University of Washington - Seattle Economics 301C: Fall 2013

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28 Οκτ 2013 (πριν από 3 χρόνια και 10 μήνες)

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University of Washington

-

Seattle

Economics 301C
:
I
N
TERMEDIATE MACROECONOMICS

Fall

201
3


Instructor
:
So Ra Chon

Meeting Time
:
MW 8:30
-
10:20

Classroom
:
SIG 227

Email
:
sorachon
@uw.edu

Office
:
319G


Office Hours
:
MW 10:4
0
~
11:4
0

a
m

or by appointment


Textbook
:
Macroeconomics by Olivier Blanchard 6
th

edition

Class Website
:
https://catalyst.uw.edu/workspace/sorachon/40488/

F
iles will be added to th
e pages

for you

p
eriodically to have
access to.


O
nline grade book

will be also provided

for you to track

your own grades.


Course Description:


Economics is the study of how individuals and societies choose to use scarce
resources to satisfy unlimited human wants. In Macroeconomics, we stu
dy how the
overall economy works. Students will be introduced to
intermediate level
economic
models that are designed to explain certain macroeconomic phenomena and problems
such as growth, output, unemployment, and inflation. In addition, we will analyze
certain aspects of the financial system. We will also analyze the strengths and
weaknesses of the different government policies in influencing the overall economy.


Prerequisites:

2.0 in ECON 201,
2.0 in ECON 300
.


Objectives:


Students will


Understand

and be able to use macroeconomic terminology.


Understand how the economy works in the aggregate level.


Learn how the macroeconomic variables are related.


Learn to read and interpret the empirical information in macroeconomic data, graphical
displays,
and tables.


Analyze the sources of long
-
term prosperity and the co
ntributing factors to long term
economic growth.


Analyze the causes of short
-
term economic fluctuations (business cycles) and the
mechanism of “fixing” the economy to restore full employm
ent (low unemployment)
and low inflation.


Analyze the emergence and the effects of rising national debt


Analyze the current international macroeconomic issues and policy debates


Grade:

Ther
e will be
4

quizzes, 2
exams
.

Your final grade will be
calculated in the following
manner
: (100% =
exam1

35
% +
final exam
35

% + quizzes
3
0
%

)


Quizzes:

Three

announced quizzes will be given in class during the
quarter
. Each quiz
will be about
20
-
25

minutes in length.
The lowest score will not be included in your
total grade.
The lowest score will not be included in your total grade
.
There is no
make
-
up quiz.




The

quizzes

are given as scheduled
below

10/7, 10/21, 11/18
,

and 11
/25
.


None of
the quizzes are cumulative.



Exams:


The exams are given as scheduled
below

10/30

and
12/10
. The
final

exam

is not

cumulative
, but you need to understand the important concept
s from previous chapters,
too.


Final Exam:


Tuesday, December 10,
2013,830
-
1020,
SIG

227


If you miss
exam1

and provide a valid documentation that proves the emergency
relevant to your absence from the exam, your
final
exam score will be given to your
midterm exam. This is equivalent to having the
final

exam to account for 70% of
your total score. Without a valid documentation, you will receive “fail”.



If you miss
final

exam and provide a valid documentation that pr
oves the emergency
relevant to your absence from the exam, you will receive “incomplete”. Again,
without a valid documentation, you will receive “fail”. If you miss both exams, you
will receive “fail” with no exceptions.



If you miss any of the quizzes,

you will receive zero point for the quiz with no
exceptions.



You may need a simple 4 function calculator (
No graphing calculators, i
-
pods, i
-
phones, or any i
-
like
-
tools are allowed
.) for some of the questions on
quizzes/exams.


Final Grade:


There is a set of grading guidelines for Econ 301.
The upper median grade for
this
class

should not be higher than 3.1.

Therefore, a 4.0 grading scale will be sent to all
students through the class e
-
mail list after results of the final test come out.


Ex
tra Grade:


Students who participate actively in class will receive extra credits up to 0.2 on a 4.0
scale. The maximum number of recipients will be about 5%~10% of class.


Tentative Schedule:

The course will address the following issues in the following
order:

Monday

Wednesday


Chapter 2

[ S e p 2 5 ]

‘ A T o u r o f t h e B o o k ’


C h a p t e r 3 [ S e p 3 0 ]

‘ T h e Go o d s M a r k e t ’

C h a p t e r 4

[ O c t 2 ]

‘ F i n a n c i a l ma r k e t s ’


C h a p t e r 5 [ O c t 7 ]

‘ Go o d s a n d F i n a n c i a l M a r k e t s: T h e I S
-
L M M o d e l ’

Q u i z 1

Chapter 6


[Oct 9]

‘ T h e L a b o r M a r k e t ’

C h a 灴 e r T
-
ㄠ x l c t ㄴ N

‘ P u t t i n g A l l M a r k e t s T o g e t h e r: T h e A S
-
A D M o d e l ’


C h a p t e r 7
-
2 /C h a p t e r 8 [ O c t 1 6 ]

‘ P u t t i n g
A l l M a r k e t s T o g e t h e r: T h e A S
-
A D M o d e l ’
/

‘ T h e P h i l l i p s C u r v e t h e N a t u r a l R a t e o f U n e mp l o y me n t,

a n d I n f l a t i o n ’

C h a 灴 e r U
L C h 灡 t e r 9

x l c t ㈱
]


T
h e P h i l l i p s C u r v e

t h e N a t u r a l R a t e o f U n e mp l o y m
e n t, a n d I n f l a t i o n

/ ‘ T h e C r i s i s ’

Q u i
z 2

C h a p t
e r 1 0


[ O c t 2 3
]

‘ T h e F a c t s o f Gr o w t h ’



o e v i e w



[
O c t 2 8
]



T e s t 1


[
O c t 3 0 ]

C h a p t e r 1 1 [
N o v 4
]

‘ S a v i n g, C a p i t a l A c c u mu l a t i o n, a n d O u t p u t ’

C h a 灴
e r ㄲ N
† † † †
x k 潶 S
]

‘ T e c h n o l o g i c a l P r o g r e s s a n d Gr o w t h ’



V
e t e r a n s d a y

( N o c l a s s )

C h a p t
e r 1 3/1 4

[ N o v
1 3
]

‘ T h e
t e c h n o l o g i c a l P r o g r e s s: T h e S h o r t, t h e M e d i u m, a n
d t h e L o n g r u n ’/ ‘ E x p e c t a t i o n s: T h e b a s i c T o o l s ’


Chapte
r 14

[Nov 18
]

‘Expectations: The basic Tools’

Qui
z 3

Chapter 15




[ N o v 2 0
]

‘ F i n a n c i a l Ma r k e t s a n d Ex p e c t a t i o n s ’

C h a p t e r 1 6

[ N o v 2 5
]


E x p e c t a t i o n s, C o n s u mp t i o n, a n d I n v e s t me n t ’

Q u i
z 4

C h a p t e r
1 7





[
N o v
2 7 ]

Ex p e c t a t i o n s, O u t p u t, a n d P o l i c y



Re v i e w [ De c 2

]


Re v i e w


[ De c 4 ]


F i n a l E x a m:


T u e s d a y, D e c e m b e r 1 0, 2 0 1 3,8 3 0
-
1 0 2 0,
S I G

227





Additional Help

The Economics Undergrad Board offers tutoring and for a schedule of drop in hours
go to http://depts.washington.edu/ecnboard/ and click on tutoring schedule.


Accommodations

If you anticipate needing any type of accommodations in order to participate in
this
class, please inform me in full confidence of privacy and make the appropriate
arrangements with the Disability Services Office (DSO).