代做ECON-UA 12 - 007 Intermediate Macroeconomics Spring 2024代写R编程

Intermediate Macroeconomics

ECON-UA 12 - 007

Spring 2024

Syllabus

2 Academic integrity

Academic integrity is of utmost importance. The  usual university policies  on academic honesty apply, and I take them very seriously.  By taking this course, you are agreeing to an honor code regarding examinations. You will complete the exams with only the material that is permitted and without outside help.

3 Course objectives

We will use macroeconomic theory and empirical evidence to analyze important aspects of the macroeconomy — long-run growth, business cycles, labor markets, inlation, and iscal and mone- tary policies.  Given the focus of the course is on both theoretical an empirical questions, you will analyze data and use calculus to study macroeconomic models.

The purpose of recitations is to review material from problem sets and lectures, primarily using examples and other problems. These  problems will not cover new material in most cases,  but should be helpful in preparation for the exams.

4 Prerequisites

❼ Mathematics for Economists I and II are required.  I strongly recommend you re- fresh the material from those courses — familiarity with calculus will allow you to focus on economics rather than spending time with mathematical derivations.

❼ Principles courses in microeconomics and macroeconomics are required.

❼ Intermediate  Microeconomics is highly recommended, at the very least in parallel with this course. It is generally more natural to take microeconomics prior to macroeconomics.

5 Textbook

The main text Macroeconomics 5e by Charles I. Jones. We will rely on the book extensively. Using other editions of this textbook is possible, but it is your responsibility to check the diferences between the editions (some updated graphs, added chapters).  In case of disagreement, it is the ifth edition that matters.

6 Grading

Your grade will be determined based on problem sets and exams.

6.1 Problem sets

There will be roughly weekly problem sets. Problem sets will amount to 25% of your inal grade and will be equally weighted. You will have about a week to complete each problem set. Problem sets will be due before the start of your recitation section.  Your worst problem set (e.g., one that you do not submit) will not be counted. Since  the teaching assistant will review problem sets during the recitation, you may not submit your problem set late, nor ask for extensions. You can use the‘worst problem set not counted’policy as insurance against situations when it is difficult for you to submit the problem set, like medical or personal reasons.

You may consult your colleagues in solving the problem sets — everybody gets stuck sometimes, and cooperation and discussions with your classmates can help you understand the material much better. However, you must submit individual answers. It is not acceptable to just copy or jointly write down the answers. Copied answers will earn zero points, regardless of who copied from whom.

Problem sets will be graded by the teaching assistant. Therefore, all questions regarding the problem sets should be directed to the teaching assistant.

6.2 Exams

There will be three exams. All tests consist of a combination of quantitative and graphical exercises, similar to those in the problem sets and recitations. The inal grade for the course will consist of the following components:

Midterm 1 (Mon, February 26, in class)        25%

Midterm 2 (Mon, April 1, in class)                25%

Final exam (Wed, May 8, location TBD)        25%

Problem sets                                             25%

Each of the exams will primarily focus on the respective third of the course. The inal will not be cumulative. All material provided in the course is examinable, unless explicitly speciied otherwise.

No electronic devices (including phone, calculators or smart watches) are allowed during the exam.  You are not allowed to access any materials during the exam. This includes, and is not limited to lecture materials, recitation materials, other materials on the internet.

6.3 Make-up tests and regrading

There will be no make-up exams. If you miss a midterm exam because of a medical emergency I will appropriately reweigh your scores from the remaining exams.  This medical emergency has to be documented with a doctor’s note within one week of the exam. Covid-19 related medical emergencies are treated like any other medical emergency.  In addition, if you know of your medical condition in advance, you must send me an email notiication. You  have  to attend the inal exam.

If you think your exam was graded incorrectly, you may ask for a regrade within  one week after I distribute the exam. In this case, you must submit a written note explaining what, in your view, was graded incorrectly. I will then regrade the whole exam. This means that your score may be adjusted both upward as well as downward as a result.

Importantly, there are no additional discretionary ways how to improve your score. The usual university policies on academic honesty apply, and I take them very seriously.

6.4 Grading scheme

The total number of points you accumulate will determine your inal course grade. I will follow the grading policy of the Economics Department and assign a inal grade of A or A- to the top 30% of the class, B+, B or B- to the next 40% of the class and C+ or C to the next 20% of the class. Students at the bottom  10% will be assigned a D or an F, unless they accumulate at least 50 points out of the maximum of 100, in which case they will receive a grade of C.

6.5 Midterm progress

Your midterm progress will be determined based on the following criteria:

❼ strong:  you took all exams to date and scored above 75 (on average)

❼ satisfactory:  you took all exams to date, scored between 50 and 75 (on average)

❼ of concern:  you missed at least an exam to date, or took all the exams to date but scored below 50 (on average)

Note that the midterm progress report is not  an  input  into  your  inal  grade,  which is determined as outlined above.

7 Outline of the course

The course closely follows the Macroeconomics 5e textbook by Charles I. Jones. The following structure of the course is tentative.

Preliminaries

Chapters  1–2 – self-study, we will not discuss these elementary sections in lectures. I  will not explicitly examine these chapters but I will assume that you know and understand them.

Part I. Growth and Development

1. Overview (Chapter 3). Some empirical facts on long-run growth and development.

2. A  model  of  production (Chapter  4).  Can a simple model of production account for diferences in GDP across countries?

3. Solow  growth  model (Chapter  5).  How  capital accumulation contributes to economic development.

4. Growth and ideas (Chapter 6). What generates persistent growth over time?

Part II. Employment, Inlation and Consumption

1. Labor market, wages and unemployment (Chapter 7). Labor supply, labor demand, wages, frictions and unemployment.

2. Inlation (Chapter 8).“In  ation is always and everywhere a monetary phenomenon.”

3. Consumption (Chapter 16).  Consumer’s choice from the macroeconomic perspective.

Part III. Business cycles

1. An introduction to business cycle facts (Chapter 9). Comovement of macroeconomic quantities over the business cycle.

2. The  IS  curve (Chapter  11).  The relationship between savings, investment, and the real interest rate.

3. Monetary policy (Chapter 12). Nominal and real interest rates, sticky prices and inlation.

4. AS/AD framework and stabilization policy (Chapter 13).

5. The Great Recession and the inancial sector (Chapter 14). How do inancial shocks propagate into the real economy.

6. DSGE models (Chapter 15). How does modern business cycle research look like?

Part IV. Fiscal policy and open economy (selected topics, time-permitting)

1. Fiscal policy (Chapter 18). Government spending, taxation, budget deicits and government debt management.

2. International trade (Chapter 19).  Comparative advantage, trade and lows of labor and capital across countries.

3. Exchange rates and international inance (Chapter 20). Open economy, exchange rate determination, international inancial system.

Chapters are tentative. The midterms and the inal exam are not cumulative.