EC316 (EX16) OK - Intermed. Macroeconomics

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About This Course

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This course has an assignment that is due by 11:55 pm Central Standard Time on Wednesday night of the first week of class. Failure to complete this assignment will result in your removal from the course for non-participation.

Textbooks

Please Note: A print textbook is NOT REQUIRED for this course.  Students must purchase access to Aplia which includes an e-textbook version of Arnold's 12th edition plus online homework assignments custom-designed for the book.  You can use a free trial for two weeks before having to pay.
 
Text: Mankiw, N. Gregory. Macroeconomics. 9th edition. New York: Worth Publishers, 2016.
 

Required to purchase: Aplia access (online course materials) with an ebook: This can only be purchased directly from the publisher. On the first day of class there will be a document in Resources and Materials that will give you instructions on how to purchase the online access.

Optional: Physical copy of the book: ISBN 13: 978-1-4641-8289-1. You can purchase this book but it is not required, because the book is available through Aplia access.

Online access to Aplia is required for this class.

Aplia is an online website that provides an e-textbook as well as online homework assignments. NOTE: Aplia is NOT “optional:” the Aplia exercises make up 25% of the total course grade. It would be next to impossible to pass the course without Aplia access. Most students find the e-textbook adequate for the course. With the ebook, students can bookmark and print out as much of the textbook as they want. For an extra fee students can order a print copy of the textbook through Aplia.
 
The information needed to sign up for immediate access to Aplia is provided under handouts (on the Resources and Materials page of the course after the course opens.)

Course Description

This course builds on the material covered in EC201.  After reviewing basic macroeconomic concepts, it looks at different models of how the aggregate economy functions in both the short-run and long-run (including Keynesian, monetarist, supply-side, and real business cycle models).  It also looks at the use of monetary and fiscal policies to stabilize the economy.  Prerequisites: EC201 and EC202.

Course Objectives

Upon successful completion of the course, each participant should be able to:

  1. understand the long-run behavior of the economy in terms of the forces that determine the level of real output at any point in time and its rate of growth over time;
  2. be familiar with the nature of the business cycle in the American economy and aware of the different theories concerning the determination of equilibrium output in the short-run;
  3. be aware of the implications of these different theories for the conduct of macroeconomic policy;
  4. have improved their research and writing skills.