邢唷��>� ���������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������欹�e ��bjbjDiDi 4�&�i&�i:9g�������FF������������8%)L�"R^u� - - - a!p�!$�!礠稱稱稱稱稱稱€T�6W�稱� "a!a! " "稱��- - 4蘍�(�(�( "F�- �- 礠�( "礠�(�(罙�D- ����fD裩筅����O"Z岯鍽<�"R^黈�#�黈4DD�黈�紻� " "�( " " " " "稱稱A&€ " " ""R " " " "��������������������������������������������������������������������黈 " " " " " " " " "FY �:  San Jos� State University Department of Economics ECON 1A � Principles of Economics: Macroeconomics Section 03 � Class Number 48508 Fall 2024 Instructor:Mark BradyOffice Location:DMH 144Telephone:408-924-5419Email: HYPERLINK "mailto:mark.brady@sjsu.edu" mark.brady@sjsu.edu (please write 揈con 1A fall 2024� in the subject line)Office Hours:MW 11:30 � 11:55 AM (provisional) and by appointment MTWThClass Days/Time:MW 1:30 � 2:45 PMClassroom:DMH 166Prerequisites:May be taken prior to ECON 1BCourse Description (from the catalog) Determination of economic aggregates such as total output, total employment, the price level and the rate of economic growth. Course of Study First, we look at how economics has evolved over the past five hundred years. We learn some key concepts in microeconomics (price theory) and apply them to topics in macroeconomics. These include opportunity cost; comparative advantage; specialization and the gains from trade; supply and demand analysis. We explore such topics as measuring a nation抯 income; economic growth; saving, investment, and the financial system; unemployment and labor force participation; inflation and the quantity theory of money; business fluctuations; the Federal Reserve system and monetary policy; and the Federal budget and fiscal policy. Throughout the course, we apply economic analysis to understand contemporary debates over macroeconomic policy and the fate of the U.S. and world economies. Course Goals and Student Learning Objectives (SLO) The goal is to promote both economic understanding and application (Econ SLO 1 & 2). Specifically, students are expected to gain familiarity with analytical methods and model-based argument; and relationships between verbal, graphical, mathematical and statistical representations of economic ideas and analysis (Econ SLO 1.3). Course Learning Outcomes (CLO) Upon successful completion of this course, students should have an understanding of the principal ideas in macroeconomics, including: comparative advantage (specialization and the gains from trade; globalization) macroeconomic measures (real versus nominal calculations; components and concept of GDP; components and concept of unemployment figures; calculation of inflation) macroeconomic models (circular flow; monetary and fiscal policy; the market for loanable funds & interest rate determination; the demand and supply of money & price level determination) Course Format In-person classes and exams. Texts/Readings Text Our textbook is Tyler Cowen and Alex Tabarrok, Modern Principles: Macroeconomics. The sixth edition (2024) is the most recent and costs more, but the buy-back price is higher. If you're short of money, buy either the fifth edition (2021), fourth edition (2018), third edition (2015), or the second edition (2013), but avoid the first edition (2010), which is significantly different. Or you may choose to rent the e-text of the book. (Please note that I customarily refer to the chapter numbers, and I抣l be sure to mention where they differ between editions.) Make sure that you are buying the Macro and not the Micro text. I抳e had students buy the wrong book. Of course, you would never do that! And be aware that anyone can access the authors� website Marginal Revolution University at  HYPERLINK "https://mru.org/" https://mru.org/ and watch hundreds of short videos for free.  HYPERLINK "https://mru.org/principles-economics-macroeconomics-0" https://mru.org/principles-economics-macroeconomics-0 Other Readings I distribute handouts that I expect you to read alongside the textbook. Course Requirements and Assignments 揝uccess in this course is based on the expectation that students will spend, for each unit of credit, a minimum of 45 hours over the length of the course (normally three hours per unit per week) for instruction, preparation/studying, or course related activities.