ECONOMICS 4801
Intermediate Macroeconomic Theory
Coleman 2160
15:30-16:45 TR
Dr. Dao
Spring 2006
This course is about analyzing the determination of national income, employment, wages, and factors affecting inflation and growth.
Book Available from the Textbook Rental Library:
Mankiw, Macroeconomics, Worth, 5th 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 8:00-9:00; TR 11:00-12:00; and by appointment
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. 13-17, 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: Mar. 27-31, 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: Thursday, May 4th, 2006, from 12:30 p.m. to 2:30 p.m.
Solutions to Quizzes and Problem Sets: