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Economic Analysis--Macro
Course Description:
Macroeconomic Analyis - A study of the factors which determine national income, employment, and price levels, with attention to the effects of monetary and fiscal policy.
This is a course in intermediate macroeconomics with an emphasis on real world applications.
There are two objectives for this course.
1. To develop simple models that can be usefully applied to generate realistic predictions about the behavior of important macroeconomic variables such as output and income, employment
and unemployment, interest rates, the government budget balance, exchange rates and the current account balance, and inflation.
2. To apply these models to understand and interpret current and historical macroeconomic developments—including monetary and fiscal policy choices—and to make predictions about future macroeconomic events, primarily in the industrialized countries.
Textbook:
Robert E. Hall and David H. Papell
Macroeconomics: Economic Growth, Fluctuations, and Policy, 6th edition
W. W. Norton & Company, 2005
ISBN 0-393-97515-0
Instructor :
Steven Wood

课程内容
1Introduction to the Class; Introduction to Macroeconomics
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2Measuring the Economy: Economic Output
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3Long-term Economic Growth: Introduction
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4Long-term Economic Growth: The Neoclassical Growth Model I
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5Long-term Economic Growth: The Neoclassical Growth Model II
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6Long-term Economic Growth: Technology and Economic Growth
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7Long-term Economic Growth: Growth and the World Economy
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8Long-term Economic Growth: Fiscal and Monetary Policy in the Long Run
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9Output in the Short Run: Introduction to Business Cycles
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10Output in the Short Run: The Multiplier Model
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11Output in the Short Run: The IS Curve
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12 Output in the Short Run: The LM Curve
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13Output in the Short Run: The IS - LM Model
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14 Output in the Short-run: Employment: Unemployment, and Okun's Law
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15Output in the Short-run: Employment: Fiscal Policy
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16Output in the Short-run: Employment: Monetary Policy
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17The Open Economy: International Trade and Exchange Rates I
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18The Open Economy: International Trade and Exchange Rates II
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19 The Open Economy: International Trade and Exchange Rates III
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20 The Open Economy: International Trade and Exchange Rates
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21Inflation: Measuring Inflation and the Costs of Inflation
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22 Inflation: Aggregate Demand and Aggregate Supply
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23Inflation: The Inflation Process
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24 Economic Policy in the Short-run, the Intermediate-run and the Long-run
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25Summary and Conclusions/Class Evaluations
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