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Econ 202 Course Outline Winter 2010 - David Department of Economics Term and Year of Offering: Winter 2010 Course umber and Title: ECON 202 - 003, Macroeconomic Theory 1 Lecture Times: Tues 18:00 -19:30; Break; 19:45- 20:50 p.m. Building and Room umber: AL 208 Instructor’s ame: Davood Zahedi (David) Office Location: PAS 1287 Office Hours: Thurs 18:00 – 19:30 Contact: [email protected] Abstract: Econ 202 is designed to provide students with a solid command of intermediate macroeconomic theory as a tool for understanding how an economy behaves as a whole. Topics included for discussion are aggregate demand model, aggregate supply model, debates over government debt, inflation, and open economy macroeconomics. Aside from learning theories, the course also provides students with analytical skills necessary to the analysis and interpretation of real-world macroeconomic issues. For example, we will be able to follow some explanations of the recent recession. Textbook: Mankiw, N. Gregory and William Scarth, Macroeconomics, Third Canadian Edition. New York, N.Y.: Worth Publishers, 2007. Resources: The lecture notes provided in class. Course Outline Part I Introduction Why do we study macroeconomics? Chapter 1: The Science of Macroeconomics Chapter 2: The Data of Macroeconomics 1|Page Econ 202 Course Outline Winter 2010 - David Part II Classical Theory: The Economy in the Long Run Chapter 3: National Income; Where It Comes From and Where It Goes Chapter 4: Money and Inflation Chapter 5: The Open Economy Chapter 6: Unemployment Part IV Business Cycle Theory: The Economy in the Short Run Chapter 9: Introduction to Economic Fluctuations Chapter 10: Aggregate Demand I; Building the IS/LM Model Chapter 11: Aggregate Demand II; Applying the IS/LM Model Chapter 12: The Open Economy Revisited; the Mundell-Fleming Model and the Exchange-Rate Regime Chapter 13: Aggregate Supply and the Short-Run Trade off Between Inflation and Unemployment Part V Macroeconomics Policy Debates (selected topics from following chapters) Chapter 14: Stabilization Policy Chapter 15: Government debt and budget deficit But what we learned? Evaluation: The course grade will be based on two in-class tests and a final examination which will be held during the Official Examination Schedule. The breakdown is as follows: Term Test One: 30% on Chapters 1 – 5, on Feb the 9th. Term Test Two: 30% on Chapters 6, 9 -11, on March the 9th. Final examination: 40% on chapters 12-15. The final exam period can be found at: http://www.registrar.uwaterloo.ca/exams/finalexams.html 2|Page Econ 202 Course Outline Winter 2010 - David Academic Integrity, Grievance, Discipline, Appeals, and ote for Students with Disabilities Academic Integrity: in order to maintain a culture of academic integrity, members of the University of Waterloo community are expected to promote honesty, trust, fairness, respect and responsibility. Grievance: A student who believes that a decision affecting some aspect of his/her university life has been unfair or unreasonable may have grounds for initiating a grievance. Read Policy 70 - Student Petitions and Grievances, Section 4, http://www.adm.uwaterloo.ca/infosec/Policies/policy70.htm Discipline: A student is expected to know what constitutes academic integrity, to avoid committing academic offenses, and to take responsibility for his/her actions. A student who is unsure whether an action constitutes an offense, or who needs help in learning how to avoid offenses (e.g., plagiarism, cheating) or about “rules” for group work/collaboration should seek guidance from the course professor, academic advisor, or the Undergraduate Associate Dean. When misconduct has been found to have occurred, disciplinary penalties will be imposed under Policy 71 – Student Discipline. For information on categories of offenses and types of penalties, students should refer to Policy 71 - Student Discipline. http://www.adm.uwaterloo.ca/infosec/Policies/policy71.htm Appeals: A student may appeal the finding and/or penalty in a decision made under Policy 70 Student Petitions and Grievances (other than regarding a petition) or Policy 71 - Student Discipline if a ground for an appeal can be established. Read Policy 72 - Student Appeals, http://www.adm.uwaterloo.ca/infosec/Policies/policy72.htm ote for students with disabilities: The Office for Persons with Disabilities (OPD), located in NH1132, collaborates with all academic departments to arrange appropriate accommodations for students with disabilities without compromising the academic integrity of the curriculum. If you require academic accommodations to lessen the impact of your disability, please register with the OPD at the beginning of each academic term. 3|Page