Macro first day class

ECNM 1115 CRN: 50878 G01
CRN: 51322 G03
Instructor: Dr Jean-Pierre Mulumba
1
Principles of Macroeconomics
Prof Jean-Pierre Mulumba Ph. D.

Agenda for today class
2
 Greeting
 Discussion of syllabus
 Introductions
 Limits, Alternatives, and Choices

Syllabus Discussion
3 Prof Jean-Pierre Mulumba Ph. D.

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

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

6
COURSE TEXT:
Required: Campbell McConnell, Stanley Brue, and Sean
Flynn, Macroeconomics, 20th Edition, McGraw-Hill, 2014,
ISBN 978-0-07-766062-8

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

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: there’s no such thing
as a free lunch
 value is a function of scarcity

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
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 student’s grade

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

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.

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.

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%

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%

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.

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

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.

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
student’s final grade in the course to be
decreased one grade increment (i.e. B- to
C+).

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

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

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 student’s 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 one’s
own in any academic exercise without providing proper documentation.

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
student’s 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

COURSE OUTLINE
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

COURSE OUTLINE
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

COURSE OUTLINE
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

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)

COURSE OUTLINE
28
 Important Dates:
 July 15: Quiz # 3 (G01)
 July 16: Quiz # 3 (G03)
 Aug 03: Group Presentations (G01)
 Aug 12: Final Exam (G01)
 Aug 13: Final Exam (G03)

Self-Introduction

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.

Macro first day class

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