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Location and Time
Lecture: Maclean 172 MWF 10:00
Office Hours: I will add the official times later but they will be MW in
the afternoon and Tue
Instructor
Gregory Stutes
Office: 380K MacLean Hall
Telephone: 477-4027
This course will introduce students to
Macroeconomics. The class is divided into three sections. We will
start with measurement and the long-run trend. The second section will
develop a partial equilibrium by exploring the labor market, the goods market,
the asset market. Finally, we will combine the parts into a general
equilibrium model through IS-LM. The IS-LM will be examined two
different ways: the Classical view and the Keynesian view. This will
allow us to explore short-run issues
Macroeconomics, Able and Bernanke (and Croushore)
A copy of all additional readings will be available on my web page or on JStor.
The required work for this class consists of two midterm exams, a final exam, and several homework assignments. Your grade for the semester will be based on your work on these assignments and the quality and quantity of your class participation. The relative weight of each of these components will be:
Midterm 15%
Midterm II 30%
Final 30%
Homework 25%
Economics 304
Macroconomics
IS/LM(Finish IS and LM)
| Date | Subject | Updates | Readings | Homework | Notes | |
| 1 | 1-13 Mon |
Introduction | Chapter 1
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Chapter 1 Notes | ||
| 2 | 1-15 Wed |
More Intro | ||||
| 3 | 1-17 Fri |
Finish Intro and Start GDP | Chapter 2
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Chapter 2 Notes | ||
| 1-20 Mon |
MLK--No Class | |||||
| 4 | 1-22 Wed |
GDP, CPI | ||||
| 5 | 1-24 Fri |
3 Views | ||||
| 6 | 1-27 Mon |
more 3 views |
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| 7 | 1-29 Wed |
Production Function and Start Solow |
Chapter
3.1 Chpt 6 |
Homework #1 Due Friday 2-7 |
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| 8 | 1-31 Fri |
Solow | Chapter 3 and 6 Notes | |||
| 9 | 2-3 Mon |
Solow Part 2 | ||||
| 10 | 2-5 Wed |
Solow Part 3 | ||||
| 11 | 2-7 Fri |
Solow: the shifts | ||||
| 12 | 2-10 Mon |
Solow, HW, Wrap Up | ||||
| 13 | 2-12 Wed |
Practice and start Chapter 3 | Chpt 3 | Chapter 3 | ||
| 14 | 2-14 Fri |
Labor Demand and Labor Supply and review |
No Midterm on Monday! It will be on Monday 2-24!!!! Homework 2 Due Fri 2-21 Key to the numerical problem |
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| 15 | 2-17 Mon |
Midterm I | ||||
| 16 | 2-19 Wed |
TUCE | ||||
| 17 | 2-21 Fri |
Labor Demand and Labor Supply I! | ||||
| 18 | 2-24 Mon |
Unemployment | Chpt 4 | Chapter 4 | ||
| 19 | 2-26 Wed |
Finish D&S Start S&I | ||||
| 20 | 2-28 Fri |
Saving | ||||
| 21 | 3-2 Mon |
Investment | ||||
| 22 | 3-4 Wed |
Current Account and Capital Account |
Homework 3 Due Wed after Break |
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| 23 | 3-6 Fri |
Saving and Investment in a Small Open Economy | Chpt 5 | Chapter 5 | ||
| 3-9 Mon |
Spring Break | |||||
| 3-11 Wed |
Spring Break | |||||
| 3-13 Fri |
Spring Break | |||||
| 24 | 3-16 Mon |
Saving and Investment in a Large Open Economy and Intro to Asset Market | Chpt. 7 | Chapter 7 | ||
| 25 | 3-18 Wed |
Money Demand and Money Money Supply | ||||
| 26 | 3-20 Fri |
Money Demand and Money Money Supply II | ||||
| 27 | 3-23 Mon |
3 graphs | ||||
| 28 | 3-25 Wed |
3 graphs | ||||
| 29 | 3-27 Fri |
3 graphs | ||||
| 30 | 3-30 Mon |
Review | ||||
| 31 | 4-1 Wed |
Midterm II | ||||
| 32 | 4-3 Fri |
B-cycles | Chpt 8 | |||
| 33 | 4-6 Mon |
AD/AS | Chapter 8 | |||
| 34 | 4-8 Wed |
More AD/AS |
Homework 4 Due 4-16 I know it is not on our typical day, but I want you to be able to talk to meif you have question |
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| 4-10 Fri |
Good Friday |
Chpt 9 | Chapter 9 | |||
| 4-13 Mon |
Monday after Easter |
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| 35 | 4-15 Wed |
Intro to IS/LM | ||||
| 36 | 4-17 Fri |
IS/LM | ||||
| 37 | 4-20 Mon |
IS/LM | Chpt 10 | Some Notes | ||
| 38 | 4-22 Wed |
New Keynesians | ||||
| 39 | 4-24 Fri |
New Keynesians | ||||
| 40 | 4-27 Mon |
New Classical | Chpt 11 |
Last Homework Due on Study Day |
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| 41 | 4-29 Wed |
New Classical | Lasr HW KEY | |||
| 42 | 4-31 Fri |
Resessions | ||||
| 43 | 5-4 Mon |
Recssions |
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| 44 | 5-6 Wed |
Study Day | ||||
The Final will be on the official scheduled date and time. Please consult your Schedule of Classes