ECON 1100 - Principles of Macroeconomics

Course Description

This course will adopt a traditional approach to teaching introductory Macroeconomics. We will use real-world data to understand the topics and the current state of the economy. By the end of the semester, you will have a basic idea about the macroeconomic concepts and the US economy.

Textbook

Mankiw, N. Gregory.Principles of Macroeconomics, 9th ed.

Course Outline

  • Week 01-04: Economic Intuition Development (Chapter-1,2,4,10,11)
    • Introductory Math Concepts (Line, Slope, & Solving System of Equations)
    • Micro-Foundation (Individual’s Income, Asset, & Consumption)
    • Measuring Income and Inflation
  • Week 05-12: Closed Economy Macroeconomics (Chapter-12,13,14,15,16,17,20,21,22)
    • Growth Model (Linear, Solow)
    • Private Sector (Consumption & Investment)
    • Public Sector (Government Spending)
    • Monetary Policy (Federal Reserve Bank)
    • Fiscal Policy (The US Treasury Department)
    • Debt (Federal, Household, & Corporate)
    • Taxation (Income, Consumption, & Corporate)
    • Inequality (Income, Wealth & Opportunity)
  • Week 13-15: Open Economy Macroeconomics (Chapter-3,9,18,19)
    • International Trade (Export-Import)
    • International Finance (Cross Border Investment)

Letter Grades

The following grading scale will be used to determine your final course grade:

Grade

94 − 100
A

90 − 94
A-

87 − 90
B+

84 − 87
B

80 − 84
B-

77 − 80
C+

74 − 77
C

70 − 74
C-

65 − 70
D

< 65
F

Problem Sets

I will upload problem sets on Blackboard every week. Create a designated notebook so that it is easier to compile all assignments by the end of the semester. You should hand write your assignments. You are responsible for finding, completing, and submitting your work. You will submit all your work at once, on the day of the final Exam.

Exam

All exams will be in person.

Attendance and Classroom Etiquette

Students may not exceed a maximum of four total absences (excused or unexcused). Absences for reasons of a religious holiday, serious illness, death in the student’s immediate family, or required participation in a university-sponsored event are excused absences with the appropriate documentation. When attending class, be punctual and prepared to engage in discussion. The relevant material should be read before class, as the lectures expand upon the readings.

Academic Integrity

Make yourself familiar with the University’s policy on academic integrity in the student handbook. There will be zero tolerance for academic dishonesty. Any student caught engaging in such behavior will immediately be reported according to the University’s standard procedure.

Disability Services

Under the Americans with Disabilities Act and Section 504 of the Vocational Rehabilitation Act of 1973, all students, with or without disabilities, are entitled to equal access to the programs and activities of Fordham University. If you believe that you have a disabling condition that may interfere with your ability to participate in the activities, coursework, or assessment of the course object, you may be entitled to accommodations. Please schedule an appointment to speak with someone at the Office of Disability Services (Rose Hill – O’Hare Hall, Lower Level, x0655, or at Lincoln Center – Room 207, x6282).