ECON 201B – Winter 2008 - Prof. Charles R. Nelson
REVISED Syllabus as of Jan. 29!

Lectures on Tues and Thurs 2:30-4:20 p.m. in SIG 225
Proctor: Ms. Yunmi Kim

The textbook is my MACROECONOMICS: An Introduction, Internet Edition. It may be downloaded free, along with Answers to the Exercises, practice questions, and lecture notes at

http://www.econ.washington.edu/user/cnelson/STUDENT.html

You will also be required to use The Wall Street Journal. Student subscription forms will be distributed in class and I recommend that you subscribe but you are not required to.

Your grade will be based on the two tests. Extra credit can be earned for class participation. The grading system is explained at the end of this syllabus. Please note carefully the dates of the tests since I do not give make-ups. If you miss a test due to a documented emergency, your grade will be based entirely on your other score. A predictable absence such as travel does not qualify and counts as zero.

My office hours are TTH 10:30am to Noon or by appointment. Many students find it convenient to talk with me after class. My e-mail is cnelson@u.washington.edu. Free tutoring is offered by the Economics Dept. Undergraduate Board; see Advising Office for details.

Week 1 Topic Outline and Test Schedule

Jan. 8 An Overview of Economics, Chapter 1.

10 National Income, Chapter 2.

Week 2

Jan. 15 Chapter 2 continued.

17 Savings and Investment, Chapter 3. Bring WSJ to class!

Week 3

Jan. 22 Chapter 3 continued. Bring WSJ!

24 Chapter 3 continued. Bring WSJ!

Week 4

Jan. 29 The Cost of Living & Living with Inflation, Chapter 4.

31 Chapter 4 continued.

Week 5

Feb. 5 Test #1!! It will cover the material through Jan 31, Chaps 1- 4 only!!

It will be multiple choice, so bring Answer Sheet and #2 pencil!

7 Growth & Recession in the US Economy, Chapter 5.

continued on other side >>>>>>>

Week 6

Feb. 12 Money, Banks, and the Federal Reserve, Chapter 6.

14 The Demand for Money, Chapter 7.

Week 7

Feb 19 How the Fed Moves the Economy; Chapter 8.

21 Monetary Policy, Inflation, and Business Cycles, Chapter 9

Week 8

Feb 26 Chapter 9 continued.

28 Fiscal Policy: Government Spending and Taxation, Chapter 10.

Week 9

March 4 & 6 Keynesian Fiscal Policy and the Multipliers, Chapter 11.

Week 10

March 11 The International Economy, Chapter 12.

13 Test #2. It covers material through Mar. 11, Chaps 5-12.

It will be multiple choice, so bring Answer Sheet and #2 pencil!

How your Grade Point will be determined: First, add up all the points you earned, then divide by the total points possible to get your fraction correct. Now put that fraction into this formula: Grade Point = (5.3)•(fraction correct minus 0.2), rounded to the nearest whole tenth. For example, .77 correct gives 3.021 and a Grade Point of 3.0; similarly a fraction of .95 is a GP of 4.0. Students I feel have made an exceptional contribution to classroom discussion may receive an additional 0.1 GP. To enliven classroom discussion I may call on students, sometimes at random.

How to find test answers on the web: The first answer key will be at: http://www.econ.washington.edu/user/cnelson/E201W08/KEY1.pdf

For the second test use KEY2. Web addresses have to be exactly right - case matters – so please check carefully before emailing me to say it doesn’t work.

This syllabus is subject to revision. To find the latest version please go to

http://www.econ.washington.edu/user/cnelson/E201W08/E201_SYL_W08.pdf

End.