Syllabus: macroeconomics Instructor: Gang gong Office: SEM South 533 Office Hours: Tue 2.00-4.00 Email:gong@emtsinghua.edu.cn Course description Macroeconomics is the most disputed, confused, yet excited field in economics. This course introduces you how economists think about those macroeconomic problems such as inflation, unemployment and recession, and how macroeconomic policies could be used to resolve these problems. We will find that economists may give you many different answers. Yet behind their d ifferent answers is the difference in the framework of macroeconomic analysis. The course will thus introduce you two major frameworks in macroeconomic analysis: the Keynesian macroeconomics and the Neo or New classical macroeconomics Textbooks 1. Macroeconomics (2nd ed ition, translated in Chinese), by Olivier Blanchard Prentice Hall Inc. 2000 2. Macroeconomics (5th edition, translated in Chinese), by Robert J. Barro Massachusetts Institute of Technology, 1997 (6th ed ition), by Rudiger Dornbusch and Stanley Fischer, McGraw-Hill Inc. 1994 Grading Exam and Homework There will be some homework d the course. The mid-term exam will be taken in class. There will be no taken-in-class final exam. Instead, the students are requested to submit a project plus a seminar paper before the end of the semester. Your final grade
Syllabus: Macroeconomics Instructor: Gang Gong Office: SEM South 533 Office Hours: Tue 2.00 – 4.00 Phone: 62788147 Email: gongg@em.tsinghua.edu.cn Course Description Macroeconomics is the most disputed, confused, yet excited field in economics. This course introduces you how economists think about those macroeconomic problems such as inflation, unemployment and recession, and how macroeconomic policies could be used to resolve these problems. We will find that economists may give you many different answers. Yet behind their different answers is the difference in the framework of macroeconomic analysis. The course will thus introduce you two major frameworks in macroeconomic analysis: the Keynesian macroeconomics and the Neo or New Classical macroeconomics. Textbooks 1. Macroeconomics (2nd edition, translated in Chinese), by Olivier Blanchard, Prentice Hall Inc., 2000. 2. Macroeconomics (5th edition, translated in Chinese), by Robert J. Barro, Massachusetts Institute of Technology, 1997. 3. Macroeconomics (6th edition), by Rudiger Dornbusch and Stanley Fischer, McGraw-Hill Inc., 1994. Grading, Exam and Homework There will be some homework during the course. The mid-term exam will be taken in class. There will be no taken-in-class final exam. Instead, the students are requested to submit a project plus a seminar paper before the end of the semester. Your final grade
will be accounted on your attendance (10%), homework(20%), project(20%) mid-term exam(30%)and seminar paper(20%) Course outline Part I: Introduction Chapter 1: The Science of Macroeconomics Chapter 2: The Macroeconomic Variables Part II: Keynesian Macroeconomic Analysis Chapter 3: The Product Market Analysis Chapter 4: The money market analysis Chapter 5: The IS-LM Model Chapter 6: Labor Market Analysis Chapter 7: The Price and Inflation Analysis Chapter 8: The Macroeconomic Policy Analysis (Mid-term Exam) Part III: Neo and New Classical Macroeconomic Analysis Chapter 9: The Neoclassical Growth Model Chapter 10: Some Behavior analysis Chapter 11: The Market Clearing Model This is only a tentative outline. It might be adjusted with the course progres
will be accounted on your attendance (10%), homework (20%), project (20%), mid-term exam (30%) and seminar paper (20%). Course Outline* Part I: Introduction Chapter 1: The Science of Macroeconomics Chapter 2: The Macroeconomic Variables Part II: Keynesian Macroeconomic Analysis Chapter 3: The Product Market Analysis Chapter 4: The Money Market Analysis Chapter 5: The IS-LM Model Chapter 6: Labor Market Analysis Chapter 7: The Price and Inflation Analysis Chapter 8: The Macroeconomic Policy Analysis (Mid-term Exam) Part III: Neo and New Classical Macroeconomic Analysis Chapter 9: The Neoclassical Growth Model Chapter 10: Some Behavior Analysis Chapter 11: The Market Clearing Model * This is only a tentative outline. It might be adjusted with the course progress
Chapter 11: More on Market Clearing Model Chapter 12: The Challenge from New Classical Macroeconomics
Chapter 11: More on Market Clearing Model Chapter 12: The Challenge from New Classical Macroeconomics
