COURSE INFORMATION: Course Overview

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Oct 28, 2013 (3 years and 10 months ago)

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ECON 6022A Macroeconomic Analysis

School of Economics and Finance

University of Hong Kong


Instructor:


Name:
Professor
K.C. Fung

Tel: 2859
-
1045

Office: KKL 932

Office Hours: Tuesdays and Wednesdays, 2:30
-
3:30pm

Email:
kcfung@sef.hku.hk


Course webpage:
http://www.sef.hku.hk/~kcfung/


Teaching Assistant:


Name: Mr. Kenneth Chu

Tel:
2857 8637

Office: KKL 1122

Office Hours:
Fridays,
2:30
-
3:30pm

Email:
h9313600@hku.hk




COURSE INFORMATION:

Course Overview



This is a Master
-
level course on Macroeconomic analysis. Topics to be
covered include a
nalysis of the goods market,
financial mar
ket, and the labor market.
Differences and lin
ks between the short run, the medium run as well as the long run
perspectives will be highlighted. Issues related to unemployment, inflation
expectations and economic growth will be examined. Finally, fiscal and monetary
policies in both closed and

open e
conomies will be analyzed
.

The purpose of this
cours
e is to acquaint the students with

the fundamental tools and models in
macroeconomic analysis
. A range of
relevant
macroeconomics issues will
also
be
discussed.



There is one required textbook:




Oliv
ier Blanchard,
Macroeconomics
, 2009, fifth edition, Pearson/Prentice

Hall.


Additional materials will
also
be provided to the students.


Course Objectives


1. To dev
elop Master
-
level
understanding

of macroeconomics


2. To introduce tools and models that c
an facilitate analysis of real life



macroeconomic issues


3. To gain an appreciation of the various facets of using fiscal and monetary


policies


2


4. To prepare students to critically think about topics related to inflation,



unemployment and exchang
e rates


INTENDED LEARNING OUTCOMES


On completion of this course, students should be able to:


CILO
1

Explain observed macroeconomic issues such as inflation and unemployment

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2 Analyze the effects of government policies such as fiscal policy and monet
ary

policy

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3 Understand and evaluate the macroeconomic situations of economies that are

closed and those that are open

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4 Critically discuss macroeconomic and exchange rates issues verbally as well

as in written forms






ALIGNMENTS OF PROGRA
M AND COURSE LEARNING OUTCOMES
:


Program Intended Learning Objectives


1. Acquisition and internalization of
Master
-
level Macroeconomics
knowledge


CIL
O1, CILO2, CILO3, CILO4

2. Application and integration of knowledge


CILO1, CILO2, CILO3, CILO4

3.
Developing Global Outlook


CILO1, CILO2, CILO3, CILO4

4. Mastering communication skills


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TEACHING AND LEARNING ACTIVITIES


TLA1.

Lectures:


The Instructor will give lectures on major concepts, issues and models

TLA2. Consultation:


Both the instructor and the teaching assistant will hold consultation hours to

address students’ questions. Students are also encouraged to discuss questions

with the instructor and TA by email

TLA3

Extra Credit Short Paper
:



The students

can also write a 3
-
page paper on a relevant macroeconomic topic


for extra credit


Assessment:


A1
Midterm




40%

A2 Final Exam




6
0%

A3 Short Paper





10%



3


Relationship among Intended Learning Outcome, Teaching and Learni
ng
Activities and Assessments



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TLA



A

1



TLA 1
-
3


A1&2

2



TLA 1
-
3


A1&2

3



TLA1
-
3


A1&2

4



TLA 2
-
3


A
2&
3



CLASS SCHEDULE


Topic

1: Introduction to Macroeconomics


A Tour of the World, Chapter 1


A Tour of the
Book, Chapter 2

Topic

2: The Short Run Analysis


The Goods Market, Chapter 3


The Financial Market, Chapter 4

Topic

3: IS
-
LM Model,
the Labor Market


Goods and Financial Markets, Chapter 5


The Lab
or Market, Chapter 6

Topic

4: The AS
-
AD Model and the Phillips Curve


Putting All Markets Together, Chapter 7


The Natural Rate of Unemployment and the Phillips Curve, Chapter 8

Topic

5:
Inflation,
Money

and Economic Growth I



Inflation, Activity, and Nominal Money Growth, Chapter 9



The Facts of Growth, Chapter 10

Topic

6: Economic Growth II and III



Saving, Capital Accumulation and Output, Chapter 11



Technological Progress and Growth, Chapter 12


Midterm:
October 21, 2009


Topic

7: Technological Progress, Expectations



Technological Progress: The Short, the Medium and the Long Run,



Chapter 13



Expectations: The Basic Tools, Chapter 14

Topic 8: Expectations, Financial Markets, Consumption and Inv
estment



Financial Markets and Expectations, Chapter 15


Expectations, Consumption, and Investment, Chapter 16

Topic 9:
Expectations and Policies,
Openness


Expectations, Outputs and Policy, Chapter 17


Openness i
n Goods and Financial Markets, Chapter 18

Topic 10: Openness II


The Goods Market in an Open Economy, Chapter 19


Output, the Interest Rate and the Exchange Rate, Chapter 20

Topic 11: Exchange Rates

and the Open Economy



Exchange Rate Regimes, Chapter 21


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