Macroeconomics/Summer 2000/MW 10:15am

W 7/5 Intros, Syllabus, Course Requirements,
Chap 1,2 -- Econ Analysis, Resource Utilization,
Production Possibilities
M 7/10 Ch 3 -- Supply and Demand
W 7/12 Ch 4 -- Circular Flow, Liberty and its Antithesis
M 7/17 Ch 5,6 -- Consumption and Investment Sectors
First library critical review due
W 7/19 Ch 7,8 -- Public Sector and GDP
First on-line journal critical review due
M 7/24 Ch 9 -- Business Cycles
Second library critical review due
W 7/26 Ch 10,11 -- Keynes and Fiscal Policy
Problem Set # 1 due
M 7/31 Mid-Term over Ch 1-11
W 8/2 Ch 12 -- Banking and Money
Question Set # 1 due
M 8/7 Ch 13 -- The Fed and Monetary Policy
Second on line journal critical review due
W 8/9 Ch 14,15 -- Economic Theory
Third library critical review due
M 8/14 Ch 16 -- Economic Growth, Economic Development,
and Productivity
Third on line journal critical review due
W 8/16 Ch 17 -- Redistributive Justice
Fourth library critical review due
M 8/21 Ch 18 -- International Trade
Fourth on line journal critical review due
W 8/23 Ch 19 -- International Finance
Problem Set # 2 due
F 8/25 Final over Ch 12 - 19
Question Set # 2 due

Grading Criterion

Grades in this course will be an average of several different
grading instruments.

MID-TERM -- There will be a mid-term over chapters 1-11 that
will be due by the end of July. It will found on-line as part
of this syllabus. It is a matching test and will be 1/9 of
the course grade. It will be returned to students and may be
corrected by them for an upgrade of one letter.

FINAL -- The final will be given the last day of the class.
It is on line here as well, but must be taken in class
on 8/25. The final will be primarily a matching test as
well,covering chapters 11-19 of the text, plus class
materials, and will be 1/9 of the total course grade.

QUESTION SETS -- At the end of each chapter in the text, you
will find a set of multiple choice exercises, around which
we will center much of our classroom discussion. Along with
this syllabus you will find answer sheets for all of these
questions, which must be submitted about the time of the
midterm for Ch 1-11 and the final for Ch 12-19. Each of
these is 1/9 of the grade.
Question Set 1 Answer SheetGo Here
Question Set 2 Answer SheetGo Here
PROBLEM SETS -- Also at the end of the chapters, you will
find problems from which those listed below have been
selected for you to do and turn in, set # 1 at midterm time
and set # 2 at the final. Each of these is worth 1/9
of your grade.


Ch 2, p 41 # 4
Ch 2 App, p 47 # 1
Ch 5, p 102 # 5,6,7
Ch 6, p 123-4 # 4,6,9
Ch 7, p 152 # 2,3,4,11
Ch 8, p 181-2 # 7,8,11
Ch 9, p 214 # 5,7,11,12


Ch 11, p 270-1 # 4,6,7
Ch 11 App, p 278 # 3,7
Ch 12, p 308 # 5
Ch 13, p 332 # 2,8,9,11
Ch 14, p 384 # 3,5
Ch 16, p 399-400 # 3
Ch 17, p 431 # 5,6,7

You will select one article from each of the following
4 groups and email a critical review of 200 words to the
instructor. These are located in the on-line
e Journal of Political Science at:
Forward emails to instructor at:

There you go, again*
Lincoln's Progress*
One Term Blunder*
Making the Grade*
Political Economics and Electronics*
Wholly Holey Holies*
Veni, Vedi, Veto*
Case Against the National Sales Tax
Scapping the Tax Code
Hidden Burden of Taxation
How to Improve the CPI
Political Exploitation of Ignorance
Law of Increasing Returns
Rule by the Rich?
Rigging the Scales of Justice

Revin' Up Motwon*
Fallacy of Heat Death*
Factors in Recent Economic Downturn*
Fate of the Nation*
Fallacy of Tax Incidence*
Taxing the Poor*
Peculiar Economics of John McCain*
Benefits of Immigration
An Economy Without Immigration
Conversion Experiences
CPI Can't Keep Up
Twisted Tongues
Legacy of Progressivism
Green Revolution
Free Markets, Free Choices: Women in Workplace

