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Economics 301
Intermediate Macroeconomics

Syllabus

Winter 2000

Last updated on March 10, 2000

Note 1: Recent changes to the reading list are indicated in red.

Note 2: My lecture notes are preliminary and incomplete and are not guaranteed to be free of errors. Also, as the quarter progresses I will be making changes and additions to the notes so check the revision dates to make sure you have the most up to date set of notes. Please let me know if you find typos or other errors. 

Course Outline by Week (subject to change)

Week Topic Textbook Additional Material
1
  • Introduction, Basic Issues and Data;

  • Chapters 1-2

  • Notes on price indexes, inflation and interest rates.

  • Notes on national income accounting.
2

  • Production function, labor demand and labor supply;

  • Labor market equilibrium

  • Consumption, Investment, Government spending and goods market equilibrium

  • Chapter 3

  • Notes on the production function

  • Notes on labor demand

  • Notes on labor supply

  • Notes on labor market equilibrium

  • Notes on goods market equilibrium

 
3

  • Introduction to growth theory, growth accounting;

  • Solow growth model

  • Chapter 4

  • Appendix to chapter 5

  • Notes on growth accounting

  • Notes on the Solow growth model.
4

  • 1st midterm exam (Thursday 1/27 during 2nd hour of class)

  • Policies to promote growth

  • New growth theory

  • Chapter 5
5

  • Unemployment

  • Money Demand and Money Supply;

  • Fractional banking and the Fed

  • Chapter 6

  • Chapter 7

  • Chapter 18

  • Notes on money supply and money demand.
6

  • Inflation

  • Introduction to business cycles

  • Chapter 7

  • Chapter 9

  
7

  • IS/LM and aggregate demand

  • Chapter 10

  • Chapter 11
8

  • 2nd midterm exam (Thursday 2/24 full class period)

  • Business cycle analysis with IS/LM/AD/AS

  • Chapter 11
9

  • Aggregate Supply

  • Phillips Curve

  • Chapter 13

  
10

  • Stabilization Policy

  • Chapter 14

  • Notes on stabilization policy
11

  • Final exam - 10:30-12:20 p.m.
    Monday, Mar. 13, 2000