Preview

ECON102

Good Essays
Open Document
Open Document
2188 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
ECON102
THE UNIVERSITY OF HONG KONG
FACULTY OF BUSINESS AND ECONOMICS

School of Economics and Finance
ECON 1002 – Introduction to Economics II (3 year Curriculum)
Semester 2, 2012 -13

GENERAL INFORMATION

I. Lecture

Sub-Class
Time
Venue
E
Monday 9:30 am – 11:20 am
KK LG 109

Thursday 9:30 am – 10: 20 am
KK LG 109
F
Monday 11:30 am – 12:20 pm
KK LG 109

Thursday 10:30 am – 12: 20 pm
KK LG 109

II. Instructor and Teaching Assistant

Instructor
Teaching Assistant
Name
Dr. Claudian Kwok
Mr. Sunny Chan
Office
KK 932
KK 1026
Phone
2859-1045
2241-5381
E-mail cskwok@hku.hk kane0039@hku.hk
Office Hours
Mondays 3:00 pm – 4:30 pm;
Thursdays 3:00 pm – 4:00 pm;
Appointments outside office hours are welcome
To be confirmed

III. Pre-requisites
While ECON 1001, Introduction to Economics I, is not a pre-requisite of ECON 1002, it is better that you take ECON 1001 first because ECON 1002 will use on some of the basic concepts introduced in ECON 1001.

IV. Course Website
The course handouts will be uploaded in the course moodle before the lectures and tutorials.

V. Textbook

Required Textbook
Macroeconomics by Hubbard, R. Glenn and Anthony P. O’Brien, Fourth Edition (2013), Pearson International Edition.

Reference
The following is a good reference for the course:
Principles of Macroeconomics by Bernanke, Ben S. and Robert H. Frank, Fifth Edition(2013), McGraw-Hill Irwin. COURSE DESCRIPTION
This course is an introduction to macroeconomics — the study of business cycle fluctuations and long-run economic growth. The course will first introduce students to the measurement of major macroeconomic variables and the main issues in macroeconomics. It will then introduce students to models that study the trend of the economy in the long run and the cyclical ups and downs of the economy in the short run. Empirical evidence and the effects of fiscal and monetary policies will be discussed along the way.
COURSE OBJECTIVES
Continue Reading
View Writing Issues

You May Also Find These Documents Helpful

  • Better Essays

    Will Bury Business Proposal
    • 1251 Words
    • 6 Pages

    Will Bury Business Proposal

    McConnell, C., Brue, S., & & Flynn, S. (2009). Economics: Principles, Problems, and Policies. (18th, Ed.) Boston, MA: McGraw-Hill Irwin.…

    • 1251 Words
    • 6 Pages
    Better Essays
    Read More
  • Powerful Essays

    econ 010
    • 1496 Words
    • 6 Pages

    econ 010

    Econ 10 TA’s will hold a total of 18 hours of review sessions and 18 hours of office hours before the final. Please note that no help is available on the day of the final.…

    • 1496 Words
    • 6 Pages
    Powerful Essays
    Read More
  • Good Essays

    Eco372 week 5 individual assignment
    • 991 Words
    • 4 Pages

    Eco372 week 5 individual assignment

    References: Colander, D.C. (2010). Macroeconomics (8th ed.). Retrieved from The University of Phoenix eBook Collection Database.…

    • 991 Words
    • 4 Pages
    Good Essays
    Read More
  • Satisfactory Essays

    Econ205
    • 471 Words
    • 2 Pages

    Econ205

    A closed economic system is an economic model that only uses domestic exchanges of goods and services. The foreign produced goods and services that are bought by American households as well as factors of production acquired by American businesses from overseas owners are not included in the closed model. An example of a closed economic system would be communism. An open economic system is different from a closed economic model because this model includes all of the factors in a closed economy as well as the factors that come from foreign economies. These factors often lead to some sort of tax being paid to the government. An example of this type of economy would be capitalism.…

    • 471 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Satisfactory Essays

    econ103asdasd
    • 1365 Words
    • 6 Pages

    econ103asdasd

    Oval track racing is a form of closed-circuit automobile racing that is contested on an oval-shaped track. An oval track differs from a road course in that the layout resembles an oval with turns in only one direction, almost universally left (counter-clockwise orientation). Oval tracks are dedicated motorsport circuits, used predominantly in North America. They often have banked turns and some, despite the name, are not precisely oval, and can have unique variances in shape.…

    • 1365 Words
    • 6 Pages
    Satisfactory Essays
    Read More
  • Good Essays

    Econ 1000
    • 805 Words
    • 4 Pages

    Econ 1000

    This course provides an introduction to the discipline of economics, covering microeconomics and macroeconomics. It focuses on economic principles and concepts as well as on applications. Economic analysis is applied to a variety of contemporary issues, such as trade and globalization, supply and pricing shocks and their economic implications, the causes of and policy remedies related to environment degradation, taxation and who bears the burden, the dimensions of poverty, the tradeoffs between unemployment and inflation, labour markets and minimum-wage laws, monetary growth and inflation, as well as the relationship between investment, productivity, and economic growth.…

    • 805 Words
    • 4 Pages
    Good Essays
    Read More
  • Good Essays

    ECO 372 THE FUNDAMENTALS OF MACROECONOMICS
    • 739 Words
    • 3 Pages

    ECO 372 THE FUNDAMENTALS OF MACROECONOMICS

    Macroeconomics is the study of the economy as whole (Colander, 2013, p. 5). It considers the problems of inflation; unemployment, business cycles, and growth (Colander, 2013, p. 5). Inflation is a general increase in prices and fall in the purchasing value of money. Unemployment rate refers to the number of people actively looking for a job but unable to find one (Colander, 2013, p. 5). Business cycle is a cycle or series of cycles of economic expansion and contraction (Colander, 2013, p. 5). Economist analyzes each of these factors to determine the state of the economy. We live in an environment that is constantly changing. There are a number of factors, behaviors and trends that affect the economy. One event can caused a domino effect. This paper will outline how scenarios such as purchasing groceries, massive layoffs, and a decrease in taxes affects government, households, and businesses.…

