1. TAIPEI TECH - AUIA Summer Program. Taiwan Campus -Course Outline.
MACROECONOMICS. SYLLABUS. Instructor: Paul J. Magelli, Visiting Professor
of ...
TAIPEI TECH - AUIA Summer Program Taiwan Campus -Course Outline MACROECONOMICS SYLLABUS
Instructor: Paul J. Magelli, Visiting Professor of Economics* Home Institution: University of Illinois at Urbana-Champaign Email:
[email protected] Office Hour: TBA
COURSE DESCRIPTION: As you read and listen to daily news reports either in print publications, various websites, or in conversations with colleagues and family, you will realize that the world’s most pressing problems are economic in nature. The material in this course will introduce you to theories, concepts, vocabulary to recognize, identify, understand, and analyze economic issues, to clarify them and to determine the kinds of solutions that economic principles suggest. Students should find these useful in their career, personal life, and role as an informed citizen and civic leader. Economics, indeed, is enduring as life itself. The course is comprised of 20 separate class sessions of 110 minutes in length for a total of 40 class hours; in addition, I will meet with the various project teams to provide guidance before each team presents to the full class. I require attendance, active class participation, and adherence to a code of honor; accordingly, cheating, dishonesty, conduct, plagiarism, and collusion of the class assignments and examinations will result in dismissal and failure of the course.
Required Textbook: David C. Colander, Economics, 8th Edition, McGraw Hill Irwin, New York, New York 1
In Class Handouts and Exercises Class Meets Monday through Thursday from 9 a.m. until 10:50 a.m.
COURSE REQUIREMENTS: 1. ATTENDANCE: AN ABSOLUTE REQUIREMENT and ACTIVE PARTICIPATION IN CLASS DISCUSSION: 10% of GRADE 2. TWO PROBLEM SETS: 10% of grade 3. TWO UNANNOUNCED ‘IN-CLASS’ “ASSESSMENTS: 10% of grade 4. ONE MIDTERM: THURSDAY, WEEK TWO: 30% of grade 5. TEAM PROJECT AND PRESENTATION: 10% of grade 6. ONE FINAL EXAMINATION: THURSDAY: WEEK FOUR: 30% of grade
COURSE SCHEDULE:
WEEK ONE: READ CHAPTERS 1, 2, 3, 10, 23, and HANDOUTS Session 1: Introduction to Macroeconomics; How the Course will Unfold; Key Concepts; Developing a Personal Framework for Understanding Macroeconomics Session 2: Why Economics in the 21st Century: Welcome to Your World (of Economics); Teams and Team Assignments Session 3: The U.S. in a Global Economy: Dynamics and Implications; Business Cycles— Calibrating an Economy Session 4:
Money and Capital; Literacy and Education
WEEK TWO: READ CHAPTERS8, 21,24,25,27,28,30,31,37,38, AND HANDOUTS Session 5:
Labor Force; Employment; and Income; Reprise of Critical Sectors
Session 6:
Introduction to National Income Accounting: Sector 1:Consumption
Session 7:
Sector 2: Investment; and Sector 3: Government
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Session 8: Sector 4: Import/Export (X-M); and Reprise National Income Accounting; Review for Mid-Term; First Problem Set Due [NOTE: WE WILL DISCUSS IF THE CLASS WOULD LIKE THE MID-TERM ON FRIDAY WHEN ALL STUDENTS ARE AVAILABLE; IF THIS THIS WILL COUNT FOR ONE CLASS SESSION; if not then, the Mid-Term will replace Session 9 WEEK THREE: READ CHAPTERS 9,11,19,20,22,23,30,31,32,33, AND HANDOUTS Session 9: The Keynesian Cross; Aggregate Demand and Aggregate Supply (AD/AS) Session 10: Monetary Policy; Fiscal Policy Session 11: Economic Indicators; Reprise of Business Cycles Session 12:
Economic Growth: Measures and Strategies; Second Problem Set Due
WEEK FOUR: READ CHAPTERS 24.25.28,29,38, AND HANDOUTS Session 13:
Sources of Growth: Technology: Education; Population Change
Session 14:
Entrepreneurship and Economic Growth
Session 15:
The Kiss of Debt; Implications of the “Fiscal Cliff”
Session 16:
Limits to Growth (Theories and Pragmatics); Sustainability
WEEK FIVE: COMPLETE READING OF ASSIGNED CHAPTERS Session 17:
Review and Discussion of Class Projects; Review of Macroeconomics
Session 18:
Team Presentations
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Session 19:
Team Presentations
Session 20:
Final Examination
*Professor Paul J. Magelli, Sr. earned bachelor’s, master’s and Ph.D. degrees in economics from the University of Illinois (UIUC) and holds an honorary Doctor of Law, honoris causa, from the University of Bristol, U.K., where he helped establish the Bristol Enterprise Centre. Previously, Magelli held a number of positions at the University of Illinois, including assistant dean of the MBA program, assistant dean of the College of Arts and Sciences, and associate dean and director of budgets. He has also been dean of the Fairmount College of Liberal Arts and Sciences at Wichita State University, vice president for academic affairs at Drake University, president of Metropolitan State College of Denver, and president of Parkland College. Currently, he is the Senior Director of Academy for Entrepreneurial Leadership Development and Executive Director of Illinois Business Consulting at UIUC Business College. In addition, In 1999, Prof Magelli received University of Illinois Chancellor’s Distinguished Service Award for his decadeslong excellent service at UIUC. Currently he teaches the Chancellors Honors Micro/Macro Course; Entrepreneurship and Enterprise Deve4lopment; Entrepreneurship and Corporate Renewal; and Entrepreneurship for Engineers at the University of Illinois at Urbana-Champaign.
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