Preserving Our Investment*
Consequences of Sustainable Development*
China Question*
Central Importance of Normal Profit*
From G to Rising G*
Second Deficit Wave on the Horizon*
Secrets of Spring 2000 Oil Price Hikes*
Lessons of the Great Depression
Microsoft and Antitrust
It's Reagan's Economy, Stupid!
Market Based Environmentalism
Technology and the Economy
Mystery of the Money Supply
Selective Liability
Original Thomas, Conventional Souter

The New Jim Crow*
Ending the 55 MPH Speed Limit*
Third World War*
African Spring*
Surplus! What Surplus?*
Ceteris Non Parabus*
Short History of the Deficit*
Sorting IMF Funding
Abolish the IMF
IMF Needs Reform Not More Money
Agricultural Export and IMF
IMF: Outdate, Ineffective . . .
IMF Policies in Asia
Liberalism's Urban Legacy
The Problem of Tax Cuts

*indicates article written by instructor

You will select four articles from those listed below and
email 200 word critical reviews of each to the instructor.

Economic Policy Review, April 2000
Fiscal Policy in an Era of Surplus
Formation of Fiscal Policy over Last 25 Years
The Automatic Fiscal Stabilizers

Economic Policy Review, Sept 1999
Unequal Income, Unequal Life
Housing Starts of Children in Poverty
Affordability of Housing
Education and Crime in Urban Neighborhoods
Economic Inequality and Local Public Service

Quarterly Review, Winter 2000
Bank Runs, Deposit Insurance, and Liquidity
Quarterly Review, Summer 1999
Taxing Capital
Quarterly Review, Winter 1999
The Great Depression in the US
from a Neo-Classical Perspective
Quarterly Review, Winter 1998
Changes in Hours Worked Since 1950

Economic Quarterly, Spring 1999
Fed's Entry into Check Clearing

Economic Review, First Qtr 1999
Monetary Policy and the Well-Being of the Poor
Economic Review, 4th Qtr 1998
The Longevity of Expansions

Review, March/Apr 1999
Monetary Policy Rules?
Going Down: Asian Crisis and US Exports
Review, Nov/Dec 1999
Introduction to Capital Controls

Foreign Affairs, May/June 2000
Global Food Fight
Foreign Affiars, Jan/Feb 2000
The Need for Nuclear Power
A Republican Foreign Policy
Foreign Affairs, Nov/Dec 1999
Radical Islam's New Frontiers
Star Wars Strikes Back

The Business Economist, Vol 30 No 1 1998
Weathering the International Storm

Finance and Development, March 1999
(Opportunity for Africa)
An Agenda for 21st Century
Adj and Growth in Sub-Saharan Africa
Sub-Saharan African Economic Policy
Impact of Asian Crisis

Harvard Business Review, Nov/Dec 1999
The New Economy is Stronger than You Think
Harvard Business Review, July/Aug 1994
Does Third World Growth Hurt First World Prosperity?

There is a strong correlation between attendance and grades
students earn in most classes. For that reason, a grade will
be given to each student based on their contribution to the
class. This will consider preparation as well as absence.
It will generally be constituted on the basis of:
0, 1 ab A
2, 3 ab B
4, 5 ab C
6, 7 ab D
8 or more E
although the grade may be adjusted by other fators involving


Intellectual honesty is an absolute necessity in acheivement
and development. While that does not proclude students working
together (indeed, I encourage the formation of study groups)
where each student pulls their own weight, any compromise
of such integrity will mean a failing grade on that instrument
without any recourse of make-up.

The due dates for work in this course are listed on this
syllabus. It is suggested that they be adhered to as closely
as possible, but they are guidelines, and work will not be
marked down simply because it does not meet those dates
except at the end of the term. However, students should
endeavor to keep up with the dates so as not to become

Because of the brevity of the course and the logistical
problems of meeting with students outside of class,
it is virtually impossible to schedule make-up work during
a term. Students who face problems in this area should
consult with the instructor personally, before or after
class, or via email, or voice mail at 1.810.775.3364.

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