1. 1. ECNM 1115 CRN: 50878 G01 CRN: 51322 G03 Instructor: Dr Jean-Pierre Mulumba 1 Principles of Macroeconomics Prof Jean-Pierre Mulumba Ph. D.
2. 2. Principles of Macroeconomics Agenda for today class 2 Greeting Discussion of syllabus Introductions Limits, Alternatives, and Choices Prof Jean-Pierre Mulumba Ph. D.
3. 3. Syllabus Discussion 3 Prof Jean-Pierre Mulumba Ph. D.
4. 4. Principles of Macroeconomics Instructor: 4 Jean-Pierre Mulumba, Ph.D. EMAIL: jp.mulumba@neu.edu PHONE #: 857 888 6490 (week days and working hours) OFFICE HOURS: By appointment Prof Jean-Pierre Mulumba Ph. D.
5. 5. Principles of Macroeconomics Schedule 5 Class Meeting Times: Group 01: M and W: 13:30-15:10 Location: Snell Library 002 Group 03: M and W : 13:30-15:10 Location: Ell Hall 411 Prof Jean-Pierre Mulumba Ph. D.
6. 6. Principles of Macroeconomics 6 COURSE TEXT: Required: Campbell McConnell, Stanley Brue, and Sean Flynn, Macroeconomics, 20th Edition, McGraw-Hill, 2014, ISBN 978-0-07-766062-8 Prof Jean-Pierre Mulumba Ph. D.
7. 7. Principles of Macroeconomics 7 COURSE DESCRIPTION This course introduces macroeconomic analysis. It will study Flow of national income, Economic growth and fluctuations, Money and banking, Monetary and fiscal policies. It emphasizes on conceptual tools to analyze economic problems Prof Jean-Pierre Mulumba Ph. D.
8. 8. Principles of Macroeconomics Course Objectives Prof Jean-Pierre Mulumba Ph. D.8 Economics is the study of How to make choices How to reach decisions. This way of thinking involves the following three objectives: To learn and remember the economics perspective: there are substitutes for everything every choice has costs and benefits: theres no such thing as a free lunch value is a function of scarcity
9. 9. Principles of Macroeconomics Course Objectives (continued 1) Prof Jean-Pierre Mulumba Ph. D.9 To become familiar with the economic tools: Market analysis Marginal analysis Costs To understand the economic objective: The efficient allocation of scarce resources
10. 10. Principles of Macroeconomics 10 COURSE METHODOLOGY Class delivery format is lectures and discussions All students are expected to participate. Assessments: Three quizzes One midterm exam, Group project presentation, Final exam. Short assignment for every chapter. Included in students grade Prof Jean-Pierre Mulumba Ph. D.
11. 11. Principles of Macroeconomics 11 COURSE METHODOLOGY (continued 1) During the semester, students are expected to complete these duties: All readings assigned Participation in class discussions Preparation of papers/summaries Presentation of materials individually or in teams as assigned Prof Jean-Pierre Mulumba Ph. D.
12. 12. Principles of Macroeconomics 12 COURSE METHODOLOGY (continued 2) Group Presentation: Groups are constructed during the semester. group will be required to select a research topic on a list of topics presented by the instructor (suggestion: Current Issues in Macroeconomics, Chapter 19). The group is constituted during the second week of the semester. The group will research articles from any source, NU databases, and library resources to do a PowerPoint presentation on the topic. The presentation should be about 20-25 minutes followed by questions and answers. More information will be forthcoming. Prof Jean-Pierre Mulumba Ph. D.
13. 13. Principles of Macroeconomics Assignments Policy 13 Assignments are due when specified. Assignments are due in writing form emailed to me Please contact me as soon as possible if any circumstance prevent you to achieve the assignment. Prof Jean-Pierre Mulumba Ph. D.
14. 14. Principles of Macroeconomics 14 GRADING STANDARDS AND EVALUATION Evaluation Standards: http://www.youtube.com/watch?v=WVvKnq5XT-g Participation includes: Always being prompt and regularly attending classes. Demonstration of familiarity with the assigned readings for each week. Contributing to group discussions by offering ideas and asking questions. Listening when others talk, both in groups and in class. Criteria Percent of grade Attendance/participation: 10% 3 quizzes 30% Mid term 15% Final exam 15% Prof Jean-Pierre Mulumba Ph. D.
