ECON 1020

Introduction to Macroeconomic Principles

University of Manitoba

This course introduces students to the study of macroeconomics. Topics include: aggregate performance and policy; the determinants of national income, employment and the price level, the role of monetary and fiscal policies in stabilizing the economy and promoting economic growth. Students may not hold credit for ECON 1020 and any of: ECON 1021 or ECON 1210 or ECON 1211 or ECON 1220 or ECON 1221 or the former ECON 1200 or the former ECON 1201.
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24HR Notes for ECON 1020

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Nicolae Dragan

ECON 1020 Syllabus for Nicolae Dragan — Fall 2018

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The UNIVERSITY of MANITOBA
Department: Economics Course Title: Introduction to
Macroeconomic Principles
Course Number: ECON 1020 - A02 Term: Fall 2018
Class Location: Fletcher Argue 100 Time: TTh: 14:30 – 15:45
Date: September 6 - December 9
Instructor: Gabriel Drăgan
Contact:
Office: FA 552
Office hours: TTh 10:30-11:30 (or by appointment).
Email: Nicolae.Dragan@umanitoba.ca (must have “ECON 1020in the subject line)
Phone: 204-474-8208 (an email works so much better than a phone call!)
web-page: http://uw.dragans.net/
Twitter: @gabisclasses
Course Description: This course is an introduction to Macroeconomics, which is one of the two pillars
of Economics. Macroeconomics studies the aggregate economic activity, like economic growth,
unemployment and inflation. We will discuss the main macroeconomic concepts and some of the most
important tools macroeconomists use – aggregate demand and aggregate supply.
Topics: Readings:
Intro Ch. 1
Macro Data
GDP Ch. 5
Price Level Ch. 6
The Long Run
Growth Ch. 7
Saving and Investment Ch. 8
Unemployment Ch. 9
Monetary System Ch. 10, 11
The Open Economy Ch. 12, 13
The Short Run
Aggregate Demand and Aggregate Supply Ch. 14
Monetary and Fiscal Policy Ch. 15
Unemployment-Inflation Tradeoff: the Phillips Curve Ch. 16
Macroeconomic debates Ch. 17
Note: We may not have enough time to cover all of these topics; we may skip over some of them.
REQUIRED TEXT
Principles of Macroeconomics, Seventh Canadian Edition, 2017, by Mankiw, Kneebone and McKenzie,
Nelson Education
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METHOD OF EVALUATION
There will be three online assignments, two Midterm Exams and one Final Exam. The table below
lists the exams’ dates and their weight in the final grade:
DATE CONTRIBUTION TOWARDS FINAL GRADE
Thursday, October 4 Midterm Exam 10%
Thursday, November 8 Midterm Exam 15%
TBA (the week before each exam) Assignments 25%
December (TBA) Final Exam 50%
100%
Letter grades: A+ (>90%), A [80% , 90%), B+ [75% , 80%), B [65% , 75%), C+ [60% , 65%), C[50% ,
60%), D [45% , 50%), F (<45%). The numerical grade is NOT rounded up to the closest integer
percentage! (for example, a score of 74.99% is a B –- and will NOT be rounded up to 75%).
Please note the following :
0) Website, assignments, midterms
Students are required to register with the website of the course. All course materials (including assignments)
will be posted there; no paper (except this outline) will be handed out.
If a course features online assignments, the students can check that their assignments were indeed submitted;
excuses of the typeI clicked the submit button but I did not realize that my answer did not get recorded’ are
not valid. Since the answers become public knowledge after the deadline has passed, no late submissions are
allowed.
Students will not be permitted to write make-up tests or hand in assignments late. Students with
documented medical or compassionate reasons will have the weight of a missed test/assignment moved to
the other test/assignments.
1) Policy on Unclaimed Term Work
Any term work that has not been claimed by students will be held for four (4) months from the end of the
final examination period for the term in which the work was assigned. At the conclusion of this time, all
unclaimed term work will be destroyed according to FIPPA guidelines.
2) Student Resources
Student Accessibility Services
If you are a student with a disability, please contact SAS for academic accommodation supports and services
such as note-taking, interpreting, assistive technology and exam accommodations.
Students who have, or think they may have, a disability (e.g. mental illness, learning, medical, hearing, injury-
related, visual) are invited to contact SAS to arrange a confidential consultation.
Student Accessibility Services http://umanitoba.ca/student/saa/accessibility/
520 University Centre
204 474 7423
Student_accessibility@umanitoba.ca
Writing and Learning Support
The Academic Learning Centre (ALC) offers services that may be helpful to you throughout your
academic program. Through the ALC, you can meet with a learning specialist to discuss concerns such as
time management, learning strategies, and test-taking strategies. The ALC also offers peer supported study
groups called Supplemental Instruction (SI) for certain courses that students have typically found difficult. In
these study groups, students have opportunities to ask questions, compare notes, discuss content, solve
