A. Basic Information
Instructor: Archibald R. M. Ritter
Office: B-843 Loeb Building
Office Hours: Tuesdays and Fridays, 10:00 to 12:00
(or other times by appointment)
E-Mail: Arch_Ritter@Carleton.ca
Tel: 520-2600 ext. 6668
Course Web Site: www.carleton.ca/~aritter (click on "ECON
1000")
This is the second half of Economics 1000A. The overall objective
of this course is to provide a broad survey of Economics and an
introduction to economic ideas, principles and theories. This
course provides a foundation for further study in Economics as
well.
This second half of the course focuses on "macroeconomic"
issues and theorizing. It begins with an analysis of concepts
of national income and its measurement, then moves to long run
issues of growth and development; employment and unemployment,
the monetary system and inflation, open economy macroeconomics
and finally economic instability and stabilization policy.
B. Required
Texts:
1. N. G. Mankiw, R. G. Kneebone, K. J. McKenzie and N. Rowe
(MKMR,) Principles of Macroeconomics, "Brief Edition,"
Thomson / Nelson Publishers, Toronto Canada, Third Canadian
Edition, 2005, and
2. P. Fortuna and S. Manouchehri, Study Guide to accompany
Principles of Macroeconomics, Thomson / Nelson Publishers,
Toronto Canada, Third Canadian Edition, 2005.
The above volumes are the required readings for the course. Use
of the Workbook is vital as a teaching and learning aid. Some
additional brief materials will be made available during the course.
There are additional materials that are hyperlinked to the Web
in the electronic version of the course outline ands also on the
course web site..
C. Lectures
and Tutorial Groups
The class is held in the Theatre A, Southam Hall. The times for the classes are Mondays and Wednesdays,
8:30-10:00.
A number of Tutorial Sessions will be held. You were assigned
to a specific group last term. Please continue with the tutorial
groups as they are a useful means of promoting the learning of
the material in this course. Because of the large size of the
class for lectures it is difficult to find time during the class
for sufficient questioning, commentaries, discussions, or the
taking up of assignments. The tutorials are designed for these
purposes.
The Tutorials will focus on the questions asked at the end of each chapter. Here is a listing of the key questions for the tutorials. The questions all come from the “Problems and Applications” sections of each chapter in the Text Book. Please try and master the questions at the end of the chapters in the Text.
Questions on the exams will include some questions or problems that are very similar to those listed below for consideration in the tutorials. |
No Tutorials Weeks 1 and 2, January 7-16
Tutorial 1, Week 3: January 21-23: Chapter 5, pp. 110-112, Problems 5, 9, and 12
Tutorial 2, Week 4, January 28-30: Chapter 6, pp. 125-126, Problems 2, 5, and 11
Tutorial 3, Week 5, February 4-6: Chapter 7, pp. 152-153, Problems 3, 7, and 9
Tutorial 4, Week 6, February 11-13: Chapter 8, pp 177-179, Questions 1, 8, and 12
Tutorial 5, Week 7, February 25-27: Chapter 10, pp. 220-222, Questions 1, 2, and 7
Tutorial 6, Week 8, March 3-5: Chapter 11, pp.245-246, Questions 7 and 12
Tutorial 7, Week 9, March 10-12: Chapter 12, pp.272-274, Questions 2, 8, and 1
Tutorial 8, Week 10, March 17-19: Chapter 13, pp.301-303, pp. 2, 4, and 11
Tutorial 9, Week 11, March 24-26: Chapter 14, pp. 327-329, pp.3 and 7 and
Chapter 15, questions to be announced
Tutorial 10, Week 12, March 31-April 2:
Chapter 16 and 17, questions to be announced
D.Evaluation
The basis for determining your final grade in the second half
of this course is as follows:
Final Exam: 30.0%
Mid-term: 10.0%
Quizzes and Assignments: 10%
Second Term Sub-Total: 50.0%
First Term: 50.0%
Overall Grade: 100.0%
The overall grade for both halves of the course will be the
sum of your grades in the fall term and in the winter term.
The overall grade for both halves of the course will be the sum of your grades in the fall term and in the winter term.
The Mid Term Exam, for 10% of the total grade, will be on February 25 and will cover the materials from Chapters 5 to 11 in the text.