15. 15. Principles of Macroeconomics 15 GRADING STANDARDS AND EVALUATION (continued 1) Evaluation Standards: http://www.youtube.com/watch?v=WVvKnq5XT-g Criteria Percent of grade End-of-Chapter Assignments 10% Group presentations 20% Total 100% Prof Jean-Pierre Mulumba Ph. D.
16. 16. Principles of Macroeconomics CLASSROOM POLICY 16 Laptops, mobile phones and translation machines are NOT allowed on your desk during class. I will not tolerate any student not paying attention, chatting with classmates, or working on other assignments in class. Prof Jean-Pierre Mulumba Ph. D.
17. 17. Principles of Macroeconomics Behavioral Expectations 17 We require respecting each other We require being polite to each other Side personal conversations will not be accepted Speaking your native language in class is not accepted Prof Jean-Pierre Mulumba Ph. D.
18. 18. Principles of Macroeconomics Attendance and Tardiness Policies 18 Class attendance is mandatory. Regular attendance is required to maintain legal immigration status in the US. Regular attendance is essential to achieving a passing grade in a course. Attendance is taken at the beginning of each class. Arriving late in class by 5 minutes or more will be marked absent for that day, unless the tardiness is excusable. It is the responsibility of the student to contact the course Instructor in advance, in the event of an excused absence. Prof Jean-Pierre Mulumba Ph. D.
19. 19. Principles of Macroeconomics Attendance and Tardiness Policies 19 Absence from class does not relieve a student of responsibility for assignments. Class absences require documentation where possible. Two unexcused absences will be flagged with the Program Manager. Every subsequent absence will cause the students final grade in the course to be decreased one grade increment (i.e. B- to C+). Prof Jean-Pierre Mulumba Ph. D.
20. 20. Principles of Macroeconomics Course Guidelines-Absence for Inclement Weather Prof Jean-Pierre Mulumba, PH D.20 What you have to do: Continue readings Complete all assignments as listed in the course outline
21. 21. Principles of Macroeconomics ACADEMIC HONESTY AND INTEGRITY STATEMENT Academic dishonesty violates the most fundamental values of an intellectual community and undermines your achievements. If you witness a violation of this policy you should report it to the appropriate faculty member or the Office of Student Conduct & Conflict Resolution (204 Ell Hall (617) 373-4390). Violations of this policy can lead to course failure, suspension and even expulsion from the University. If a student feels that he or she has been wrongly accused he has the right to appeal the charge to the body that first issued the sanction 21 Prof Jean-Pierre Mulumba Ph. D.
22. 22. Principles of Macroeconomics ACADEMIC HONESTY AND INTEGRITY STATEMENT (continued 1) Examples of academic dishonesty Cheating intentionally using or attempting to use unauthorized materials, information or study aids in an academic exercise. This includes unauthorized use of notes, text, the Internet, or other aids during an exam or copying from another students academic work for any assignment. Fabrication intentional and unauthorized falsification, misrepresentation, or invention of any data, or citation in an academic exercise. Examples may include making up data for a research paper, altering the results of a lab experiment or survey, listing a citation for a source not used, or stating an opinion as a scientifically proven fact. Plagiarism intentionally representing the words or ideas of another as ones own in any academic exercise without providing proper documentation. 22 Prof Jean-Pierre Mulumba Ph. D.
23. 23. Principles of Macroeconomics ACADEMIC HONESTY AND INTEGRITY STATEMENT (Examples) Unauthorized collaboration sharing analysis, interpretations, or reports for individual academic work on take-home exams, case write-ups, lab reports, and peer-related tasks. Participation in academically dishonest activities Examples include stealing an exam or using a pre-written paper; selling, loaning or otherwise distributing materials for the purpose of cheating, plagiarism, or other academically dishonest acts; destroying, altering, stealing, or forging another students work, academic materials, or course grades. Facilitating academic dishonesty intentional violation of any of these provisions, which also includes making your work available for another to resubmit for credit. For a more detailed explanation of what constitutes a violation of academic integrity, go to http://www.northeastern.edu/osccr/academichonesty.html 23 Prof Jean-Pierre Mulumba Ph. D.
