EC410 Macroeconomic Theory
SOUTHEAST MISSOURI STATE UNIVERSITY
Department of Economics and Finance
COURSE SYLLABUS, EC410, Macroeconomic Theory

Revised in October 1989

I. Catalog Description and Credit Hours of Course

Analysis of an economy's overall level of output, employment and prices. Several schools of thought are considered.

II. Prerequisite(s)

MA134 College Algebra

EC215 Principles of Microeconomics

EC225 Principles of Macroeconomics

EC335 Money and Banking is recommended

III. Purposes or Objectives of the Course

A. Use IS-LM, Aggregate Demand-Aggregate Supply and other models to analyze an economy.

B. Explain the position of each major school of thought in macroeconomics today.

IV. Expectations of Students

A. Regular class attendance and participation in class discussions and question/answer sessions.

B. Individual review of material presented in EC225, if necessary.

C. Familiarity with assigned reading assignments.

D. Satisfactory performance on examinations.

E. A minimum of two hours of outside class work for every hour in class.

V. Course Outline

A. Basic Concepts

B. The Product Market and the IS Curve

C. The Money Market and the LM Curve

D. The Theory of Income Determination-IS-LM Analysis

E. The Theory of Income Determination- Aggregate Suply-Aggregate Demand Analysis

F. Schools of Thought

VI. Textbook(s) and/or Other Required Materials or Equipment

Macroeconomics, Oliver Blanchard, Prentice-Hall, 1997.

VII. Basis of Student Evaluation

Performance on tests and other measures of performance that may be employed.