UNIVERSITY OF ILLINOIS

Department of Economics

24 Wohlers Hall ECONOMICS 303 Dr. Dao

12:30-10:50 MW Intermediate Macroeconomic Theory Spring 2006

This course is about analyzing the determination of national income, employment, wages, and factors affecting inflation and growth.

Book Available from the Bookstore:

Mankiw, Macroeconomics, Worth, 5^th edition.

Course Requirements:

· Two hour exams: 50 percent of final grade

· Weekly Quizzes and Problem Sets: 20 percent of final grade

· Comprehensive Final: 30 percent of final grade

Office Hours:

MW 10:30-11:30; and by appointment

Office Locaation: 474 Wohlers Hall

Office Phone: 244-6437

Website: www.ux1.eiu.edu/~mqdao/

Email: mqdao@eiu.edu

Course Outline

I. INTRODUCTION

A. The Science of Macroeconomics (chapter 1)

B. The Data of Macroeconomics (chapter 2)

II. BUSINESS CYCLE THEORY: THE ECONOMY IN THE SHORT RUN

A. Introduction to Economic Fluctuations (chapter 9)

B. Aggregate Demand I (chapter 10)

C. Aggregate Demand II (chapter 11)

D. Aggregate Supply (chapter 13)

First Hour Exam: Feb. 20-24, 2006

III. MICROFOUNDATIONS OF AGGREGATE DEMAND

A. Consumption (chapter 16)

B. Investment (chapter 17)

C. Money and Inflation (chapter 4)

D. Money Supply and Money Demand (chapter 18)

E. Advances in Business Cycle Theory (chapter 19)

Second Hour Exam: Apr. 3-Apr. 7, 2006

IV. CLASSICAL THEORY: THE ECONOMY IN THE LONG RUN

A. National Income (chapter 3)

B. Unemployment (chapter 6)

V. GROWTH THEORY: THE ECONOMY IN THE VERY LONG RUN

A. Economic Growth I (chapter 7)

B. Economic Growth II (chapter 8)

If time permits:

Aggregate Demand in the Open Economy (chapter 12)

Final exam: Tuesday, May 9, 2006, 7:00 p.m. to 10 p.m.

Problem Set and Quiz Solutions:

Quiz 3

Quiz 4

Problem Set 4