24. 24. Principles of Macroeconomics COURSE OUTLINE 24 Prof Jean-Pierre Mulumba Ph. D. Week Monday G01 Tuesday G03 Wednesday G01 Thursday G03 Friday 1 May 11 - 14 First class: syllabus and introduction First class: syllabus and introduction Chap 1: Limits, Alternatives, and Choices Chap 1: Limits, Alternatives, and Choices 2 18 - 22 Chap 3: The Market Chap 3: The Market Chap 4: Government Failure and Review Chap 4: Government Failure 3 25 - 28 Holiday Review Q 1: Ch. 1 to 4 Q 1: Ch. 1 to 4 4 Jun 1 - 4 Chap 6: An Introduction to Macroeconomics Chap 6: An Introduction to Macroeconomics Chap 7: Measuring Domestic Output Chap 7: Measuring Domestic Output
25. 25. Principles of Macroeconomics COURSE OUTLINE 25 Prof Jean-Pierre Mulumba Ph. D. Week Monday G01 Tuesday G03 Wednesday G01 Thursday G03 Friday 5 8 - 11 Chap 8: Economic Growth Chap 8: Economic Growth Q2: Ch.4, 7, & 8 Q2: Ch.4, 7, & 8 6 15 - 18 Chap 9: B. C., Inflation and Unemployment Chap 9: B.C., Inflation and Unemployment Chap 10: Basic Macro Relationships Chap 10: Basic Macro Relationships 7 22 - 25 Chap 11: Aggregate Expenditures Model Chap 11: Aggregate Expenditures Model Midterm: Ch.: 1, 3, 4, 6, 7, 8, 9, & 10. Midterm: Ch.: 1, 3, 4, 6, 7, 8, 9, & 10. 8 29 7/2 Chap 12: AS/AD Model Chap 12: AS/AD Model Chap 13: Fiscal Policy Chap 13: Fiscal Policy University closed 9 6 - 9 Chap 14: Money and Banking Chap 14: Money and Banking Chap: 15 Money Creation Chap: 15 Money Creation
26. 26. Principles of Macroeconomics COURSE OUTLINE 26 Prof Jean-Pierre Mulumba Ph. D. Week Monday G01 Tuesday G03 Wednesday G01 Thursday G03 Friday 10 13- 16 Chap 16: Interest Rates and Monetary Policy Chap 16: Interest Rates and Monetary Policy Q3: Ch. 10, 11, 12, 13, 14, 15,16 & 20 Q3: Ch. 10, 11, 12, 13, 14, 15,16 & 20 11 20 - 23 Chap 20: International Trade Chap 20: International Trade Chap 21: The Balance of Payments Chap 21: The Balance of Payments 12 27 -30 Overview Overview Overview Overview 13 Aug 3 - 6 Group Presentation Group Presentation Group Presentation Group Presentation 14 10 - 13 Final Exam Final Exam
27. 27. Principles of Macroeconomics COURSE OUTLINE 27 Important Dates: May 11: First day of class May 27: Quiz # 1 (G01) May 28: Quiz # 1 (G03) June 10: Quiz # 2 (G01) June 11: Quiz # 2 (G03) June 24: Midterm Exam (G01) June 25: Midterm Exam (G03) Prof Jean-Pierre Mulumba Ph. D.
28. 28. Principles of Macroeconomics COURSE OUTLINE 28 Important Dates: July 15: Quiz # 3 (G01) July 16: Quiz # 3 (G03) Aug 03: Group Presentations (G01) Aug 04: Group Presentations (G03) Aug 05: Group Presentations (G01) Aug 06: Group Presentations (G03) Aug 12: Final Exam (G01) Aug 13: Final Exam (G03) Prof Jean-Pierre Mulumba Ph. D.
29. 29. Self-Introduction 29 Prof Jean-Pierre Mulumba Ph. D.
30. 30. Principles of Macroeconomics Tell us -- 30 Your name Where you are from Where you have studied What you hope to study in the future What you have done in Boston, What you hope to do while you are here What you do for fun. Prof Jean-Pierre Mulumba Ph. D.