The Final Examination, for 30% of the total grade, will be held in the regularly scheduled examination period, April 11 to 29 at a time to be determined by the exam scheduling office of the University. It will be a three hour exam and will cover all the materials of the course with an emphasis on those covered since the Mid Term exam.
There will be two Short Quizzes to be held at times to be announced. There also will be two Take-home Assignments that will be distributed in January and March. The assignments and quizzes will be worth 10% of the final grade.
Please make sure that when you are undertaking your assignments to be handed in as part of the course requirements, you do them completely by yourself, though discussion with others is fine if you wish. |
Part II. Course Outline and Reading List
[Note: The timing of the topics may change somewhat as the course proceeds.]
Introduction to Macroeconomics: Weeks 1 and 2 January 7, 9, 14 , and 16
Introduction. (No relevant chapter. See class notes.)
Chapters 5 and 6: Concepts and Measurement
Please peruse also:
The Real Economy in the Long Run Weeks 3 to 5 January 21, 23, 28. 30, February 4 and 6
Chapter 7, Production, Growth and Development
See also:
and http://www.rprogress.org/publications/2007/GPI%202006.pdf
Chapter 8, Savings Investment and the Financial System
Chapter 10, Employment and Unemployment
See also:
Chapter 11 The Monetary System
See also: Bank of Canada: http://www.bankofcanada.ca/en/
Chapter 12 Money Growth and Inflation
See also: Bank of Canada major statistical series, http://www.bankofcanada.ca/en/graphs/a1-table.htm
February Break: February 18 – 22
Mid Term Exam February 25 |
The Macroeconomics of Open Economies Weeks 8 and 9, March 3, 5, and 10 and 12
Chapter 13 Basic Concepts
Chapter 14 A Macroeconomic Theory of the Open Economy
Short-Run Economic Fluctuations Weeks 10 to 12March 12, 17, 19, 24, 26, 31 and April 2
Chapter 15Aggregate Supply and Aggregate Demand
Chapter 16 Monetary and Fiscal Policy
See also: Finance Canada:http://www.fin.gc.ca/fin-eng.html
Chapter 17 The Short-Run Trade-Off between Inflation and Employment
6. Conclusion
Chapter 18 Five Debates over Macroeconomic Policy Week 13, April 7
Final Examination: as scheduled by the University in the period April 11 to 29 |
Part III. Additional Notes:
1. Plagiarism and Academic Offenses
Please be aware that plagiarism is a serious offense and one that should be recognized and avoided. For further information regarding this subject, please see the Economics Web Site http://www.carleton.ca/economics/courses/pstatement.htm or pick up a handout from the Department.
Please make sure that when you are undertaking your assignments to be handed in as part of the course requirements, you do them completely by yourself, though discussion with others is fine if you wish.
Carleton University tries to maintain the highest standards of academic integrity. Academic infractions in the Economics Department are dealt with directly by the Dean’s Office of the Faculty of Public Affairs. For the University policy on this, see the following:
2. For Support for Preparing Written Assignments: Writing Tutorial Service (229PA)
3. For General Academic Advice and Support: Student Academic Success Centre (SASC, 302 Tory Building)
4. Requests for Academic Accommodations:
For Religious Obligations |
To be worked out on individual basis with instructor. Consult Equity Services Website or an Equity Advisor (ext. 5622) for Policy and list of Holy Days (www.carleton.ca/equity ) |
For Pregnancy |
Contact Equity Services (ext. 5622) to obtain a "letter of accommodation." |
5. Academic Accommodations for Students with Disabilities:
Students with disabilities requiring academic accommodations in this course are encouraged to contact the Paul Menton Centre for Students with Disabilities (500 University Centre) to complete the necessary forms. After registering with the Centre, make an appointment to meet with me in order to discuss your needs at least two weeks before the first in-class test or CUTV midterm exam. This will allow sufficient time to process your request. Please note the following deadlines for submitting completed forms to the PMC for formally scheduled exam accommodations: March 10, 2007 for Winter Term cours
VI. Some Useful Links for ECON
1000A
1.
Economics Journals On-line
2. Portal
to Web Links in Economics
3. Roubini's
Global Macroeconomics and Financial Policy Site
4. Bank of Canada
5. Statistics
Canada
6. Department
of Finance, Canada
7.
IMF Report on US Fiscal Policy Sustainability