    • 739 Words
    • 3 Pages
    Good Essays
    Read More
  • Powerful Essays

    eco372
    • 1418 Words
    • 6 Pages

    eco372

    This course provides students with the basic theories, concepts, terminology, and uses of macroeconomics. Students learn practical applications for macroeconomics in their personal and professional lives through assimilation of fundamental concepts and analysis of actual economic events.…

    • 1418 Words
    • 6 Pages
    Powerful Essays
    Read More
  • Good Essays

    Ecn 211
    • 1415 Words
    • 6 Pages

    Ecn 211

    1. Textbook: Microeconomics by Boyes and Melvin, 9th edition, (Paperback or 180 day digital rental)…

    • 1415 Words
    • 6 Pages
    Good Essays
    Read More
  • Better Essays

    Chapter 3 Bec Case Study Answers
    • 12431 Words
    • 50 Pages

    Chapter 3 Bec Case Study Answers

    This research report has been submitted for examination/supervision with my approval as the candidate’s university supervisor…

    • 12431 Words
    • 50 Pages
    Better Essays
    Read More
  • Better Essays

    Outline and Explain the Ricardian Equivalence Theorem and Assess the Evidence Bearing on It.
    • 1528 Words
    • 7 Pages

    Outline and Explain the Ricardian Equivalence Theorem and Assess the Evidence Bearing on It.

    The Ricardian Equivalence Theorem, developed by David Ricardo and advanced by Robert Barrow in the 19th century, suggests that taking into account the government budget constraint a budget deficit will have no effect on national saving- the sum of private and public saving, in an economy. In this essay I am going to explain the reasoning behind this, assess its likelihood and finally review evidence either supporting or opposing the theorem.…

    • 1528 Words
    • 7 Pages
    Better Essays
    Read More
  • Good Essays

    Mitigating Bubbles and Crises
    • 6602 Words
    • 21 Pages

    Mitigating Bubbles and Crises

    What is an economic bubble? An economic bubble is an economic cycle characterized by rapid expansion followed by a contraction. It is a surge in equity prices, often more than warranted by the fundamentals and usually in a particular sector, followed by a drastic drop in prices as a massive selloff occurs and a theory that security prices rise above their true value and will continue to do so until prices go into free-fall and the bubble bursts. (Investopedia, n.d.) An economic bubble is also known as speculative bubble, market bubble, price bubble, financial bubble, etc. Where did the term “bubble” originate? The term “bubble” is used as a metaphor to indicate its sudden burst or quick eruption. Its abruptness is like a bubble bursting without any further ado, without a first and all at once. It will just burst all of a sudden. Its effects, though it is abrupt, are massive and alarming to the economy. This drastic change is not desirable to happen in any economy. There are many negative implications when a bubble occurs. In simpler definition, a bubble is caused by a wrong speculation, which results to vast changes in prices. When the sudden increase of inflation occurs that is when a bubble is formed. Since it is caused by a wrong speculation, and resulted to over inflation, the prices are not sustainable. Thus, it will soon be followed by a sudden crash in prices.…

    • 6602 Words
    • 21 Pages
    Good Essays
    Read More
  • Better Essays

    Types of Economies
    • 1258 Words
    • 6 Pages

    Types of Economies

    References: Lipsey,R.Courant,P.,Purvis, D & Steiner,P.(1995), Macro economics:10th Edition, New York : Harper Collins College Publishers…

    • 1258 Words
    • 6 Pages
    Better Essays
    Read More
  • Best Essays

    Economics - Aggregate Demand
    • 1949 Words
    • 8 Pages

    Economics - Aggregate Demand

    Aggregate demand is normally understood in the context of the total value of goods and services demanded by a given group of consumers at a given time period and at a given price (Brux 2007, p. 375). In other words, aggregate demand essentially refers to the value of goods and services consumers are willing to purchase at various price levels. In certain economic literature, the aggregate demand is often referred to as the ‘effective demand’ but it bears close similarity to the gross domestic product of a given country when the inventory does not change (Murad 1962). An increase or decrease in aggregate demand is brought about by a number of factors but the most common are the increase or decrease in investments and in equal measure, the increase or decrease in consumers’ disposable income (Baumol 2009, p. 606). Aggregate demand shares a strong relationship with basic functional areas of the economy because economics is more or less defined by the demand and supply of goods and services (among other factors). However, this study seeks to establish the relationship between aggregate demand and unemployment, inflation, balance of payment (BOP) and the economic growth of an economy. This analysis will therefore constitute the overall overview of how aggregate demand interacts with basic macro economic factors.…

    • 1949 Words
    • 8 Pages
    Best Essays
    Read More
  • Powerful Essays

    research
    • 1805 Words
    • 8 Pages

    research

    This research was conducted to study the effects of inflation and unemployment in the economy of Pakistan. The variables are inflation and unemployment. The data was taken from 1991 to 2010. The result shows that there is a strong negative correlation between inflation and unemployment. That the inflation and unemployment cannot control at the same time and in the country like Pakistan, these two factors are the major cause of instability of the economy and causes high economic and financial loses of the country.…

    • 1805 Words
    • 8 Pages
    Powerful Essays
    Read More

Related Topics