429, McNeil Bdg, Tfn: 2158987767 Fax: 215 5732057, or 215 5734217 http://www.ssc.upenn.edu/~vr0j/econ10205/ 
Econ 102, Macroeconomics, Sect 1, Fall 2005Professor JoséVíctor RíosRullLast modified: Thu Dec 01 09:34:46 Eastern Standard Time 2005
This page contains material relevant for the course. It grows with the
semester. Students should check it often.

Department of Economics
University of Pennsylvania 3718 Locust Walk Philadelphia, PA 19104 USA 
Classes are T. and Th.
10:3011:50 in Nurs 111. Off Hours: Wed 14:00 to 15:00. 
TA Sergiy Stetsenko.
sestet@sas.upenn.edu Thursday, 3pm5pm, McNeil 472. 
This course will be taught from an equilibrium perspective which means two things. That we use models populated by agents that optimize and that the implied allocations that result from the behavior of agents satisfy aggregate consistency conditions (essentially market clearing). Understanding the concept of equilibrium will then be the single most important theoretical tool of the course.
The quizzes include all the material that we have gone over up to what we have seen the previous day unless this homepage specifies otherwise (which will be posted the latest on the day of the previous class). Of course the quizzes are cumulative but most of its content will be about the material most recently covered. If you do not take any of the first five quizzes you have to talk to me and explain why. The quizzes grades will be posted in blackboard in a timely fashion. The grade distribution will be as is standard in Economics Department courses. Students should try to do the problems that the instructor describes in the lectures. Some of them will be solved in class. They help a lot for the quizzes. Students taking Economics 102 on a Pass/Fail basis must meet all of the requirements of the course. A pass grade is like a D or better.