Economics 226: Macro-Economic Analysis (Mathematics Emphasis)

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Oct 28, 2013 (3 years and 7 months ago)

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Economics 226:
Macro
-
Economic Analysis

(Mathematics Emphasis)


Professor
:

Harvey Gram

Lecture:
Monday and Wednesday
,
9:2
5
-
10:40

in King Hall 202

Office Hours:
PH 300H,
Monday and Wednesday, 11:00
-
12:15

and by appointment

E
-
mail
:

Harvey.Gram@qc.cuny.edu


COURSE CREDIT CANNOT BE RECEIVED FOR
BOTH

ECON 206 AND 226.


1.

Course Description


This intermediate level course in macroeconomic theory and policy

has

prerequisites
:
Economics 101 and
102, and Mathematics 1
3
2

(or its equivalent)
.

Th
e

goal of the course
is to
provide

the student
with
a
n

understanding of the current state of thinking in
macroeconomic theory
in order to provide a basis for appreciating

the
policy problems
to

be faced

in t
rying to
improve the overall performance of the economy
.


2.

Text


Olivier Blanchard,
Macroeconomics
,
5
th

edition, Pearson/Prentice Hall, 200
9
.



3.

Class web site


Use
www.cuny.edu

to access BlackBoard

where you will find all course materials.


4.

Assignments

and Quizzes


Q
uestion
s

for each lecture will be posted
on
Black
b
oard and should be used to guide your
reading.

Some Questions will be used as Assignments posted on Blackboard
.


5.

Class participation


Class attendance is required. Some students are more eager than others to speak out in
class, but everyone is encouraged to do so. Class participation builds confidence.


6.

Examinations


There will be two mid
-
terms and a final examination.
Each examinatio
n builds on earlier
material
. If your grade improves on the second midterm, then your first midterm will
receive less weight in calculating an average grade for the course. The same applies to
the final examination.






COURSE OUTLINE


(1)

Introduction

-

Macr
oeconomic indicators

-

Index Numbers

-

International Comparisons

-

National Income Accounts: Production, Income, Expenditure


(2)

A Short Run Macroeconomic Model

-

The Goods Market: Basic Multiplier

-

The Financial Markets: Money, Bonds, Bank Loans

-

Integration of Goods
and Financial Markets: IS/LM Multiplier

-

Fiscal and Monetary Policy Effects on Aggregate Demand


FIRST MID
-
TERM EXAMINATION:

CHAPTERS 1
-
5


(3)

A Medium Run Macroeconomic Model

-

The Labor Market

-

The Aggregate Supply Curve

-

The Aggregate Demand Curve

-

Using the
AS
-
AD Model to understand macroeconomic policy

-

The Phillips Curve and the “Natural” Rate of Unemployment

-

Okun’s Law, The Phillips Curve and Disinflation


SECOND MID
-
TERM EXAMINATION:

CHAPTERS 6
-
9


(4)

A Long Run Macroeconomic Model

-

The Facts of Growth

-

Capital
Accumulation

-

Technological Progress

-

Productivity and Real Wages


FINAL EXAMINATION:
CHAPTERS 1
-
13