� More details about student workload can be found in  HYPERLINK "http://www.sjsu.edu/senate/docs/S16-9.pdf" University Policy S16-9, Course Syllabi at  HYPERLINK "/senate/docs/S16-9.pdf" /senate/docs/S16-9.pdf There are three components to your grade: three examinations (80%), your ten best quizzes (10%), and a writing assignment (10%). The three exams consist very largely, if not entirely, of multiple-choice questions created by your instructor. The two shorter exams on Monday, September 23, (worth 25%) and Monday, November 4, (also worth 25%) emphasize what we have covered in the previous five weeks. The final exam on Friday, December 13, 12:15 � 2:30 PM (worth 30%) is comprehensive but with a major emphasis on what we have covered since the second exam. Course Requirements and Assignments (cont抎) There are at least twenty objective quizzes worth 10%. Each quiz is worth one point, allowing students to drop or miss at least ten quizzes. Quiz scores are calculated pro rata so that 10/10 on a quiz is worth one point, and 5/10 is worth half-a-point. There are no make-ups for any quizzes. Many quizzes are based on my lectures. Others are based on chapters from Cowen and Tabarrok, Modern Principles: Macroeconomics, and test your knowledge of key concepts. The writing assignment (details TBA) is worth 10%, and is due by 6 PM on Wednesday, November 13. The Writing Center is there to help you.  HYPERLINK "/writingcenter/" /writingcenter/ Grading Information Converting number grades to letter grades 95% to 100% A plus90% to 94% A85% to 89% A minus80% to 84% B plus75% to 79% B70% to 74% B minus65% to 69% C plus60% to 64% C55% to 59% C minus50% to 54% D plus45% to 49% D40% to 44% D minusF 39% and belowIf every student does first-rate work, I抎 be delighted to award everyone an A. I am happy to help you. If you experience any difficulty in this course, please do not hesitate to come to me for help. I am available after our class and by appointment, and I am always happy to clarify difficult concepts, resolve any lingering confusion, or otherwise assist you in making this course enjoyable and rewarding. 揂 minimum aggregate GPA of 2.0 无忧短视频 Studies (R, S, & V) shall be required of all students as a graduation requirement.� To see full text, review HYPERLINK "无忧短视频 & DA 2023-2024/JMB Macroeconomics fall 2023/无忧短视频 & DA 2022-2023/JMB Microeconomics fall 2022/无忧短视频 & DA 2021-2022/JMB Microeconomics fall 2021/无忧短视频 & DA 2020-2021/JMB Hist Econ Thought fall 2020/Backup_MarkBrady/Desktop/无忧短视频 & DA 2019-2020/JMB Hist Econ Thought fall 2019/无忧短视频 & DA 2017-2018/JMB Econ Hist Europe spring 2018/无忧短视频 & DA 2016-2017/Documents/Downloads/University Policy S11-3"University Policy S11-3 at  HYPERLINK "/senate/docs/S11-3.pdf" /senate/docs/S11-3.pdf Classroom Protocol Class attendance is not mandatory and will not directly affect a student抯 grade. However, students who miss several classes, in addition to dropping quizzes, will very likely consign themselves to doing extremely poorly on their examinations. I therefore strongly encourage students to attend fully every class. Please note that the university is closed for Labor Day (Monday, September 2), Veterans Day (Monday, November 11), and the Thanksgiving Holiday (on Wednesday, November 27 the campus is open but it is a non-instructional day, and on Thursday-Friday, November 28-29, the campus is closed). University Policies  HYPERLINK "/students/" /students/ Dropping and Adding Students are responsible for understanding the policies and procedures about add/drop, grade forgiveness, etc. Refer to the current academic year抯 Catalog at  HYPERLINK "https://catalog.sjsu.edu/" https://catalog.sjsu.edu/ Add/drop deadlines can be found on the Registrar抯 fall 2024 calendar here: HYPERLINK "/registrar/calendar/fall-2024.php"/registrar/calendar/fall-2024.php