EC132.01/02 Principles of Macroeconomics

The objective of this class is to develop a solid understanding of the basic concepts of Macroeconomics. As you may guess from the title of the course, the realm of Macroeconomics lies in the sientific assessment of the overall functioning of the economy and includes such arears as consumption and investment, interest rate and money, exchange rate and international trade. A particular emphasis is given to the issues of economic policy and government, inflation and unemployment. This is an important aspect of the macroeconomic theory as it provides a powerfull insight for policy makers on how to achieve sound economic performance.
Office Hours:
Mondays, Wednesdays, Fridays: 3:15 - 4:15
Thursdays: 11:30 - 12:30
or by appointment

Lectures: outline III
Final Exam: Grade Ranges
Lectures: outline I-II
Answer Key: Problem Set 9

Samuelson, Paul A. and Nordhaus William. "Macroeconomics," 18th ed., 2004 (paperback).
Samuelson, Paul A. and Nordhaus William. "Economics," 18th ed., 2004 (hardcover).

You will have 2 midterm exams:
on Friday, October 7th - 20%
on Friday, November 11th - 20%
A comprehensive final exam - 45%
EC132.01 - on Thursday, December 15th
EC132.02 - on Saturday, December 17th
9 problem sets - 15%

You should let me know immediately if you have any conflict with the exam dates. Make-up exams will not be given. If absent from the exam, you should provide a reasonable and legitimate excuse. If you missed your exam for an acceptable reason you will be graded on your other exams. Otherwise, unexcused absence will result in zero for your exam grade.

Please make sure that you know the University policy regarding Academic Integrity. Check online resources or read the appropriate section in the Boston College Catalog.

We will meet for three lectures per week on Monday, Wednesday and Friday from 1:00(2:00) to 1:50(2:50). Room - Campion Hall 231. Each Friday some time will be reserved to discuss a problem set that was distributed at the beginning of the week.

I expect you to read your textbook thoroughly, attend all lectures and submit your problem sets on time. I am going to post answer keys for the problem sets, sample exams and lecture notes on this web page. My lecture notes are not a substitute for the text and will only include a very brief summary of what was covered in class.

You are strongly advised to work on the problem sets, either in groups or individually, as they are going to be designed in the way that trains you for the midterm and final exams. If you work in groups, the problem set you submit should be your independent work and must not be copied from somebody else.

I encourage you to read press reports on the current issues of macroeconomic policy and ask questions in class as well as during office hours. Please feel free to stop by my office during office hours if you need any assistance with the course. I will post the schedule for the weekly office hours outside of my office.