Economics 112

Introductory Macroeconomics
Fall 2014
Section 1: 8:30 9:45 M W
Section 2: 10:00 11:15 M W
Contact
Instructor: Christopher N. Annala, Ph.D.
Office: South 117 D
Office Hours: MW 11:30 12:30, and by appointment
Office Phone: 245-5424
E-mail: annala@geneseo.edu
Prerequisite: Econ 110 or Econ 101, Introductory Microeconomics
Required Materials
1. Hubbard and OBrien, Macroeconomics, 5th Edition.
2. Interwrite CPS Pulse RF (Clicker)
The CPS can be purchased at the Geneseo Bookstore or Sundance along with the textbook.
If you purchase a used CPS you must install a new battery immediately. The battery should last through the
semester.
Bring your CPS to every single class.
Do not lose your CPS.
Do not lend your CPS to another student. The CPS-ID will be linked to your Geneseo ID and that is how your
scores will be recorded.
3. Access to the MyEconLab site. (If you purchased a new book from the Geneseo Bookstore or Sundance you
should have a Student Access Kit, if you purchased the book elsewhere you will have to buy an access kit.)
4. Calculator, a simple calculator will suffice, YOU MAY NOT USE YOUR CELL PHONE AS A
CALCULATOR ON EXAMS.
5. Number 2 pencils will be required for exams.
6. You must know your Geneseo ID number for exams.
Important Dates
9/12 Last day to elect Pass/Fail option (if permitted)
9/24 Exam 1
10/13 No Class
10/29 Exam 2
11/5 Last day to withdraw
11/26 No Class
12/3 Exam 3
12/8 Last regular class
Final Exam, Section 1 (8:30 9:45 class), Wednesday 12/10, 9:00 11:00 am
Final Exam, Section 2 (10:00 11:15 class), Friday 12/12, 9:00 11:00 am
Course Description:
Macroeconomics: The branch of economics that looks at a nations economy as a whole.
This course is intended to introduce students to the economic way of thinking. In an effort to achieve this goal we
will examine national income, economic growth, money and banking, and economic fluctuations (unemployment
and inflation).

Common Course Goals/Objectives

1. Understand the concept of opportunity cost.
2. Understand the major macroeconomic variables, such as GDP, unemployment, inflation, and interest rates.
3. Understand short-run output and price-level determination.
4. Understand long-run output and price-level determination.
5. Understand the role of government and fiscal policy in the short-run.
6. Understand the role of government in the long-run.
7. Understand the structure of the Federal Reserve System.
8. Understand monetary policy and its impact on the economy in the short-run.
9. Understand monetary policy and its impact on the economy in the long-run.
10. Understand the relationship between savings and investment in the macroeconomy.
11. Understand the determinants of long-run economic growth.
12. Understand business cycles.
13. Understand government deficits and government debt.
14. Understand the relationship between unemployment and inflation.
15. Understand comparative advantage and trade.
16. Understand the determinants of aggregate supply and aggregate demand.
17. Understand equilibrium determination in a model of aggregate supply and aggregate demand.
How This Course Relates to the School of Business Educational Objectives and Course Sequence:
This course emphasizes critical thinking and the application of both logical and quantitative skills. To
succeed in this course, you must communicate clearly and effectively in writing, and you must learn to
relate graphing techniques to written arguments.
This course stresses the application of economic theory to real-world macroeconomic problems. Students
who successfully complete this course will be better able to understand the economic issues that connect
business, government, households, and the international economy and will be able to better react to
macroeconomic changes.
The course is the second class in the required principles of economics sequence. It builds on skills learned
in Econ 101. It is a prerequisite to some intermediate and elective economics courses and to some finance
courses and this class provides foundation knowledge for all courses dealing with macroeconomic issues.
Grading
Grades will be based on:
In-class quizzes: 15 percent
On-line quizzes: 10 percent
Three Exams: 25 percent each
Letter Grade
A
AB+
B
BC+
C
CD
E

Overall Percent
93.0 100+
90.0 92.99
88.0 89.99
82.0 87.99
80.0 81.99
78.0 79.99
72.0 77.99
70.0 71.99
60.0 69.99
0 59.99

Make-Ups
There are none. If you miss one of the exams there will be a comprehensive final to replace the missing exam score.
The only legitimate reasons for missing an exam are for SUNY Geneseo related activities, e.g. athletics, model UN,
etc. There are no exceptions, under any circumstances this includes: family reunions, family vacations, weddings,
poor travel plans, bad weather, good weather, sleeping late, sleeping early, my sister, brother, mom, dad,
grandparents, high school friend, or dog is in town, studying for other exams, three exams on the same day,
World Series tickets, camping, job interviews, etc. Obviously, there are no make-ups for quizzes since you cannot
complete them if you are not in class.
Exams
The exams may be a mixture of multiple choice and short answer questions covering the material presented
in class and in the text.
There are no make-ups.
If you miss an exam you can take a comprehensive final exam to replace the missing exam score(s).
If you did poorly on one of the three exams, you may choose to take the comprehensive final to replace
your lowest exam score.
If you score lower on the comprehensive final exam, that score will be included in your overall grade and
therefore your course grade will fall.
Online Quizzes
You will be required to complete an online quiz for each chapter on the course schedule. Details regarding due
dates, etc. are available from the MyEconLab site. There will not be any late quizzes accepted. In addition, I will not
accept any excuses regarding computer problems there are several computer labs on campus so you have a place
where you can complete the quiz even if your computer blows up.
In-class Quizzes
There will be near daily in-class quizzes, using the CPS, obviously these cannot be made up, if you are not in class
you will receive a zero for that quiz or quizzes. I will drop approximately six quizzes to account for acceptable
absences.
You must take the in-class quizzes with the section for which you are registered. You cannot take the quizzes in any
other section.
If you attempt to use more than one CPS on a quiz, that will be considered a violation of the college policy regarding
Academic Dishonesty and may result in expulsion from the University and at the very least an E in this class.
Academic Dishonesty
The School of Business regards all acts of cheating and/or plagiarism on tests or any other assignments as
unprofessional behavior which is in violation of College policies as stated in the Undergraduate Bulletin. Students
are expected to be aware of and obey the College policies concerning academic dishonesty. Any alleged cheating or
plagiarism may be dealt with by the School as a Disciplinary problem in accordance with the College policies as
stated in the Bulletin.
Accommodations for students with disabilities:
SUNY Geneseo will make reasonable accommodations for persons with documented physical, emotional or learning
disabilities. Students should contact the Director in the Office of Disability Services (Tabitha Buggie-Hunt, 105D
Erwin) and their faculty to discuss needed accommodations as early as possible in the semester.

Course Schedule
(The schedule is not written in stone, we may move faster or slower, so you need to be in class to know exactly what
were covering.)
Week 1 Chapter 1, Economics: Foundations and Models and Part of Chapter 2, we will discuss Production
Possibilities Frontiers
Week 2 Continue Chapter 2 and Chapter 8, GDP: Measuring Total Income and Production,
Weeks 3 and 4 Chapter 9, Unemployment and Inflation
Week 5 and 6 Chapter 10, Economic Growth and Business Cycles
Week 7 Chapter 11, Long-Run Economic Growth
Week 8 and 9 Chapter 12, Output and Expenditure in the Short-run and Appendix
Week 10 and 11 Chapter 13, Aggregate Demand and Aggregate Supply
Week 12 Chapter 14, Money, Banks, and the Federal Reserve System
Week 13 Chapter 15, Monetary Policy
Week 14 Chapter 16, Fiscal Policy and Appendix
Week 15 Additional Topics, time permitting.