This course focuses on employment, output, and income determination. It also analyzes problems associated with short-run cyclical fluctuations and stabilization policy.

Rudiger Dornbusch, Stanley Fischer, and Richard Startz, Macroeconomcs, 7^th ed.

Students are required to complete three essays examinations related to class materials and submit a term paper.

1. Test 1 March 2 Chapters 1, 2, 3, 4, 5, 6, 7, 8
2. Test 2 April 6 Chapters 9, 10, 11, 12, 19, 20, 21
3. Paper May 4
4. Test 3 See final exam schedule Chapters 13, 14, 15, 16, 17, 18

You must write a paper that analyzes a macroeconomic event, problem or phenomenon. You may choose any focus that you wish so long that it is within the scope of macroeconomics. In the paper you must use a macroeconomic theory from the textbook as the framework from which you will analysis your issue. Whatever else your paper include you should define the problem; describe why it is a problem; explore the different points of view regarding the problem; explore the causes and effects as suggested by theory; analysis the problem and its component parts; examine each element and their relationships. Further stipulations include:

• The essay must be typed with one inch margins and double spacing.
• The essay must include quantitative data that support the arguments you make.
• The essay must include at least eight substantial sources that must be cited in a bibliography.
• The essay must be divided into sections with headings that describe the section.

Plagiarism is the use of another person's work or ideas without attribution. Paraphrasing a book without indicating where that material came from constitutes plagiarism as much as does copying from another student's work. Plagiarism of any work required for this course will result in a grade of "0" for the course. The student's name will then be reported to the proper college authorities so that administrative action can be taken.