Download ECON 3080-002 Intermediate Macroeconomic Theory

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Economics 3080-002
INTERMEDIATE MACROECONOMIC THEORY
Fall 1989
Larry Burke
Office: Economics Room 309A
Hours: MWF, 9-10 am, or by appointment
Phone: 492-6875
This course will examine how the macroeconomy functions, or fails to
function, from a variety of competing theoretical perspectives. Although
the course will concentrate on economic theory, much consideration will
also be given to the institutional features of the American economy and
to empirical tests and policy implications of the theories presented in
the course. At the end of the semester you should possess a critical
understanding of these theories and the ability to apply them in your
thinking about current economic problems.
Required text: Macroeconomics: From Theory to Practice
by Paul Wachtel (New York: McGraw-Hill, 1989);
plus a short set of supplementary readings (Kinko's).
Course grades: Your grade will be based on two midterm examinations
(weighted 25% each) and a comprehensive final exam (50%).
If your final exam score is higher than the total of your
midterm scores, your final will count for 100% of your
course grade. No makeup exams or extra-credit assignments
will be given. You can help your grade by actively participating in class. You are expected to know and to
comply with University policies regarding drops, academic
honesty, etc., as stated in the Fall, 1989, Schedule of
Courses and in the University Catalog.
Tentative schedule of topics, reading assignments, and tests :
Week of:
Topic
Text, Chapter(s)
------------------------------------------------------------------------
Aug. 30
Introduction and
1
Sept . 4
Review of Principles
2, 3
Sept. 11
The Simple Keynesian Model
4
Sept. 18
Consumption & Investment
pp . 373-389, 395-408
Sept . 25
The IS-LM Model I
5
Oct.
2
The IS-LM Model II
pp. 329-340, 389-391
************** Midterm Exam 1 ** In Class** October 6 *****************
Oct . 9
Aggregate Supply and Demand
6, pp. 353-364
Oct . 16
Inflation
8 '
Oct. 23
The Phillips Curve
7, pp. 365-369
Oct. 30
Monetarism and
9
Nov . 6
Monetary Policy
13, pp. 340-349
***************Midterm Exam 2 ** In Class** November 10 ***************
Nov. 13
Fiscal Policy, Growth ,
10
and Supply-Side Economics
Nov . 20
12. pp. 409-421
Nov. 27
The New Classical Model
19
Dec. 4
Open Economy Macroeconomics
11
Dec. 11
Conclusion
********* Final Exam** December 19 ** 3 : 30-6 : 30 pm** Econ 117 ********