practice problems, and develop new study strategies in a group-learning format.
You can also meet one-to-one with a writing tutor who can give you feedback at any stage of the
writing process, whether you are just beginning to work on a written assignment or already have a draft. If
you are interested in meeting with a writing tutor, reserve your appointment two to three days in advance of
the time you would like to meet. Also, plan to meet with a writing tutor a few days before your paper is due
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so that you have time to work with the tutor’s feedback.
These Academic Learning Centre services are free for U of M students. For more information,
please visit the Academic Learning Centre website at: http://umanitoba.ca/student/academiclearning/
You can also contact the Academic Learning Centre by calling 204-480-1481 or by visiting 201 Tier
Building.
University of Manitoba Libraries (UML)
As the primary contact for all research needs, your liaison librarian can play a vital role when
completing academic papers and assignments. Liaisons can answer questions about managing citations, or
locating appropriate resources, and will address any other concerns you may have, regarding the research
process. Liaisons can be contacted by email or phone, and are also available to meet with you in-person. A
complete list of liaison librarians can be found by subject: http://bit.ly/WcEbA1 or name:
http://bit.ly/1tJ0bB4. In addition, general library assistance is provided in person at 19 University Libraries,
located on both the Fort Garry and Bannatyne campuses, as well as in many Winnipeg hospitals. For a listing
of all libraries, please consult the following: http://bit.ly/1sXe6RA. When working remotely, students can
also receive help online, via the Ask-a-Librarian chat found on the Libraries’ homepage:
www.umanitoba.ca/libraries.
3) Health and mental health
For 24/7 mental health support, contact the Mobile Crisis Service at 204-940-1781.
Student Counselling Centre
Contact SCC if you are concerned about any aspect of your mental health, including anxiety, stress, or
depression, or for help with relationships or other life concerns. SCC offers crisis services as well as
individual, couple, and group counselling. Student Counselling Centre:
http://umanitoba.ca/student/counselling/index.html
474 University Centre or S207 Medical Services
(204) 474-8592
Student Support Case Management
Contact the Student Support Case Management team if you are concerned about yourself or another student
and don’t know where to turn. SSCM helps connect students with on and off campus resources, provides
safety planning, and offers other supports, including consultation, educational workshops, and referral to the
STATIS threat assessment team.
Student Support Intake Assistant http://umanitoba.ca/student/case-manager/index.html
520 University Centre
(204) 474-7423
University Health Service
Contact UHS for any medical concerns, including mental health problems. UHS offers a full range of
medical services to students, including psychiatric consultation.
University Health Service http://umanitoba.ca/student/health/
104 University Centre, Fort Garry Campus
(204) 474-8411 (Business hours or after hours/urgent calls)
Health and Wellness
Contact our Health and Wellness Educator if you are interested in information on a broad range of health
topics, including physical and mental health concerns, alcohol and substance use harms, and sexual assault.
Health and Wellness Educator http://umanitoba.ca/student/health-wellness/welcome.html
Katie.Kutryk@umanitoba.ca
469 University Centre
(204) 295-9032
Live Well @ UofM
For comprehensive information about the full range of health and wellness resources available on campus,
visit the Live Well @ UofM site: http://umanitoba.ca/student/livewell/index.html
4) Your rights and responsibilities
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As a student of the University of Manitoba you have rights and responsibilities. It is important for you to
know what you can expect from the University as a student and to understand what the University expects
from you. Become familiar with the policies and procedures of the University and the regulations that are
specific to your faculty, college or school.
The Academic Calendar is one important source of information. View the sections University Policies and
Procedures and General Academic Regulations.
While all of the information contained in these two sections is important, the following information is
highlighted.
Academic honesty. Please refer to the current University Calendar for university policy on
plagiarism and cheating (check the web Calendar). Please note that the penalties for cheating are severe, will
often include an F in the course, and a note on your transcript.
During an exam you are not allowed to (among other possible restrictions):
- speak or communicates in any way to another student, including while handing in the exam;
- lean back during the final exam, if it takes place in a room with dividers between desks. Leaning back with
partitions facilitates cheating, and if you lean back, we will presume you are attempting to cheat. Consider
yourself warned.
Any student breaking the above rules will have to hand in the exam, will be given a zero for the exam, and
will be reported to their Faculty.
Copyright. All students are required to respect copyright as per Canada’s Copyright Act.
Staff and students play a key role in the Universitys copyright compliance as we
balance user rights for educational purposes with the rights of content creators
from around the world. The Copyright Office provides copyright resources and
support for all members of the University of Manitoba community.
Visit http://umanitoba.ca/copyright for more information.
If you have questions about your grades, talk to your instructor. There is a process for term work
and final grade appeals. Note that you have the right to access your final examination scripts. See the
Registrar’s Office website for more information including appeal deadline dates and the appeal form
http://umanitoba.ca/registrar/
You are expected to view the General Academic Regulation section within the Academic
Calendar and specifically read the Academic Integrity regulation. Consult the course syllabus or ask your
instructor for additional information about demonstrating academic integrity in your academic work.
Visit the Academic Integrity Site for tools and support http://umanitoba.ca/academicintegrity/. View the
Student Academic Misconduct procedure for more information.
The University is committed to a respectful work and learning environment. You have the right to
be treated with respect and you are expected conduct yourself in an appropriate respectful manner. Policies
governing behaviour include the:
Respectful Work and Learning Environment
http://umanitoba.ca/admin/governance/governing_documents/community/230.html
Student Discipline
http://umanitoba.ca/admin/governance/governing_documents/students/student_discipline.html and,
Violent or Threatening Behaviour
http://umanitoba.ca/admin/governance/governing_documents/community/669.html
If you experience Sexual Assault or know a member of the University community who has, it is
important to know there is a policy that provides information about the supports available to those who
disclose and outlines a process for reporting. The Sexual Assault policy may be found at:
http://umanitoba.ca/admin/governance/governing_documents/community/230.html. More information and
resources can be found by reviewing the Sexual Assault site http://umanitoba.ca/student/sexual-assault/.
Intellectual Property
For information about rights and responsibilities regarding Intellectual Property view the policy
http://umanitoba.ca/admin/governance/media/Intellectual_Property_Policy_-_2013_10_01.pdf.
For information on regulations that are specific to your academic program, read the section in the Academic
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Calendar and on the respective faculty/college/school web site http://umanitoba.ca/faculties/ .
Contact an Academic Advisor within our faculty/college or school for questions about your academic
program and regulations http://umanitoba.ca/academic-advisors/ .
Student Advocacy
Contact Student Advocacy if you want to know more about your rights and responsibilities as a student, have
questions about policies and procedures, and/or want support in dealing with academic or discipline
concerns.
http://umanitoba.ca/student/advocacy/
520 University Centre
204 474 7423
student_advocacy@umanitoba.ca.
5) Allowed exam items
During the exam students may be asked for identification. During the exams students are allowed to use
simple calculators only and no other electronic devices (i.e. dictionaries, tablet computers, smart
phones/watches/glasses/etc) are allowed. Paper dictionary are allowed, but they have to be shown to the
invigilator before the exam begins.
Black pencils are required for filling in bubble sheets.
6) All final grades are subject to departmental approval.
7) No student will be permitted to submit term work for assessment to the instructor (and term work should
not be returned to students) by any means which allows unrestricted and unauthorized public access to the
term work. For example, term papers, term tests or other written assignments should not be received or
returned from a box outside the instructor’s office door, but a student could provide a self-addressed stamped
envelope for return of the term work.
8) Students appealing any term work whether it be an informal or formal appeal must appeal their term work
within 10 working days of receiving their mark. An "Application for Appealing a Grade Given for Term
Work" form must be submitted to the Department offering the course.
SOME IMPORTANT DATES FOR OUR COURSE
Tuesday, September 18 The last date to drop this course with a refund
Thursday, October 4 Midterm Exam 1.
Thursday, November 8 Midterm Exam 2.
November 13 – 16 Fall Term Break. No classes.
Monday, November 19 Voluntary withdrawal deadline. You are welcome to come and talk to me
before deciding to withdraw. At least 35% of your final grade will be
marked by this date. No refund.
Thursday, December 6 Last day of classes.
December, TBA Final Exam.

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