And the academic year 2024-25 calendar is here: HYPERLINK "/provost/docs/Academic-Calendar-2024-25.pdf"/provost/docs/Academic-Calendar-2024-25.pdf Undergraduate Late Drop and Semester Withdrawal is available at  HYPERLINK "/ue/student-petitions/drops/index.php" /ue/student-petitions/drops/index.php Students should be aware of the current deadlines and penalties for dropping classes. Information about the latest changes and news is available at the  HYPERLINK "http://www.sjsu.edu/advising/" Advising Hub at  HYPERLINK "/advising/" /advising/ Consent for Recording of Class and Public Sharing of Instructor Material  HYPERLINK "http://www.sjsu.edu/senate/docs/S12-7.pdf" University Policy S12-7,  HYPERLINK "/senate/docs/S12-7.pdf" /senate/docs/S12-7.pdf, requires students to obtain instructor抯 permission to record the course. 揅ommon courtesy and professional behavior dictate that you notify someone when you are recording him/her. You must obtain the instructor抯 permission to make audio or video recordings in this class. Such permission allows the recordings to be used for your private, study purposes only. The recordings are the intellectual property of the instructor; you have not been given any rights to reproduce or distribute the material.� 揅ourse material developed by the instructor is the intellectual property of the instructor and cannot be shared publicly without his/her approval. You may not publicly share or upload instructor generated material for this course such as exam questions, lecture notes, or homework solutions without instructor consent.� Academic integrity Your commitment as a student to learning is evidenced by your enrollment at San Jose State University. The HYPERLINK "http://www.sjsu.edu/senate/docs/F15-7.pdf"University抯 Academic Integrity policy, located at  HYPERLINK "/senate/docs/F15-7.pdf" /senate/docs/F15-7.pdf, requires you to be honest in all your academic course work. Faculty members are required to report all infractions to the office of Student Conduct and Ethical Development. The HYPERLINK "http://dev.sjsu.edu/studentconduct/"Student Conduct and Ethical Development website is available at  HYPERLINK "/studentconduct/" /studentconduct/ Instances of academic dishonesty will not be tolerated. Cheating on exams or plagiarism (presenting the work of another as your own, or the use of another person抯 ideas without giving proper credit) will result in a failing grade and sanctions by the University. For this class, all assignments are to be completed by the individual student unless otherwise specified. If you would like to include your assignment or any material you have submitted, or plan to submit for another class, please note that 无忧短视频抯 Academic Policy S07-2 requires approval of instructors. Campus Policy in Compliance with the American Disabilities Act If you need course adaptations or accommodations because of a disability, or if you need to make special arrangements in case the building must be evacuated, please make an appointment with me as soon as possible, or see me during office hours. Students with disabilities requesting accommodations must register with the HYPERLINK "http://www.sjsu.edu/aec/"Accessible Education Center (AEC) at HYPERLINK "/aec/myaeclogins/student-myaec.php"/aec/myaeclogins/student-myaec.php to establish a record of their disability. Course Schedule梐nd this is subject to change with fair notice (announcement in class) WeekDatesTopics, Readings, Exams, Deadlines1Sunday, August 18 Monday, August 19 Wednesday, August 21 Wednesday, August 21 August 21 Advance Registration ends, Last Day to Drop for 100% Refund Academic year begins桭all semester begins First Day of Instruction Late Registration begins on My无忧短视频 at 7am Introduction to economics and the economic way of thinking2Friday, August 30 Saturday, August 31 August 26 August 28Waitlist ends Permission number is required to add a class Specialization and the gains from trade Supply and demand3 September 2 September 4Labor