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Karl E. Case, Ray C. Fair, Sharon E Oster, Principles of Macroeconomics, Pearson, 12th Edition, Global Edition 2017

This course syllabus outlines an introductory macroeconomics course offered at the American University of Madaba in the spring of 2020. It will be taught by Associate Professor Fayez Tayem and will cover key macroeconomic concepts including unemployment, inflation, economic growth, fiscal and monetary policy. Students will be assessed based on homework, class participation, two midterms, and a final exam. The course will follow a textbook and cover 11 chapters ranging from concepts of macroeconomics to the determination of aggregate output and interest rates.

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268 views

Karl E. Case, Ray C. Fair, Sharon E Oster, Principles of Macroeconomics, Pearson, 12th Edition, Global Edition 2017

This course syllabus outlines an introductory macroeconomics course offered at the American University of Madaba in the spring of 2020. It will be taught by Associate Professor Fayez Tayem and will cover key macroeconomic concepts including unemployment, inflation, economic growth, fiscal and monetary policy. Students will be assessed based on homework, class participation, two midterms, and a final exam. The course will follow a textbook and cover 11 chapters ranging from concepts of macroeconomics to the determination of aggregate output and interest rates.

Uploaded by

MEO laland
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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American University of Madaba

Macroeconomics
Course Syllabus
Spring 2020

Faculty: Fayez Tayem, Associate Professor


Office Hours: Monday to Thursday: 11:15 – 1:00
Office: BA-S33
Email: f.tayem@aum.edu.jo

Textbook
Karl E. Case, Ray C. Fair, Sharon E Oster, Principles of Macroeconomics, Pearson, 12th
Edition, Global Edition; 2017

Other Texts
Taylor, Timothy. Principles of Economics. Houston, TX: OpenStax College, March 2014.

Campbell R. McConnell, Brue, and Flynn, Macroeconomics, 20th edition, McGraw-Hill, 2015.

Course Description: An analysis of the economy as a whole including measurement and


determination of Aggregate Demand and Aggregate Supply, national income, inflation, and
unemployment. Other topics include fiscal policy and monetary policy. This course will cover
the area of economics commonly defined as macroeconomics.
The main goal of macroeconomics is to gain a better understanding of the causes of, and
remedies for, UNEMPLOYMENT and INFLATION, as well as the factors that affect
ECONOMIC GROWTH (unemployment, inflation, and economic growth).

Intended Learning Outcomes (ILOs):


Upon completion of the course the student will have demonstrated:
1. Explain the role of scarcity, specialization, opportunity cost and cost/benefit analysis in
economic decision-making.
2. Identify the determinants of supply and demand; demonstrate the impact of shifts in both
market supply and demand curves on equilibrium price and output.
3. Define and measure national income and rates of unemployment and inflation.
4. Identify the phases of the business cycle and the problems caused by cyclical fluctuations in
the market economy.
5. Define money and the money supply; describe the process of money creation by the banking
system and the role of the central bank.
6. Construct the aggregate demand and aggregate supply model of the macro economy and use it
to illustrate macroeconomic problems and potential monetary and fiscal policy solutions.
7. Define economic growth and identify sources of economic growth.
Methods of instruction: Lectures – exercises - Group discussion

Assessment Methods: Homework - Class participation – Examinations

Grading:

- First Midterm Exam 20%


- Second Midterm Exam 30%
- Homework and participation 10%
- Final exam 40%.

Your Participation grade will be based upon:


Class Attendance
Class Participation
Class Behavior

Classroom Rules of Conduct: Punctuality is essential. The use of mobile phone is prohibited
in class. To pass the course, the student should attend at least 85% of the classes. University
rules will be applied in case of misconduct.

Ethics: Ethical behavior in the classroom is required of every student. Students are also expected
to identify ethical policies and practices relevant to course topics.

Academic Dishonesty: Academic dishonesty will be dealt with in the strictest possible manner
as per the University guidelines. Students are expected to exhibit honesty in all work. Students
found cheating are subject to the penalties outlined in the Policies and Procedures section of the
University Catalog.

Tentative Course Outline


The instructor reserves the right to alter course content and/or adjust the pace to accommodate class
progress. Students are responsible for keeping up with all adjustments to the course calendar.

2 Ch.5 Concepts and Problems in Macroeconomics


3 Ch.6 Measuring National Output and National Income
3 Ch. 7 Unemployment
4 Ch. 8 Inflation
5 Ch. 9 The Government and Fiscal Policy
6 Ch. 10 Money, the Federal Reserve, and the Interest Rate
7 Ch. 11 The Determination of Aggregate Output, the Price Level, and
Interest Rate

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