Spring Syllabus

Principles of Macroeconomics
Northeastern Illinois University
Economics 215
Fall 2008
Shane Murphy

This course introduces fundamental macroeconomic principles and methods. Macroeconomics is the study of large scale economies, mainly nations, and their growth. Key topics are Among the topics covered are economic instability, countercyclical economic policies, money, the banking system, government economic activity, fiscal policy, monetary policy, and national income theory.. We might see these as techniques for thinking about problems, and we will apply these techniques to social and political issues.

Course Requirements

Weekly problem sets will be assigned and homework will be due on Wednesdays. With some exceptions, I will not accept late homework. Two one page book reports will be expected as well. I will give a short quiz on Fridays at the begining of class. We will have a midterm and a final. If you will miss class the day of the midterm, arrangements must be made in advance to take the test at a different time. The final cannot be made up, do not miss it.


Math-091 with a grade of "C" or MATH-102 placement.


The textbook for this course is Principles of Macroeconomics, by Ben Bernanke and Robert Frank (amazon.com link to used books here). Most of the readings from the book will be covered in class, but some may not. The homework and tests will be largely derived from the textbook. Other resources will be available online.
Later in the semester, we will read "The Elusive Quest for Growth" by William Easterly. Please order this book online, I recomend bookfinder.com, although the amazon link is stable.


Quizes are meant to tell me what you are gaining from the lectures, and will only make up a small part of the grade (~10%). The rest of the grade will be from homework (~50%), midterm (~20%), and the final (~20%). I expect the scale to be something like A > 90% > B > 80% > C > 70% > D > 60% > F


This course will cover most chapters from the text, with some supplimentary materials.

Homework Assignments