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House rules
Four examinations (60 pts. each) to be held on
weekends.
3.0 = 144 (= 0.6 x 240)
Quizzes, reports, and HW count for extra points in the
numerator.
Two unexcused missed examinations = 5.0
Intellectual dishonesty = 0 credit for the
exam/quiz/homework; repeat offence = 5.0 for the
course plus SDT charges.
1. Introduction
Economics
Macroeconomics versus microeconomics
Big questions in macroeconomics
Economics
(a Greek word)
oikos (= house)+ nomos (= system or management)
rough literal translation: stewardship, or household
management
Mankiws version:
What are the reasons for fluctuations in economic
activity (booms and recessions)?
Is there a role for government in stabilising prices and
promoting employment?
How much should government tax, spend, and borrow
to attain its ends and not disrupt the level and
growth of economic activity?
Why are some societies richer or more developed
than others?
Why is the rate of growth of some economies faster
than that of others?
Good 1
Better employment
of available resources.
Good 1
C Aquino
Ramos
Estrada
Arroyo
B Aquino
10
8
6
4
2
0
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