Syllabus
Class 1: Class Information, Introduction to Macroeconomics
Textbook Readings: S18 chap. 1, 2, 3, 20, 33; S19 chap. 1, 2, 3, 19, 31; M chap. 1, 2
Class 2: The data of Macroeconomics: National Accounts
Textbook Readings: S18 chap. 21; S19 chap. 20; M chap. 22, 23
Class 3: Long-Run Growth
Textbook Readings: S18 chap. 27, 28; S19 chap. 25, 26; M chap. 24
Class 4: Saving and Investment, Financial System, Money
Textbook Readings: S18 chap. 14B, 22, 25; S19 chap. 15, 21, 23; M chap. 25
Class 5: Monetary system, Inflation
Textbook Readings: S18 chap. 26, 32A; S19 chap. 24, 30; M chap. 27, 28
Class 6: Business Cycles, AD & AS
Textbook Readings: S18 chap. 23, 32B; S19 chap. 22; M chap. 31
Class 7: Unemployment, Inflation, Phillips Curve
Textbook Readings: S18 chap. 31; S19 chap. 29; M chap. 26, 33
Class 8: Multiplier model
Textbook Readings: S18 chap. 24; S19 chap. 22; M chap. 32
Class 9: Fiscal Policy, Government Deficits and Debts
Textbook Readings: S18 chap. 24.B, 34; S19 chap. 16, 22, 31; M chap. 32, 34
Class 10: Monetary Policy
Textbook Readings: S18 chap. 26, 32, 34; S19 chap. 24, 30, 31; M chap. 32, 34
Class 11: Open Economy, International Trade,
Textbook Readings: S18 chap. 30; S19 chap. 28; M chap. 29, 30
Class 12: Foreign Exchange rates, International Finance
Textbook Readings: S18 chap. 29; S19 chap. 27; M chap. 29, 30
Annotation
This course is a first introduction to Macroeconomics. We will study the economy as a whole and try to explain various phenomena that can be observed in the economy on the aggregate level.
We will analyze fluctuations in economic activity over time, unemployment, inflation. We will discuss the role of government, in particular the fiscal and monetary policy.
To illustrate these issues we will use standard AD-AS and IS-LM modeling frameworks.