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Intermediate Macroeconomics

by: Alan Doyle

Intermediate Macroeconomics ECON 154

Marketplace > Yale University > Economcs > ECON 154 > Intermediate Macroeconomics
Alan Doyle
GPA 3.89


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Class Notes
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This 5 page Class Notes was uploaded by Alan Doyle on Thursday October 29, 2015. The Class Notes belongs to ECON 154 at Yale University taught by Staff in Fall. Since its upload, it has received 14 views. For similar materials see /class/231032/econ-154-yale-university in Economcs at Yale University.


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Date Created: 10/29/15
Econ 154b Spring 2005 Prof Tony Smith Syllabus for INTERMEDIATE MACROECONOMICS Course Objectives The goal of the course is to develop a coherent theoretical framework for thinking about the determination of macroeconomic variables such as national output or the total amount of a nation7s economic activity economic growth unemployment and in ation This theoretical framework is used to interpret macroeconomic data and to analyze macroeconomic policy After completing the course students should be able to think critically about macroeconomic problems and questions Contact Information for Prof Smith 28 Hillhouse Avenue Room 306 432 3583 tony smith yale edu O ice Hours for Prof Smith Wednesday 1030AM7noon or by appointment Class Meetings Lectures take place on Mondays and Wednesdays from 9AM to 1015AM in Luce 101 There is also one lecture on Friday January 14 at the same time and place In addition to attending lectures students are expected to attend and participate in a weekly section taught by one of three teaching fellows The purpose of the sections is to review course material go over problems and engage in informal discussion The sections take place on Wednesday Thursday and Friday at times and locations to be determined The sections do not begin meeting until the third week of the semester and then take place every week thereafter Teaching Fellows The teaching fellows who will lead the sections are Santiago Baz dresch santiagobazdreschyaleedu Yi Shu yishuyaleedu and Ivan Vidangos ivan vidangos yale edu Prerequisites Students are expected to have completed two semesters of introductory economics the equivalent of Econ 115 and Econ 116 Students are also expected to know how to use univariate differential calculus Textbook Macroeconomics Fifth Edition by Andrew B Abel and Ben S Bernanke published by Pearson Addison Wesley This book is available at the Yale Bookstore Course Web Site Course announcements homework assignments answer keys readings from the popular press slides from lectures and other course material will be posted regularly to the course web site at httpwww econyale edusmithecon154b Grading Nine homework assignments will constitute 20 of your grade The midterm exam which takes during the regularly scheduled lecture on Monday February 21 will constitute 30 of your grade and the nal exam which takes place between May 3 and May 10 during the nal exam period will constitute 50 of your grade Both of the exams will be closed book and closed notes Completed homework assignments are to be handed in at the beginning of lecture on the due date Homework assignments will be graded according to the following scale 7 Late homework assignments will be not be accepted and will receive a grade of zero The lowest homework grade however will be dropped when determining the overall homework grade Learning macroeconomics requires that you work problems in addition to doing the as signed readings attending lectures and participating in sections The weekly homework assignments therefore are a critical component of the course Many of the exam questions will be similar to questions posed on the homework assignments Students are encouraged to discuss the homework assignments with others but are expected to write their answers in their own words Readings The course will follow the textbook closely Although some chapters in the textbook will receive more emphasis than others the overall plan for the course is to cover the entire book Because the lectures cover only the key points of each of the chapters reading and studying the textbook in a timely fashion is an essential part of the course Additional resources associated with the textbook are available online at http www aw comabelibernanke In addition to readings from the textbook topical readings from such publications as The Economist The Wall Street Journal The New York Times Financial Times and Business Week will occasionally be posted to the course web site whose address is given above In general you will nd the course material more interesting if you read articles in the popular press on economics and business as the course progresses and try to apply what you have learned to real world events COURSE CALENDAR The schedule of lectures below is approximate but the schedule of homework assignments and exams is exact With the exception of the rst two weeks of the semester section meetings take place every week on either Wednesday Thursday or Friday exact times and locations to be determined later Homework assignments will be posted to the course web site httpwwweconyaleedusmithecon154b by 5PM on the indicated dates Answer keys to the homework assignments will be posted on the course web site shortly after the due dates Graded homework assignments will be returned to students in the sections immediately following the due dates Week 1 Mon Jan 10 Lecture Chapter 1 Introduction to Macroeconomics Wed Jan 12 Lecture Chapter 2 Measuring the Macroeconomy Fri Jan 14 Lecture Chapter 3 The Market for Labor Homework 1 posted Sections do not meet this week Week 2 Mon Jan 17 Martin Luther King Jr Day no lecture Wed Jan 19 Lecture Chapter 4 The Market for Goods Sections do not meet this week Week 3 Mon Jan 24 Lecture Chapter 4 The Market for Goods Homework 1 due at the beginning of lecture Homework 2 posted Wed Jan 26 Lecture Chapter 7 The Market for Assets Sections begin meeting this week Week 4 Mon Jan 31 Lecture Chapter 7 The Market for Assets Homework 2 due at the beginning of lecture Homework 3 posted Wed Feb 2 Lecture Chapter 8 Facts about Business Cycles Week 5 Mon7 Feb 7 Lecture Chapter 9 The IS LMAS AD Model Homework 3 due at the beginning of lecture Homework 4 posted Wed7 Feb 9 Lecture Chapter 9 The IS LMAS AD Model Week 6 Mon7 Feb 14 Lecture Chapter 9 The IS LMAS AD Model Homework 4 due at the beginning of lecture Wed7 Feb 16 Catch Up Lecture and Review for Midterm Exam Week 7 Mon7 Feb 21 MIDTERM EXAM Wed7 Feb 23 Lecture Chapter 10 Classical Business Cycle Analysis Week 8 Mon7 Feb 28 Lecture Chapter 10 Classical Business Cycle Analysis Homework 5 posted Wed7 March 2 Lecture Chapter 11 Wage and Price Rigidity SPRING BREAK Week 9 Mon7 March 21 Lecture Chapter 11 Wage and Price Rigidity Homework 5 due at the beginning of lecture Homework 6 posted Wed7 March 23 Lecture Chapter 12 The Phillips Curve Week 10 Mon7 March 28 Lecture Chapter 14 Monetary Policy Homework 6 due at the beginning of lecture Homework 7 posted Wed7 March 30 Lecture Chapter 15 Fiscal Policy Week 11 Mon7 April 4 Wedl7 April 6 Week 12 Mon7 April 11 Wedl7 April 13 Week 13 Mon7 April 18 Wedl7 April 20 Lecture Chapter 6 Long Term Economic Growth Homework 7 due at the beginning of lecture Homework 8 posted Lecture Chapter 6 Long Term Economic Growth Lecture Chapter 5 Saving and Investment in the Open Economy Homework 8 due at the beginning of lecture Homework 9 posted Lecture Chapter 13 The IS LM Model in an Open Economy Lecture Chapter 13 The IS LM Model in an Open Economy Catch Up Lecture and Review for Final Exam Homework 9 due at the beginning of lecture FINAL EXAM to take place between May 3 and May 10


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