Economics deals with society's fundamental problems; it concerns

everyone and belongs to all. It is the main and proper study of every
citizen. Ludwig von Mises
ECONOMICS 1--PRINCIPLES OF MACROECONOMICS
De Anza College
Summer Quarter 2014
INSTRUCTOR: DR. NINOS P. MALEK
EMAIL**: ninosmalek@hotmail.com
WEBSITE: www.ninosmalek.com
COURSE DESCRIPTION AND OBJECTIVES
Economics can be defined as the study of exchange given certain institutional
arrangements o it can be !iewed as the study of human actionpeople making choices.
"his co#se will teach $o# abo#t economic easonin% and how the social science of
economics a&&lies to the eal wold and to $o# dail$ life. This is NOT a course in
business, personal finance, or ines!in"#
M$ %oal is to teach $o# how economic anal$sis can be #sed to e!al#ate actions taken b$
indi!id#als and the %o!enment. "o&ics to be disc#ssed incl#de f#ndamental conce&ts of
economics s#ch as scacit$ and o&&ot#nit$ cost' intenational tade' the ole of &ices in
allocatin% %oods and se!ices' a&&lications of s#&&l$ and demand to &#blic &olic$ iss#es
incl#din% the minim#m wa%e( ent contol( and )&ice %o#%in%*' chaacteistics of
ca&italism and socialism' +DP( inflation( #nem&lo$ment' basic macoeconomic model of
a%%e%ate s#&&l$ and demand' ,lassical( Ke$nesian( and New Ke$nesian models of the
econom$' o!e!iew of mone$ and the -edeal Rese!e.
M$ method is to teach this class fom a &hiloso&hical and &actical &oint of !iew. I will
not foc#s on the mathematics o the technical as&ects of the economics. I want $o# to
ha!e an int#iti!e #ndestandin% athe than a mechanical #ndestandin%. .owe!e( $o#
will be e/&ected to lean and a&&l$ the basic s#&&l$ and demand model 0%a&h1. The "oal
b$ !he en% of !he se&es!er is !o "e! $ou !o anal$'e personal si!ua!ions, lis!en !o !he
ne(s, %iscuss poli!ics, an% ar"ue (i!h $our frien%s an% fa&il$ usin" !he )econo&ic
(a$ of !hin*in"#+
I #ndestand that st#dents ha!e diffeent leanin% st$les. Some lean b$ eadin% 0!ebal1(
othes b$ listenin% 0a#dito$1( and still othes &imail$ b$ doin%. I do m$ best to addess
all st$les of leanin% b$ inco&oatin% lect#es( class disc#ssion( %o#& &oblem2sol!in%
e/ecises( sim#lations( and !ideos tho#%ho#t the semeste.
I will assi%n n#meo#s shot eadin%s and show !ideos and !ideo cli&s on !aio#s &olic$
to&ics. "he %oal of these eadin%s and !ideos3!ideo cli&s is to make $o# think citicall$
and to look at iss#es fom a &es&ecti!e $o# &obabl$ ha!e not consideed befoe this
class.
C,ASSROO- E.PECTATIONS
I do e/&ect all st#dents to beha!e &ofessionall$ d#in% class. "his means that I do not
a&&eciate cell phone text messagng o catchng !p on "ace#oo$ d#in% class( %ea&ng
news&a&es o othe mateials while I am teachin%( o tal$ng while anothe st#dent is
askin% a 4#estion( d#in% a !ideo( o when I am lect#in%.
"alkin% is !e$ dis#&ti!e to st#dents who want to lean and to me as the inst#cto. I will
not a&&eciate an$ sleepng o hea&s &o'n d#in% class. If $o# %et tied( %o ahead and
exc!se (o!%sel) &!%ng class and go o!ts&e and walk ao#nd #ntil $o# wake #&. If $o#
%et #o%e&( &lease do not let me know that b$ &#ttin% $o# head down on $o# desk. I
wo#ld athe $o# lea*e the classoom.
Also be %ealstc abo#t $o# pe%sonal &scplne and commtment to this class. If $o#
ha!e a tendenc$ to )5one o#t* o if $o# 6ob3e/tac#ic#la acti!it$3othe commitments
will make it diffic#lt fo $o# to attend class o to sta$ the entie time( $o# sho#ld
econside takin% this class at anothe time.
