Macroeconomics Course Overview and Tips

Sep 22, 2024

Econ 155: Principles of Macroeconomics - Introduction Lecture Notes

Instructor Introduction

  • Instructor: Tom Wyrick
  • Course: Econ 155 - Principles of Macroeconomics
  • Focus: Basic principles of economics and operation of a market economy.

Course Materials

  • Textbook: Macroeconomics by Roger Arnold
  • Study Guide: Recommended for additional understanding
  • Online Resources: Class handouts and announcements available on the internet.

Communication

  • Contact Methods:
    • Email: Preferred for questions and communication
    • Phone: 836-5060
    • Office: Room 370
  • Tutoring: Available in the economics department; schedule will be posted online.

Course Overview

Course Description

  • Examines the operation of our market economy.
  • Focus on government policies that influence economic conditions.
  • Suitable for business majors or general education requirement.

Key Concepts in Economics

  • Social Science: Studies human behavior, individual interactions, and decision-making.
  • Macroeconomy: Focuses on overall economic activity, measured by Gross Domestic Product (GDP).
  • Self-Interest: Assumes that individuals act out of self-interest in economic interactions.

Fundamental Economic Terms

  • GDP: Measures total economic output; expected to be a recurring term this semester.
  • Economic Models: Used to explain marketplace interactions and economy operations.

Importance of Vocabulary in Economics

  • Understanding specific definitions of economic terms is crucial.
  • Keep a list of key concepts and their definitions as they relate to each other.

Course Structure and Grading

Exams

  • Total of 5 exams (4 regular + 1 final).
  • Exam format: Multiple choice, true/false questions.
  • Content from class discussions and textbook material.

Grading Scale

  • A: 87%
  • B: 77%
  • C: 67%
  • D: 57%
  • Adjustments may be made if necessary to ensure fair scoring.

Exam Opportunities

  • Two opportunities for each exam: during regular class time and an optional Saturday session.
  • Missed Exams: Must contact instructor for an excused absence or score will be zero.

Study Tips

  • Anticipate exam content by reviewing class notes and textbook; focus on emphasized topics.
  • Develop a study schedule to avoid cramming before exams.

Internet and Email Use

  • Importance of using email for grades and communication with the instructor.
  • Overview of navigating the internet and using email effectively (e.g., Bear Mail for communication).

Online Resources for Economic Data

  • Utilize government websites for current economic information (e.g., Bureau of Labor Statistics, White House Briefing Room).
  • Stay updated on economic releases and reports that impact understanding of course material.

Final Thoughts

  • Commitment to understanding economics is essential as it affects all aspects of life as workers, consumers, and business owners.
  • Looking forward to a productive semester; reach out for assistance as needed.