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EC 301 Intermediate Macroeconomics
Tinga, Brian, J.
Intermediate Macroeconomics Brian Tinga (M.S.)
EC 301 (3 credit hours) Adjunct Instructor
Summer 2005 (5/30/2005 -7/24/2005) Brian.Tinga@park.edu
Prerequisites (EC 141)
Dornbusch, Fischer, Startz. Macroeconomics. 9th Edition. New York, NY.: McGraw Hill, 2004
1. Derive and use the Keynesian cross, IS-LM, and AD-AS models.
2. Explain how the evolution of the monetarist and new-classical theories.
3. Describe how the new-Keynesian theory justifies the Keynesian policy prescriptions.
4. Explain the relationship between the government-budget deficit and the trade deficit.
5. Explain how national savings determines the trade deficit, not protectionism.
6. Define supply-side economics and discuss how it explains the government-spending deficit.
7. Research and write a term paper on a macroeconomics topic.
Classroom Rules of Conduct
Every student is here at there own free will. Subsequently if students cannot respect others’ desire to learn then those students should drop the class. In short Treat others as you would like to be treated.
Late Submission of Course Materials
Students are expected to turn in assignments by the due date stated. I will consider extenuating circumstances. As such I will consider such requests on a case by case basis.
Instructors are required to keep attendance records and report absences. The instructor may excuse absences for cogent reasons, but missed work must be made up within the term of enrollment. Work missed through unexcused absences must also be made up within the term of enrollment, but unexcused absences may carry further penalties. In the event of two consecutive weeks of unexcused absences in a term of enrollment, the student will be administratively withdrawn, resulting in a grade of “F”. An Incomplete will not be issued to a student who has unexcused or excessive absences recorded for a course. Students receiving Military Tuition Assistance (TA) or Veterans Administration (VA) educational benefits must not exceed three unexcused absences in the term of enrollment. Excessive absences will be reported to the appropriate agency and may result in a monetary penalty to the student. Reports of F grade (attendance or academic) resulting from excessive absence for students receiving financial assistance from agencies not mentioned above will be reported to the appropriate agency.
Midterm Exam 20%
Final Exam 20%
A=90-100, B=80-89, C=70-79, D=60-69, F=0-59
Week 1 (May 31, June 2)
Introductions, Syllabus review
Chapter 1- Economics Refresher
Chapter 2- National Income
Week 2 (June 7, 9) JUNE 6th LAST DAY TO ADD/DROP
Chapter 3-Growth & Accumulation June 7th Assignment #1 Due Chapter 4- Growth & Policy
Chapter 5- Aggregate Supply & Demand
Week 3 (June 14, 16)
Chapter 6- Aggregate Supply: Wages, Prices, and Unemployment
Chapter 7- The Anatomy of Inflation and Unemployment
Chapter 8- Policy June 16th Assignment #2 Due
Week 4 (June 21, 23) JUNE 24th LAST DAY OF PARTIAL REFUND FOR WITHDRAWAL
Chapter 9- Income & Spending
Chapter 10- Money, Interest & Income
Week 5 (June 28, 30) JULY 1- LAST DAY OF WITHDRAWAL
Chapter 11- Monetary & Fiscal Policy June 28th Midterm Exam
Chapter 12- International Linkages
Week 6 (July 5, 7)
Chapter 13- Consumption & Saving July 5th Assignment #3 Due
Chapter 14- Investment Spending
Chapter 15- The Demand for Money
Week 7 (July 12, 14)
Chapter 16- The Fed, Money, & Credit July 12th Assignment #4 Due
Chapter 17- Financial Markets and Asset Prices
Part 5 (Chapters 18-20) If time permits July 14th Paper Due
Week 8 (July 19, 21) JULY 24th END OF TERM
Part 5 (Chapters 18-20) If time permits
July 21- Final Exam
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This course begins with a review of national income concepts including national income accounting. It analyzes fiscal and monetary policy using the ISLM model. The primary course focus is on the critical analysis of fiscal, monetary, new Keynesian, and new classical models and their success in explaining economic stability and the stimulation of economic growth.
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