Department of Economics
Coleman 2781
ECONOMICS 4801:Intermediate Macroeconomic Theory
Dr. Dao
3:00-4:15 MW
Fall 2009
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:Gordon, Macroeconomics, Pearson, 10th 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:
Answer to Quiz1 (graduate credit)
Course Outline
I. INTRODUCTION AND MEASUREMENT
A. What is Macroeconomics? (chapter 1)
B. The Measurement of Income, Prices, and Unemployment (chapter 2)
II. INCOME, INTEREST RATES, AND POLICY
A. Spending, Income, and Interest Rates (chapter 3)
B. Monetary and Fiscal Policy in the IS-LM Model (chapter 4)
III. AGGREGATE DEMAND, AGGREGATE SUPPLY,
UNEMPLOYMENT, AND INFLATION
A. Aggregate Demand, Aggregate Supply, and the
Self-Correcting Economy (chapter 7)
B. Inflation: Its Causes and Cures (chapter
8)
First Hour Exam: Sep.
21-25, 2009
IV. SOURCES OF INSTABILITY IN THE MACROECONOMY AND
STABILIZATION POLICY
A. Consumption Behavior (chapter 15)
B. Investment Behavior (chapter 16)
C. The Goals of Stabilization Policy: Low
Inflation and Low Unemployment (chapter 9)
D. Money and Financial Markets (chapter 13)
E. Stabilization Policy in the Closed Economy (chapter 14)
F. New Classical Macro Confronts New Keynesian Macro (chapter 17)
Second Hour Exam: Nov. 2-6, 2009
V. MACROECONOMICS IN THE LONG RUN: GROWTH AND PUBLIC FINANCE
A. The Theory of Economic Growth (chapter 10)
B. The Big Questions of Economic Growth (chapter 11)
If time permits:
C. The Government Budget, the Public Debt, and Social Security (chapter 12)
Final exam: Thursday,
December 17th, 2009, from 2:45 p.m. to 4:45 p.m.