ECON 312 - Spring 2004
Notice: Class is cancelled on Tuesday, March 30th.
Office: 325 PUP
Phone: (410) 455-2177
Fax: (410) 455-1054
Email:
humphrey@umbc.edu
Office Hours: T-Th 1:00-2:30pm and by appointment
Text: Robert J. Gordon, Macroeconomics, 9th Edition
Syllabus
Course Description
This course analyzes economic aggregates,
or the ``macro'' economy. It develops an aggregate
demand-aggregate supply model to explain the determination of the
economy's aggregate output of goods and services, the price level
and the level of employment. The model is then expanded and
applied to such persistent macroeconomic issues as fiscal and
monetary policy, inflation and unemployment. A simple economic
growth model is developed to analyze the determinants of economic
growth and the relationship between economic growth and economic
welfare. Sources of instability and the role of stabilization
policies in closed and open economies are analyzed, along with
some of the central controversies in macroeconomic theory and
policy.
Exam #1 - Thursday March 4th
- Exam #1 in Fall 2003 covered Chapters 1-5 in the text.
- Equation Sheet for Exam #1 (pdf format)
- Sample Exam #1 questions, hints and general
advice (pdf format). No sloutions will be provided for these questions. Feel free to post
your answers to the listserve, or bring your answers to office hours for discussion.
Exam #2 - TBA
- Exam #2 in Fall 2003 covered Chapters 6-8.9 in the text.
- Equation Sheet for Exam #2 (pdf format)
- Sample Exam #2 questions, hints and general
advice (pdf format). No solutions will be provided for these questions. Feel free to post
your answers to the listserve, or bring your answers to office hours for discussion.
Final Exam - Tuesday, May 18th
The Final Exam will be on Tuesday, May 18th from 10:30-12:30pm. The Final
Exam will be comprehensive. The format of the final exam will be identical
to the format of the first two exams. You will be provided with an equation sheet during
the final exam, so do not spend time memorizing the equations for the models.
Class E-mail List
The e-mail address for the class listserve is
econ312-bh@listproc.umbc.edu. This e-mail
list is open only to students enrolled in the course. If you provided your e-mail address
to the registrar when you registered, you are already subscribed to the list. If you would like
to subscribe, or change your e-mail address, send me an e-mail.
The e-mail list has been set up to serve as a "24-7" tutorial and to
extend the course beyond classroom time. Students should use the list to ask questions
about the material, assigned problem sets, exams, etc. and to
interact with other students. I will use the list to update
assignments, exam dates and other class items and to distribute
solutions to sample examination questions.
ECON 312 Archives
Resources for students in Dr. Humphreys' ECON 312 class. Old exams, handouts, etc.
- Sample exam question from chapter 1 of the textbook
- Exam #1, Spring 2003 (covered Gordon, chapters 1-5 and section 13.1-13.6)
- Exam #1, Fall 2003 (covered Gordon chapters 1-5)
- IS/LM handout with derivation of the IS curve, Chapter 5 recap, other stuff.