savings and Investment                                 Chapters 9-10                                                 

Week 4:                          Income and Expenditure
                                      Aggregate Demand and Supply                                       Chapter 11-12                       
                                             
                                           Review for Midterm Exam

Week 4                                                  Midterm Exam

Week 5                        Stabilization, Fiscal and Monetary Policy; Inflation, 
                                                          Disinflation and Deflation                            Chpts 13-16

Week 5-6                         
                                                       The Open Economy                                     Chapters 18-19

Week 6                                              Review for the final