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ECO 202 Intermediate Macroeconomic Theory Summer 2024

发布时间：2024-05-21

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ECO 202

Intermediate Macroeconomic Theory

Syllabus

Summer 2024, May 13 - June 14

Policies and Procedures

Course Goals

To examine the economy-wide consequences of the choices we make, individually and collectively. A defining feature of macroeconomic events is interaction and interdependence, reflecting the linkages among decision-makers and among various segments of the economy that extend even to events and policies taking place in distant parts of the world.

Content

This course is a continuation of the study of the structural framework and principles involved in the determination of the level of aggregate economic activity. Primary emphasis is placed upon the development of models which explain the behavior of national income, output, employment, price levels and interest rates.

Prerequisite

ECO 102 Issues in Macroeconomics, ECO 104 Issues in Microeconomics, and MAT 205 Calculus I

Credit Hours

Student Learning Outcomes

Upon successful completion of this course, you should be able to:

1. Understand the nature and construction of key macroeconomic data

2. Understand macroeconomic concepts and models, their construction and use

3. Master the concepts, tools, and intuition of macroeconomics principles and creatively apply them to better understand government policies.

4. Apply the basic macroeconomic tools to interpret and analyze historical and current events

Participation and Grading

Your final grade will be weighed as follows.

Assignments Percentage

2 Quizzes 20%

2 Exams 70%

1 Presentation 10%

Total: 100%

Quizzes

There will be 2 quizzes. They are during Week 2 and Week 4. Each Quiz is worth 5%. Each quiz will cover all of the material preceding the quiz, but not material before a previous quiz. The goal of these quizzes is to show what the exam questions will be like and to prepare students for the exams. The due dates of the quizzes are shown in the class schedule.

Exams

Exam 1 will be held on the Wednesday of Week 3. Exam 2 will be held on the Thursday of Week 5. Each Exam is worth 35%. Exams are not cumulative, so Exam 2 will cover material after Exam 1. Students are of course expected to work alone. A successful exam will require a student to use models, math, graphs, and explanation. A student will not receive full credit on exam questions for simply completing math portions. They must use graphical models when available, label and explain model components, and most importantly, students must WRITE explanations. There must be discussion of the model, its significance, and the issue in question. Discuss, explain, describe, analyze. Write.

Policy Paper

Students will be required to write a policy paper, analyzing the macroeconomic policy of a real country. The paper will ask the student to apply the IS-LM-BOP Model to a real economy and economic conditions there. The paper will propose a policy, and use the model to explain the predicted outcome. Students may choose any country. The goal will be to identify a country, describe real-life economic conditions in that country today, and apply the IS-LM-BOP model to a chosen policy. All tools at a student ’ s disposal are to be used — graphs, math, models, and most importantly, discussion. This is a paper. It asks you to apply a model to real life and use the model to analyze what policies might work or not in a given country. The paper is due at the end of the semester term.

Presentations

Students will be required to prepare a presentation with PowerPoint slides on a macroeconomics topic. Topics will be agreed upon during the first week of class, and the presentations will be spread over multiple days in Week 3, 4, and 5. These presentations should be of a current event or macroeconomics story found in any country of your choosing. A successful presentation will take a concept from the textbook and apply it to a real life story from the news. Students may choose their topic, but it is best to check with the professor if in doubt about any topic. The due date for these presentations is by the end of the semester.

Late Policy

Students are expected to submit materials on time. To be fair to other students, any late submission of any material will be reduced in grade by 10 percentage points per day.

Grading Scale

The grading scale in the class will be as follows:

A=90-100%

B=80-89%

C=70-79%

D=60-69%

F=59% And Below

You may track your running point total throughout the term via our course site. Please be aware, however, that the course grade you see in the site will reflect only assignments and activities you have already completed and that your professor has graded.