Economics 302 Fall 2008 Intermediate Macroeconomics Lecture 2 M W 4 00 5 15p Social Science 5106 Lecturer Santiago Acosta Ormaechea Office Hours M 5 20 6 20p and W 2 45 3 45p Office 6460 E mail acostaormaec wisc edu Teaching Assistant Peter Newberry Office Hours TU 11 00a 12 00p and TH 1 00 2 00p Office 6443 E mail pnewberry wisc edu Course webpage The material for this course e g syllabus announcements problem sets will be posted in http www ssc wisc edu sormaech Course overview This is an intermediate course of macroeconomics Although we assume some familiarity with macroeconomics we will cover the topics from the very beginning but at a good pace Some basic calculus is required to gain the most of the course A very good reference to refresh your knowledge is the classic book Fundamental Methods of Mathematical Economics by Alpha Chiang different editions Note that in the course schedule below you have a description of the topics covered in each lecture You must read in advance the material for the lecture Text Mankiw N Gregory 2006 Macroeconomics sixth edition Worth Publishers Additional Readings You may be required to read a particular article as those written in The Economist In such a case I will make the announcement and the article will be posted in the course s webpage Problem Sets There will be 4 problem sets Each problem set will be posted in the course s webpage You can work in groups 2 or 3 people per group but the problem set must be handed individually Problem sets which are not submitted individually will not be accepted The timetables for the problem sets are provided in the course schedule below Problem sets are due at the beginning of the corresponding lecture Late problem sets are not accepted in such a case you will receive a grade of zero Grading The teaching assistant will be grading your problem sets and exams Any complaints about grading must be directed first to your teaching assistant Complaints to me must be submitted in written format Once a complaint is submitted the entire problem set or exam will be re graded The new mark can be either above or below the original one According to past experiences grades are roughly distributed as follows A Top 19 AB Next 18 B Next 21 BC Next 20 C Next 17 D and F Bottom 5 Grades Problem Sets 20 Midterm Exam 1 20 Midterm Exam 2 20 Final Exam 40 Exams dates Midterm Exam 1 75mins W 10 08 08 in class Midterm Exam 2 75mins W 11 10 08 in class Final Exam 120mins TU 12 16 08 Exams rules There will be no makeup exams If you miss a midterm exam due to factors beyond your control adequately proved I will reweight the other midterm and the final to obtain your final mark If you miss two midterms you will fail the course COURSE SCHEDULE Week 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 Date W 09 03 M 09 08 W 09 10 M 09 15 W 09 17 M 09 22 W 09 24 M 09 29 W 10 01 M 10 06 W 10 08 M 10 13 W 10 15 M 10 20 W 10 22 M 10 27 W 10 29 M 11 03 W 11 05 M 11 10 W 11 12 M 11 17 W 11 19 M 11 24 W 11 26 M 12 01 W 12 03 M 12 08 W 12 10 M 12 15 TU 12 16 Topic Chapter Problem sets Introduction to Macroeconomics 1 National Accounting and Measurement 2 3 Money and Inflation 4 Open economies I Saving and Investment 5 Open economies II Exchange Rate 5 Unemployment 6 PS 1 posted Long Run Growth 7 Long Run Growth 8 PS 1 due Long Run Growth 8 Review Session 1 8 MIDTERM EXAM 1 Business Cycle 9 IS LM model I 10 PS 2 posted IS LM model II 11 Mundell Fleming model 12 PS 2 due Mundell Fleming model 12 Unemployment and inflation 13 PS 3 posted Unemployment and inflation 13 Review Session 9 13 PS 3 due MIDTERM EXAM 2 Stabilization policy 14 Government debt 15 Consumption 16 PS 4 posted No class Day before Thanksgiving no class Consumption 16 PS 4 due Investment 17 Investment 17 Money Supply and Money Demand 18 Review Session 1 18 FINAL EXAM 5 05 7 05p Disclaimer Schedules and topics are subject to changes Dates of midterms and final are fixed
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