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The Syllabi of The Course of
Macroeconomics
Course number ：12093
Constitutor Unit：School of Economics
Constitutor：Xiao Lu
Time：
20/08/2016
Educational Administration
Jiangxi University of Finance And Economics
The First Semester
2016---2017 Academic Year
The Syllabi of The Course of Macroeconomics
1. Description of The Course
Course
Course
Macroeconomics
12093
number
Course
character
TotalTeaching
Hours
School giving
the course
A required course
48
School
Economics
Courses
studied
advance
in
TeachingHours
per week
of
Instructor
Calculous
Microeconomics
3
Lu Changping
Writer
Xiao Lu
Writing time
20/08/2016
Course Leader
Xiao Lu
Reviewer
Chen weidong
Textbook
Course
Description
MichaelParkin Economics
12th
edition, Boston San Francisco New York:, 2015
Macroeconomics is the branch of economics The course is aimed at
better enabling students to seeks the answers to these macroeconomic
questions : What determines the level of unemployment? How is the
general price level determined, and what is the relative importance of
the various factors that influence it? What determines the level of
macroeconomic activity and its growth or decay over time? After
studying students know the differences between macroeconomics and
microeconomics. In macroeconomics we are concerned with why
macroeconomic activity is at a given level and how this level can be
raised or lowered while in microeconomics theory we are concerned
with such things as the determination of relative wages rates and
relative prices of products.
The course discusses these topics: measuring GDP, concept of
economic growth, saving, investment, money, price level, inflation, the
Foreign exchange market, AS-AD model, the Keynesian model,
Business cycle, Fiscal policy and money policy.
1
1. Teaching the principals and concepts of macroeconomics
Objective:
2. Leading students to analyze macroeconomic problems in reality
using the theories of macroeconomics
Examinations
20% Presentation, coursework, class attendance, and seminar
30% the midterm exam
50% the final exam
2.The Distribution of Teaching Hours
Chapter
Contents
Chapter
1
Measuring GDP
and
Economic
Growth
Define GDP and explain why GDP equals
aggregate expenditure and aggregate income
Explain how the Bureau of Economic Analysis
measures U.S. GDP and real GDP
Explain the uses and limitations of real GDP as a
measure of economic well-being
Chapter2
Monitoring
Jobs
and
Inflation
Explain why unemployment is a problem and how
we measure the unemployment rate and other labor
market indicators
Explain why unemployment occurs and why it is
present even at full employment
Explain why inflation is a problem and how we
measure the inflation rate
Chapter 3
Economic
Growth
Chapter4
Finance, Saving,
and Investment
Define and calculate the economic growth rate
and explain the implications of sustained growth
Describe the economic growth trends in the
United States and other countries and regions
Explain what makes potential GDP grow
Explain the sources of labor productivity growth
Explain the theories of economic growth and
policies to increase its rate
Describe the flow of funds in financial markets
Explain how saving and investment decisions
interact in financial markets
Explain how governments influence financial
markets
The Distribution of
Teaching Hours
3
3
3
6
2
Chapter5
Money,
The
Price Level, and
Inflation
Chapter6
The
Exchange Rate
and The Balance
of Payments
Chapter7
Aggregate
supply
Aggregate
demand
and
Chaoter8
Expenditure
Multipliers
Chapter
9
The
Business
Cycle, Inflation,
and Deflation
Define money and describe its functions
Explain the economic functions of banks
Describe the structure and functions of the Federal
Reserve System (the Fed)
Explain how the banking system creates money
Explain what determines the quantity of money
and the nominal interest rate
Explain how the quantity of money influences the
price level and the inflation rate
Explain how the exchange rate is determined
Explain interest rate parity and purchasing power
parity
Explain the alternative exchange rate policies and
explain their effects
Describe the balance of payments accounts and
explain what causes an international deficit
Explain what determines aggregate supply in the
long run and in the short run
Explain what determines aggregate demand
Explain how real GDP and the price level are
determined and what causes growth, inflation, and
cycles
Explain the main schools of thought in
macroeconomics today
Explain how expenditure plans are determined
when the price level is fixed
Explain how real GDP is determined when the
price level is fixed
Explain the expenditure multiplier
Explain the relationship between aggregate
expenditure and aggregate demand
Explain how aggregate demand shocks and
aggregate supply shocks create the business cycle
Explain how demand-pull and cost-push forces
bring cycles in inflation and output
Explain the causes and consequences of deflation
Explain the short-run and long-run tradeoff
between inflation and unemployment
6
6
3
3
3
3
Chapter 10
Fiscal Policy
Chapter11
Monetary policy
Describe the federal budget process and the recent
history of outlays, receipts, deficits, and debt
Explain the supply-side effects of fiscal policy
Explain how fiscal policy choices redistribute
benefits and costs across generations
Explain how fiscal stimulus is used to fight a
recession
Describe the objectives of U.S. monetary policy,
and the framework for setting an achieving them
Explain how the Federal Reserve makes its interest
rate decision and achieves its interest rate target
Explain the transmission channels through which
the Federal Reserve influences real GDP, jobs, and
inflation
Explain the Fed’s extraordinary policy actions
Total Teaching
Hours
3
3
48
任课教师可
适当调整
3.Teaching objectives, emphasis and difficulties, contents in Unit
Contents
Chapter 1
Measuring GDP and Economic Growth
【Objective】
Define GDP and explain why GDP equals aggregate expenditure and aggregate income
Explain how the Bureau of Economic Analysis measures U.S. GDP and real GDP
Explain the uses and limitations of real GDP as a measure of economic well-being
