ECON 20B

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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AGGARWAL, N.

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

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Econ 20B Basic Economics II
University of California, Irvine
Winter, 2019
Instructor: Dr. Neerja Aggarwal
Email: neerja.agg@uci.edu
Office hours: Fridays, 1:30 pm 3:00 pm, SSPB 3239
Class: MWF, 10:00 am 10:50 am, SSLH 100
TAs:
1. Kristen Aanstoos, kaanstoo@uci.edu
2. Cody Couture, ccouture@uci.edu
3. Amir Goren, agoren@uci.edu
4. Xiuyao Yang, xiuyaoy@uci.edu
Course web page: https://canvas.eee.uci.edu/courses/13231
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
class.
Strict Class Rule: Do not engage in photography or videography; this will result in grade
penalty.
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
http://sites.uci.edu/econlc/, the center is a useful resource in case you have course-related
difficulties.
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
(http://www.disability.uci.edu/). 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: https://aisc.uci.edu/index .
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-
4d).
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
What is Aplia?
In the last 15 years, more than two billion answers have been submitted through Aplia, the
premier online assignment solution. Millions of students use Aplia to better prepare for class and
for their exams. Join them today!
Registration
1. Connect to https://www.cengage.com/dashboard/#/course-confirmation/G67M-37MB-
D9ZE/initial-course-confirmation.
2. Follow the prompts to register for your Aplia course.

Lai Jiang

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ECON 20B Lecture Notes - Winter 2019, Lecture 18 - Money Market Fund, Federal Reserve System, Commercial Bank
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Lai Jiang

ECON 20B Syllabus for Lai Jiang — Winter 2019

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Econ
20B:
Basic
Economics
II
Winter 2019
University of California, Irvine
Instructor:
Lai Jiang
Office:
SSPB 3237
Office Hours:
1:00 1:50 pm Mondays, Wednesdays and Fridays;
Email:
ljiang14@uci.edu
Teaching
Assistants
:
The teaching assistants (TAs) for this course are:
·
Yoonjung Kim yoonjunk@uci.edu
The TAs are responsible for leading one or more discussion sections (more below), answering
student questions, and grading homeworks and exams.
Course
Description
:
This
course
is
an
introduction
to
the
principles
of
macroeconomic
analysis.
We
will
(1)
use
economic
principles
to
examine
the
causes
and
consequences
of
macroeconomic
phenomena
such
as
economic
growth
and
uctuations,
inflation,
and
un-
employment;
(2)
use
simple
models
to
study
the
determinants
of
a
nation’s
income,
level
of
prices,
and
interest
rates;
and
(3)
study
how
scal
and
monetary
policies
influence
the
macroeconomy.
Textbook
: Principles of Economics, 8th edition with Aplia Gregory Mankiw, Cengage Learning,
9781337699372
1
Prerequisites:
Econ 20A.
Attendance
:
I
will
not
be
taking
attendance.
I
will
do
my
best
to
make
coming
to
class
worthwhile.
Any material that I cover in class could certainly be included on an exam.
Academic
Integrity:
I
take
it
seriously
and
you
should
too.
Any
instances
of
academic
misconduct that I or the TAs uncover will be reported to Dean’s office.
Review the univer-
sity’s policies at:
http://honesty.uci.edu/.
Students
with
Disabilities:
If you require special accommodation, then you must submit
documentation from the Disability Service Center (DSC) to me within the rst two weeks of
the quarter and
you must inform me in writing at least one week in advance of each instance
for which an accommodation will be required.
Grading:
Homeworks: 20%
Midterm 1: 20%
Midterm 2: 20%
Final: 40%
The homework is due every Monday at noon, starting from the third week of the class. Please use
scantron of format F-288 to complete the homework and hand in in your TA mailbox (which is located
in the mail room the third floor of SSPA building). Only the highest 5 grades from your homework will
be counted towards your final grades. Midterms and final will be closed books.
Discussion Sections: You must be enrolled in a discussion sections associated with this
course. Discussion sections are led by a graduate student TA. Your TA
is your primary source of assistance with the course. All of your questions about course
expectations, course material, grading, and procedures should, at least initially, be addressed
to your TA.
Midterm Exams: Monday, Febuary 4th and Monday, March 4th.
No make-up exams will be given.
Final Exam: Wednesday, March 20th, 4:00pm-6:00pm. The nal exam will be
comprehensive and everyone must take it.
Preliminary Course Schedule:
Date
Content
Jan 7th
Chapter 19 Measuring a Nation’s Income
Jan 9th
Chapter 19 Measuring a Nation’s Income
Jan 11th
Chapter 19 Measuring a Nation’s Income
Jan 14th
Chapter 20 Measuring the Cost of Living
Jan 16th
Chapter 20 Measuring the Cost of Living
Jan 18th
Chapter 20 Measuring the Cost of Living
Jan 21st
Holiday
Jan 23rd
Chapter 21 Production and Growth
Jan 25th
Chapter 21 Production and Growth
Jan 28th
Chapter 22 Saving, Investment, and the Financial System
Jan 30st
Chapter 22 Saving, Investment, and the Financial System
Feb 1st
Chapter 22 Saving, Investment, and the Financial System
Feb 4th
Mid Term Exam I
Feb 6th
Chapter 23 The Basic Tools of Finance
Feb 8th
Chapter 23 The Basic Tools of Finance
Feb 11th
Chapter 24 Unemployment
Feb 13th
Chapter 24 Unemployment
Feb 15th
Chapter 24 Unemployment
Feb 18th
Holiday
Feb 20st
Chapter 25 The Monetary System
Feb 22nd
Chapter 25 The Monetary System
Feb 25th
Chapter 26 Money Growth and Inflation
Feb 27th
Chapter 26 Money Growth and Inflation
Mar 1st
Chapter 26 Money Growth and Inflation
Mar 4th
Mid Term Exam II
Mar 6th
Chapter 27 Open-Economy Macroeconomics: Basic Concepts
Mar 8th
Chapter 27 Open-Economy Macroeconomics: Basic Concepts
Mar 11th
Chapter 29 Aggregate Demand and Aggregate Supply
Mar 13th
Chapter 29 Aggregate Demand and Aggregate Supply
Mar 15th
Chapter 29 Aggregate Demand and Aggregate Supply

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