Principles of Macroeconomics

This course presents a number of macroeconomic models that will structure your thinking about economic phenomena. The first section describes the type of questions that macroeconomists address and introduces key macroeconomic data. The second section introduces models pertaining to national income; the monetary system; inflation; unemployment; and the international flow of goods, services, and capital. The third section deals with economic growth, focusing on issues related to capital accumulation and technological progress. By studying these issues within a macroeconomic framework, students will develop a better understanding of the world around them.

This course has two primary objectives. First, students will develop a framework for analyzing real-world macroeconomic issues. And second, for students that plan to continue studying economics, they will develop an analytical foundation on which to build more rigorous macroeconomic models.

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授業計画

Note that this schedule is subject to change (depending on our progress throughout the course). Class 1: Introduction to Macroeconomics and Macroeconomic Data (Mankiw Ch. 1 and 2). Class 2: Introduction to Macroeconomics and Macroeconomic Data (Mankiw Ch. 1 and 2). Class 3: National Income (Mankiw Ch. 3). Class 4: National Income and the Monetary System (Mankiw Ch. 3 and 4). Class 5: The Monetary System and Inflation (Mankiw Ch. 4 and 5). Class 6: Inflation (Mankiw Ch. 5). Class 7: Inflation and the International Flow of Goods and Capital (Mankiew Ch. 5 and 6) and our midterm test. Class 8: International Flow of Goods and Capital (Mankiw Ch. 6). Class 9: Savings, Investment, Exchange Rates, and Unemployment (Mankiw Ch. 6 and 7). Class 10: Unemployment (Mankiw Ch. 7). Class 11: Unemployment, Capital Accumulation, Population Growth, and Technology (Mankiw Ch. 7 and 8). Class 12: Capital Accumulation, Population Growth, and Technology (Mankiw Ch. 8). Class 13: Course wrap-up and our final test.

授業の方法

The class will be conducted face-to-face, and all lectures will be held in IAR 1213A during the 5th period (16:50 to 18:35) on Tuesdays.

成績評価方法

The final grade for this course is composed of: Class Participation (10%), a Midterm Examination (40%), and a Final Examination (50%).

履修上の注意

Students are expected to attend all lectures (except when they have a valid medical reason) and to actively participate during class (e.g., take notes and ask/answer questions). Students are also encouraged to read the lecture material before each class.