Day梒ampus closed Supply and demand (cont抎)4September 9 September 11Key ideas in macroeconomics GDP and the measurement of progress5Tuesday, September 17 Wednesday, September 18 Thursday, September 19 September 16 & 18Last Day to Drop Classes without a "W" Grade and Last Day to Add Classes via My无忧短视频 (ends at 11:59 pm); Last Day to submit Audit | Credit/No-Credit Option Request (DocuSign); Last Day to submit Instructor Drops Enrollment Census Date (No Enrollment allowed) Late Add Post Census Request required; Petition on Forms page at 9 am Economic growth6Monday, September 23 September 25First (shorter) exam (25%) The economics of ideas and intellectual property; future of economic growth7September 30 & October 2Savings, investment, and the financial system8October 7 & 9Unemployment and labor force participation9October 14 & 16Inflation and the quantity theory of money; simple quantity theory of money10October 21 & 23Business fluctuations: aggregate demand and supply11October 28 October 30Episodes in the history of money The Federal Reserve System and open market operations12Sunday, November 3 Monday, November 4 November 62 AM: Clocks go back by one hour (PDT ( PST) Second (shorter) exam (25%) Monetary policy13Monday, November 11 Wednesday, November 13 November 13Veterans Day observed梒ampus closed Semester Withdrawal Deadline; Late Enrollment Post Census ends The writing assignment is due by 6 PM The Federal budget: taxes and spending14Monday, November 18 November 18 November 20Semester Withdrawal Deadline: Undergraduate, Graduate Fiscal policy International trade15November 25 Wednesday, November 27 November 28�29International finance Non-Instructional Day梒ampus open Thanksgiving Holiday梒ampus closed; Rescheduled Holiday梒ampus closed16December 2 December 4Public choice Economics, ethics and public policy17Monday, December 9 Tuesday, December 10 December 11-13, 16-17 Friday, December 13 Wednesday, December 18 December 19 & 20Last Day of Instruction Last Day to Complete Coursework for 揑ncomplete Grades� Study/Conference Day (no classes or exams) Final exams Final exam (30%) DMH 166 12:15� 2:30 PM Final exams make-up day Commencement     -  PAGE 6 - Econ 1A-03 � Principles of Economics: Macroeconomics, MW 1:30 � 2:45 PM 234789:=TVWXdemnopqrx���遐逑迥即搱搣r坖_}_}TIj�hEu h矱�CJaJhEu h黃KCJaJh矱�hWcCJaJh耓 CJaJh矱�hJCJaJh矱�h黃KCJaJh矱�h�:�CJaJh矱�h�=�CJaJh矱�hwO�CJaJh矱�h�*�CJaJhwO�CJaJh�:�CJaJh'5Bh�=�CJaJh'5Bh�NCJaJh'5BhsCJaJh'5BhF�CJaJhv:�CJaJh�0VCJaJ3e���������������������� $Ifgd�!( ��$€剢�勞��<��]剢齘勞黦dv:� ��$€剨�勚��]剨齘勚黦dv:� ���������������������������������������� ! 4 5 6 7 > D E K 蹴赓儋儋儋儋儋儋儋儋倨靠科靠复靠瓶靠瓶⿸媱媫� h~a�h�  h~a�hRD� h~a�h�8- h~a�h�h~a�h膉0J h~a�h膉jh~a�h膉Uh-V� h扵�h7 � h扵�h�$h扵�h�^JaJmH nH sH tH h扵�h�PJh扵�hF�CJaJh耓 CJaJh矱�h��CJaJ1�������G>5>>> $Ifgdv:� $Ifgd�!(�kd$$If��&譃�' ��) �%a+K.€€€€€€ t��%6�O���������������������������������3�4�a��yt�6���������� $Ifgd�!(���kd�$$If��,质 �' ��) �%a+K.�.�.€"€"€B€B€B€B€B€B t��%6�O��$����������$����������$����������$���������3�4�B� a��ytRD������������{n�e $Ifgd誙� ��$Ifgd誙�kkd$$If杔�諪�� (*.a 3 t��%6��� ���� ���� ���� ���4�4� la��yt�F� �<�$IfgdRD� �<��$IfgdRD��������}} �<�$IfgdRD� �<��$IfgdRD�ikd�$$If杔諪�� (*.a 3 t��%6��� ���� ���� ���� ���4�4� la��yt�F�����6 m ��}}t $IfgdRD� �<�$IfgdRD� �<��$IfgdRD�ikd�$$If杔諪�� (*.a 3 t��%6��� ���� ���� ���� ���4�4� la��yt�F�K L U V W m n | }  € � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � �  耜蹉秀裆派痉裆篷神神神绸涩摄秀裆穹穹煞神否飞旧阈闵旧�$h��h�^JaJmH nH sH tH  h'5Bh� h~a�h苃�h�t h~a�h7 � h~a�h~a�h�� h~a�h�$h扵�h�^JaJmH nH sH tH  h扵�h� h~a�h� h耓 h~a�h�8-h�:�9m n | } � � ��yyl 劆$If]劆gdRD�劆�<�$If]劆gdRD� �<��$IfgdRD�ikdX$$If杔諪�� (*.a 3 t��%6��� ���� ���� ���� ���4�4� la��yt�F�� � � � � ��}} �<�$IfgdRD� �<��$IfgdRD�ikd�$$If杔諪�� (*.a 3 t��%6��� ���� ���� ���� ���4�4� la��yt�F�� � � � � ��}} �<�$IfgdRD� �<��$IfgdRD�ikd($$If杔諪�� (*.a 3 t��%6��� ���� ���� ���� ���4�4� la��yt�F�� �   " ��}} �<�$IfgdRD� �<��$IfgdRD�ikd�$$If杔諪�� (*.a 3 t��%6��� ���� ���� ���� ���4�4� la��yt�F�  ! 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