The course will begin slowly with several lectures and discussions about terms, definitions, and institutions. Almost all of these lectures and discussions will incorporate the use of models as means of explaining how the national economy operates and the limitations that inherently exist in economic analysis. Knowing that graphical presentation is not a readily agreeable learning tool for students at this level we will also develop other ways of visualizing the principles of macroeconomics. We will rely on the class for defining and validating the ideas presented in this course. The goal of this course is to offer a broader understanding of economic reality, not pigeon-hole definitions and policies.
Midterm grade is the raw average of all examinations at midterm.
The final exam will be cumulative and primarily multiple choice. Also, if the multiple choice statement or question is unclear, you may rewrite the question in your own words and then solve the problem accordingly. In this instance full credit will be difficult to give if you haven't correctly identified the issue, but if your answer fits your rewritten question at least partial credit will be given. Additional assignments, research exercises, problem sets and in-class problems will be detailed at the appropriate moments in the course. 17 - 37 and Appendix A, pp.