Summer 2020 - ECON 305 D200
Intermediate Macroeconomic Theory (4)
Class Number: 3744
Delivery Method: In Person
Overview
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Course Times + Location:
May 11 – Aug 10, 2020: Tue, 10:30–11:20 a.m.
BurnabyMay 11 – Aug 10, 2020: Thu, 9:30–11:20 a.m.
Burnaby -
Exam Times + Location:
Aug 17, 2020
Mon, 12:00–3:00 p.m.
Location: TBA
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Instructor:
Farouk Abdul-Salam
fabdulsa@sfu.ca
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Prerequisites:
ECON 201 or 301, 60 units. Students with a minimum grade of A- in ECON 103 and 105 at Simon Fraser University at their first attempt can complete ECON 305 concurrently with ECON 201 after 30 units. Students seeking permission to register on this basis must contact the undergraduate advisor in economics.
Description
CALENDAR DESCRIPTION:
Concepts and methods of analysis of macroeconomic variables -- consumption, investment, government and foreign trade. Classical and Keynesian models compared; analysis of economic statics and dynamics. Quantitative.
COURSE DETAILS:
This course covers most of the core topics in macroeconomics, including: national income account-ing, growth theory, business cycles, theories of inflation and unemployment, and the effects of monetary and fiscal policies. Both Keynesian and Classical approaches to business cycles will be discussed. The course will also discuss theories of exchange rate determination and explore the effects of international capital inflows and trade imbalances.
Course Structure
The course is divided into three main parts. The first part focuses on economic growth, the second part focuses on business cycles, and the third part focuses on macroeconomic policy. The hope is that the theory you learn in the first two parts will help provide better answers to the policy questions discussed in the third part.
Topics:
1. BACKGROUND AND OVERVIEW
Introduction and Overview:
Williamson, Chapter 1
National Income Accounting
Williamson, Chapter 2
2. A STATIC (ONE-PERIOD) MODEL OF THE ECONOMY
Labor Supply
Williamson, Chapter 4 (pgs. 90-109)
Labor Demand
Williamson, Chapter 4 (pgs. 110-125)
Competitive Equilibrium and Comparative Statics
Williamson, Chapter 5
3. UNEMPLOYMENT
The Mortensen-Pissarides Model
Williamson, Chapter 6
4. ECONOMIC GROWTH
Growth Facts and the Malthusian Model
Williamson, Chapter 7 (pgs. 204-219)
The Solow Growth Model
Williamson, Chapter 7 (pgs. 219-246)
Extensions of the Solow Growth Model
Class Notes
Endogenous Growth
Williamson, Chapter 8
5. