Basic Economics II

University of California - Irvine

The fundamentals of macroeconomics. Government behavior: monetary and fiscal policy, inflation, and unemployment. Effective fall 2006, the content of Economics 20B is macroeconomics. This course cannot be taken to repeat Economics 20B taken prior to fall 2006.
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24HR Notes for ECON 20B

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ECON 20B Syllabus for AGGARWAL, N. — Winter 2018

Econ 20B Basic Economics II
University of California, Irvine
Winter, 2019
Instructor: Dr. Neerja Aggarwal
Office hours: Fridays, 1:30 pm 3:00 pm, SSPB 3239
Class: MWF, 10:00 am 10:50 am, SSLH 100
1. Kristen Aanstoos,
2. Cody Couture,
3. Amir Goren,
4. Xiuyao Yang,
Course web page:
Course Objectives: Econ 20B (Basic Economics II) serves as an introductory course on
macroeconomics. Macroeconomics is a field of economics which studies the health of the
aggregate economy by examining indicators such as gross domestic product, unemployment,
inflation, economic growth, money growth etc. In this course we’ll understand the major
macroeconomic concepts, methods, and theories and apply them to real-world problems. This is a
General Education course, and meets the Category III: Social and Behavioral Sciences student
learning outcomes, as mentioned below.
Student Learning Outcomes for General Education:
(Category III: Social and Behavioral Sciences)
After completing the course, successful students will be able to do the following:
1. Demonstrate knowledge and understanding of the theories, sources and interpretations of human
behavior and organization (e.g. individual, societal and/or institutional).
2. Do at least one of the following:
a. Demonstrate an understanding of contemporary and historical perspectives on individual or
collective human behavior (e.g. individual, social movements and/or institutions).
b. Understand and explain the scientific/interpretive methods used in the acquisition of knowledge
and the testing of competing theories, in the social and/or behavioral sciences.
Prerequisites: ECON 20A (Refer to the university website for further details.)
Textbook: Custom version of Mankiw, Gregory N., Principles of Economics, 8th edition (with
Aplia access), ISBN: 9781337699372. This book is available at the bookstore.
Course Grade Criteria:
Section Attendance: 5%
HWs: 15%
Midterm Exam: 35%
Final Exam: 45%
Scale: A+ : 96% ; A : 93% ; A- : 90% ; B+ : 87% ; B : 83% ; B- : 80% ; C+ : 77% ; C : 73% ; C-
: 70% ; D+ : 67% ; D : 63% ; D- : 60% ; F : Below 60%
HWs: Homework for each topic will be posted on Aplia and you are required to submit your
homework by the mentioned due date and time. All the homeworks are graded, and the lowest
homework score will be dropped. The details on Aplia registration and payment are given at
the end of the syllabus.
Lecture Notes: Be sure that you attend all the classes and take down the notes. The notes
provided in class will not be made available online. A part of the teaching material (slides)
will however be posted online. (You are advised to print the slides and bring to class)
Discussion Sections (start week 2): Discussion sections are mandatory and you can miss
(only) one section for full credit on section attendance. You are required to attend the section
that you are enrolled in.
Exams: There are two exams for this course: midterm and partially-cumulative final. There
will be no makeup exams. The exams will consist of a mix of multiple choice and brief answer
questions. In case you are unable to take a scheduled exam due to some documented
sickness/emergency, you should contact me or the TAs so that an alternative
arrangement/option can be considered.
Cell phone Policy: Keep your cell phones and other electronic devices switched off during the
Strict Class Rule: Do not engage in photography or videography; this will result in grade
Additional information: Keep yourself updated with the announcements and course materials
posted on the course website.
Email: For any course related questions, you should email and ask your TA first. Due to a
large volume of emails I may be unable to reply promptly to your email.
Economics Learning Center, ELC: Check out the details of the center at, the center is a useful resource in case you have course-related
Students with Disabilities: If you anticipate needing any type of an academic accommodation in
this course or have questions about physical access, please discuss this with me during the first
week of class AND please register with the Disability Services Center
( In order for you to receive any type of academic accommodation,
I will need formal notification from the Disability Services Center during the first two weeks of
the quarter, of the type of academic accommodations to which your disability entitles you.
Academic Dishonesty: The minimum academic penalty for cheating on a homework assignment
or exam is a zero grade for the assignment or exam in question and the maximum academic penalty
will be a failing grade for the course. Additional administrative penalties may be imposed by the
university. I will not hesitate to report suspected cheaters to the Office of Academic Integrity &
Student Conduct. Review the University's policies at: .
Outline (subject to change)
1. Introduction.
2. Measuring a Nation’s Income, Ch. 23.
3. Measuring the Cost of Living, Ch. 24.
4. Production and Growth, Ch. 25 (until section 25-3b).
5. Saving, Investment, and the Financial System, Ch. 26.
6. Unemployment, Ch. 28 (sections 28-1a, 28-1b, 28-1d, 28-2, 28-3 and 28-5).
7. The Monetary System, Ch. 29 (sections 29-1, 29-2, 29-3a, 29-3b, 29-3c, 29-4a, 29-4b and 29-
8. Money Growth and Inflation, Ch. 30.
9. Open Economy Macroeconomics: Basic Concepts, Ch. 31.
10. TBA.
(It is highly recommended that you read the textbook along with the notes and slides before
answering the homework questions.)
Exam Dates:
Midterm: Wednesday, February 6th (Class time)
Final: Monday, March 18th (10:30 am 12:30 pm)
Holidays (see the UCI academic calendar for more details):
1. Monday, January 21st (Martin Luther King, Jr. Day)
2. Monday, February 18th (Presidents Day)
How to access your Aplia course
ECON 20B, W19
Instructor: Neerja Aggarwal
Start Date: 01/07/2019
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