Principles of Macroeconomics

Hello,Me and my friend are taking Principles of Macroeconomics, the same class and professor. We need your help with the quizzes and the final exam. “5 quizzes (25 questions each = 25 points each) and final exam that worth 50% of the grade. the lowest quiz will be dropped. The text book is Eric P. Chiang, Macroeconomics, 4th ed. (Worth Publishers, 2017) (with LaunchPad access).We need to get a high grade (A) but the answer can not be identical. Can we get a discount because we are 2 ? Quizzes dates:Quiz 1: Thursday, January 25Quiz 2: Thursday, February 15Quiz 3: Thursday, March 15Quiz 4: Thursday, April 5Quiz 5: Thursday, April 26Thanks

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Economics 201
Principles of Macroeconomics (3 Credits)
Course Description
Economics 201 constitutes an introduction to and examination of the U.S. Macro economy.
Primary emphasis is given to Gross Domestic Product (GDP), productivity, unemployment, and inflation.
Topics such as growth, distribution of income, economic security, national debt, resource utilization,
international trade, and institutional control of the macro economy through monetary and fiscal policy are
incorporated to provide awareness of the complexities and conflicting nature of economic objectives.
The orthodox Neoclassical and Keynesian paradigms will be employed as principal investigatory
modes of the course. However, alternative explanations of economic phenomena are considered
concurrently to emphasize the ideological nature of policy formulation.
Eric P. Chiang, Macroeconomics, 4th ed. (Worth Publishers, 2017) (with LaunchPad
access to e-book and quizzes) or Access Card to LaunchPad, Macroeconomics only.
Students may purchase the text with access code or access code only from the
bookstore or directly from the publisher.
201 (Sections 09, 10, 11, Principles of Macroeconomics)
Milton Friedman, Free to Choose, (New York: Harcourt Brace Jovanovich, 1980)
Russell D. Roberts, The Choice, (Prentice-Hall, var. eds.)
(Readings are ?recommended.? Quiz and Exam questions will not cover Readings)
Examinations and Grading
Students will be responsible for all assigned materials. All students will be required to take a final
examination (50 questions = 100 points). Students will also be required to take 5 quizzes (25 questions
each = 25 points each). Quiz makeups will not be given. However, only the top 4 (of 5) quiz scores will be
used to compute the cumulative average. (A missed quiz will count as the ?dropped? quiz.) University
Scale will guarantee letter grades. However, depending upon the final cumulative score frequency
distribution based on 200 points, the final curve may be slightly lower.
University Scale
F less than 60 less than 120
Examination and Quizzes
Final Exam:
(100 points)
(100 points)
(200 points)
100.0 %
Course Outline Topics
Part 1: Foundations
Topics: Economics – a social science; Economic resources (factors of production); Aggregate
goals of the U.S. economy; Supply, demand, and the circular flow of expenditures and income;
The economic questions; Production possibilities; Capitalism and its pillars; Classical economic
analysis; Keynesian critiques of classical theory; Measuring national income (definitional and
technical difficulties; Alternative critiques and theories.
Part 2: National Income, Fiscal and Monetary Policy, Economic Stabilization
Topics: Keynesian models; The Paradox of Thrift and its implications; Business Cycles;
Unemployment and inflation; Discretionary and nondiscretionary fiscal policy; Budget
philosophies; Money and its functions; Advantages and disadvantages of holding wealth in the
form of money; Makeup of money; The supply of money and the instruments of the Federal
Reserve to control the money supply; The demand for money; Equilibrium in the money market;
General Equilibrium; Crowding out; Unemployment and inflation reconsidered; Fiscal and
monetary policy; the role of regulatory government.

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