RE/UIRED BOO0S
7. Macroeconomics, 11
th
edition b$ Ro%e Anold
8. The Economics of Macro Issues( 6
th
edition b$ Mille( 9en6amin( and Noth
:. Economics in ne !esson( .a5litt
1RADES AND -A0EUP PO,IC2
-o# E/ams; the hghest th%ee will co#nt<0e!en if $o# %et an )A* on the fist thee
e/ams( I hi%hl$ ecommend that $o# do not slack off. "he -inal will co!e mateial
fom all the e/ams and $o# ae e4#ied to take the -inal=1 344 poin!s each
-inal 0comp%ehens*e pl!s an$ emainin% mateial afte E/am >1; 544 poin!s
+ades will be based on the hi%hest : e/ams 0:?? &oints ma/im#m1 and the -inal 0@??
&oints ma/im#m1. "hee will be a ma/im#m of +,, ponts. 6ha!eer percen!a"e $ou
earn ou! of 744 poin!s (ill %e!er&ine $our "ra%e#
6ARNIN188888
*The%e 'll #e no ma$e!p exams. If $o# ae absent the da$ of the e/am( $o# will
ecei!e a )?* and I will do& that test 0NO MA""ER A.A" ".E REASON IS;
PERSONAL PRO9LEMS( -AMILB SI"CA"ION( ILLNESS( AORK2RELA"ED(
E",.1. SO( PLEASE DO NO" ,OME "O ME AND ASK ME I- BOC ,AN "AKE
".E EDAM A" ANO".ER "IME= I) (o! mss an( mo%e exams- those exams 'll #e
g*en a .e%o.
Please do not ask me if $o# can take an e/am eal$ o late. I 'll g*e (o! the exam
'hen I &ec&e to g*e (o! the exam/ Bottom lne: (o! nee& to ta$e the exams 'th
the ENTIRE CLASS ON T0E SC0E1ULE1 E2ENIN3 AT T0E SC0E1ULE1
TIME444NO E5CE6TIONS/
I will not do& $o# afte the a&&o&iate date beca#se of &oo &efomance o missin%
scoes.
1RADIN1 SCA,E
A7: +8.9:;,,
A: +<.9:+8.=
A4: >+.9:+<.=
B7: >8.9:>+.=
B: ><.9:>8.=
B4: ?+.9:><.=
C7: ?8.9:?+.=
C: 8+.9:?8.=
17: 88.9:8+.=
1: 8<.9:88.=
14: 9+.9:8<.=
": 9+.=:BELOW
ATTENDANCE
It is #& to $o# to meas#e the costs and benefits of $o# class attendance. .owe!e( I
hi%hl$ ecommend e%#la attendance beca#se the e/ams will co!e moe than 6#st the
eadin%s. Also note that I do not loan o#t m$ &esonal !ideos and I do not belie!e the
liba$ has them 0$o# can confim this1. Bo# onl$ othe o&tion to watch !ideos is to
&#chase them. I also %i!e in2class eadin%s which ae eli%ible to be on e/ams also. So(
thee is a cost to missin% class.
If I wee $o#( I wo#ld e/chan%e &hone n#mbes3email addesses with othe membes of
the class( es&eciall$ if $o# cannot %et a hold of me. It is $o# es&onsibilit$ to find o#t
what $o# missed if $o# ae absent o late o if $o# lea!e eal$. Do no! assu&e an$!hin"
re"ar%in" !he sche%ule# I resere !he ri"h! !o chan"e &$ sche%ule, inclu%in" !es! %a!es
an% !i&es# I will alwa$s %i!e $o# notice if thee ae an$ chan%es( b#t if $o# ae absent the
ne/t class meetin% o if $o# come in late o lea!e eal$( thee co#ld be anothe chan%e to
the sched#le while $o# ae %one.
Bottom lne: if $o# come in late and I am alead$ talkin%( ass#me I made an im&otant
anno#ncement and ask me d#in% the beak if indeed I did make an$ anno#ncements. If
$o# ha!e to lea!e eal$( send an email to me o someone $o# t#st to make s#e that I did
not chan%e m$ mind abo#t the sched#le o make an$ f#the anno#ncements. It is alwa$s
a %ood idea to send an email to me o someone $o# t#st to confim what we co!eed if
$o# ae absent fo the entie class.
"nal s on @same tme an& placeA