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Macro SylLabuss
Macro SylLabuss
Macro SylLabuss
Fall 2008
Instructor: Ken McCormick (Office: CBB 213 Phone: 3-6051)
Office Hours: M-W-F 1:00 - 2:00 and by appointment
E-mail: kenneth.mccormick@uni.edu
Web-page: http://www.cba.uni.edu/mccormick/
Prerequisites: 92:053 and 92:054 or equivalents
Required Books: 1. Abel, Bernanke & Croushore, Macroeconomics, 6th
edition
2. Collier, The Bottom Billion
Course Outline and Reading List:
TOPIC
READING ASSIGNMENT IN A & B
I.
Introduction
Chapter 1
II. National Income Accounting
Chapter 2
(No Lectures; Take-Home Quiz)
III. Production & Employment in
Chapter 3
the Long Run
IV. Consumption, Saving &
Chapter 4
Investment
V. Saving & Investment in an
Chapter 5
Open Economy
VI. Growth
Chapter 6
VII. The Asset Market, Money
Chapter 7
and Prices
VIII. Business Cycle History
Chapter 8
(No Lectures; Take-Home Quiz) (Omit pages 302-306)
IX. IS-LM in a Closed Economy
Chapter 9
(Omit pages 336-343)
XI. Keynesian Macroeconomics
Chapter 11
XIII. IS-LM in an Open Economy
Chapter 13
XIV. The Consumption Function
None
(Time Permitting)
Exams:
There will be four examinations, each worth 100 points. The exams will
each consist of 33 multiple choice questions. You are allowed one page of
notes at each exam. The dates for the exams will be announced in class
as the semester progresses.
Quizzes:
There will be four quizzes, two of which will be take-home. The takehome quizzes will be worth 30 points each. The two in-class quizzes will
be worth 20 points each. The quizzes will be of the problem/essay
variety. The dates for the quizzes will be announced in class as the
semester progresses.
Paper:
You are required to write a 5 10 page book report on Paul Colliers The
Bottom Billion. Your report should include answers to the following
questions:
1. Why does it matter to us if there are poor countries that do not
develop?
2. What are the main reasons that countries fail to develop?
3. According to Collier, what needs to be done?
4. Why arent these things done now?
5. What does Collier mean by headless hearts and useful idiots?
6. How does globalization fit into the picture?
7. What do you think about Colliers book?
Employers, graduate schools, and law schools tell us over and over that
good writing skills are valuable. It is therefore important to practice your
writing. Good papers generally go through several drafts. At a
minimum, you are expected to proof-read your paper for errors in
Homework:
You are expected to answer the following homework questions at the end
of each chapter. The homework will not be collected, but you will be
provided with the answers to all homework questions. Roughly half of
the exam questions will be derived from homework questions.
Chapter
Review Questions
3
4
5
6
7
9
11
13
1,2,3,4,12,13,14,15
1,2,3,4,6,7,8,9
1,2,5,8,10
1,5,6,7
2,4,6,9
1,2,3,5
1,2,3,4,6,10
1,2,3,4,5,6,7,8
Grades:
Numerical
Problems
3
5
1
1,2,5,6
2a,2b,7a
1,2,3a
1,3
4a,4b
Analytical
Problems
2
1
5
1,2
1c,4
3
1
At the end of the course, the total number of points you have earned will
be divided by the total number of points possible. The result will then be
applied to the following scale:
.90 - 1.00
.80 - .89
.70 - .79
.60 - .69
< .60
A
B
C
D
F
A plus or a minus will be added to the letter grade of people close to the
boundaries.