Department of Economics
Coleman 2170
ECONOMICS 4801:Intermediate
Macroeconomic Theory
Dr. Dao
1:00-3:30 MTWR
Summer 2011
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: MW 3:30-4:30 TR 11:00-12:00; and by appointment
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: May 23rd, 2011
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)
G.
Second Hour Exam: June 1st, 2011
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:
A.
The Government Budget, the
Public Debt, and Social Security
(chapter 12)
Final exam: Thursday, June 9th, 2011, from 1:00 p.m. to
3:30 p.m.