【Emphasis and Difficulties】
GDP, aggregate expenditure, aggregate income, real GDP
【Contents】
Define GDP
Measuring U.S. GDP
The Uses and Limitations of Real GDP
Chapter 2 Monitoring Jobs and Inflation
【Objective】
Explain why unemployment is a problem and how we measure the unemployment rate and other
labor market indicators
Explain why unemployment occurs and why it is present even at full employment
Explain why inflation is a problem and how we measure the inflation rate
【Emphasis and Difficulties】
4
full employment , inflation
【Contents】
Employment and Unemployment
Unemployment and Full Employment
Price Level, Inflation, and Deflation
Measuring inflation
The biased cpi
Chapter3
Economic
Growth
【Objective】
Define and calculate the economic growth rate and explain the implications of sustained growth
Describe the economic growth trends in the United States and other countries and regions
Explain what makes potential GDP grow
Explain the sources of labor productivity growth
Explain the theories of economic growth and policies to increase its rate
【Emphasis and Difficulties】
Long-term growth trends，Growth theories
【Contents】
Long-term growth trends
Growth in the U.S.Economy
Real GDP growth in the world economy
The causes of economic growth：a first look
Preconditions for economic growth
Saving and investment in new capital
Investment in human capital
Discovery of new technologies
Growth accounting
Labor productivity
The productivity curve
Accounting for the productivity growth slowdown and speedup
Technological change during the productivity growth slowdown
Achieving faster growth
Growth theories
Chapter4
Finance, Saving, and Investment
【Objective】
Describe the flow of funds in financial markets
Explain how saving and investment decisions interact in financial markets
Explain how governments influence financial markets
【Emphasis and Difficulties】
5
how governments influence financial markets
【Contents】
Financial Institutions and Financial Markets
The Loanable Funds Market
Government in the Loanable Funds Market
Chapter5 Money, The Price Level, and Inflation
【Objective】
Define money and describe its functions
Explain the economic functions of banks
Describe the structure and functions of the Federal Reserve System (the Fed)
Explain how the banking system creates money
Explain what determines the quantity of money and the nominal interest rate
Explain how the quantity of money influences the price level and the inflation rate
【Emphasis and Difficulties】
how the banking system creates money
how the quantity of money influences the price level and the inflation rate
【Contents】
What is Money?
Depository Institutions
The Federal Reserve System
How Banks Create Money
The Money Market
The Quantity Theory of Money
Chapter6 The Exchange Rate and The Balance of Payments
【Objective】
Explain how the exchange rate is determined
Explain interest rate parity and purchasing power parity
Explain the alternative exchange rate policies and explain their effects
Describe the balance of payments accounts and explain what causes an international deficit
【Emphasis and Difficulties】
how the exchange rate is determined
【Contents】
The Foreign Exchange Market
Exchange Rate Fluctuations
Arbitrage, Speculation, and Market Fundamentals
Exchange Rate Policy
Financing International Trade
6
Chapter7 Aggregate supply and Aggregate demand
【Objective】
Explain what determines aggregate supply in the long run and in the short run
Explain what determines aggregate demand
Explain how real GDP and the price level are determined and what causes growth, inflation, and
cycles
Explain the main schools of thought in macroeconomics today
【Emphasis and Difficulties】
AD --AS model
【Contents】
Aggregate Supply
Aggregate Demand
Explaining Macroeconomic Trends and Fluctuations
Macroeconomic Schools of Thought
Chapter8 Expenditure Multipliers
【Objective】
Explain how expenditure plans are determined when the price level is fixed
Explain how real GDP is determined when the price level is fixed
Explain the expenditure multiplier
Explain the relationship between aggregate expenditure and aggregate demand
【Emphasis and Difficulties】
expenditure plans, expenditure multiplier
【Contents】
Fixed Prices and Expenditure Plans
Real GDP with a Fixed Price Level
The Multiplier
The Multiplier and the Price Level
Chapter 9 The Business Cycle, Inflation, and Deflation
【Objective】
Explain how aggregate demand shocks and aggregate supply shocks create the business cycle
Explain how demand-pull and cost-push forces bring cycles in inflation and output
Explain the causes and consequences of deflation
Explain the short-run and long-run tradeoff between inflation and unemployment
【Emphasis and Difficulties】
how demand-pull and cost-push forces bring cycles in inflation and output
the short-run and long-run tradeoff between inflation and unemployment
【Contents】
The Business Cycle
Inflation Cycles
7
Deflation
The Phillips Curve
Chapter 10 Fiscal Policy
【Objective】
Describe the federal budget process and the recent history of outlays, receipts, deficits, and debt
Explain the supply-side effects of fiscal policy
Explain how fiscal policy choices redistribute benefits and costs across generations
Explain how fiscal stimulus is used to fight a recession
【Emphasis and Difficulties】
Full Employment and Potential GDP
Discretionary Fiscal Stabilization
The Government Purchases Multiplier
The Tax Multiplier
The Balanced Budget Multiplier
Automatic Stabilizers
【Contents】
The Federal Budget
Supply-Side Effects of Fiscal Policy
Generational Effects of Fiscal Policy
Fiscal Stimulus
Chapter 11 Monetary Policy
【Objective】
Describe the objectives of U.S. monetary policy, and the framework for setting an achieving them
Explain how the Federal Reserve makes its interest rate decision and achieves its interest rate
target
Explain the transmission channels through which the Federal Reserve influences real GDP, jobs,
and inflation
Explain the Fed’s extraordinary policy actions
【Emphasis and Difficulties】
Monetary Policy Transmission
【Contents】
Monetary Policy Objectives and Framework
The Conduct of Monetary Policy
Monetary Policy Transmission
Extraordinary Monetary Stimulus
8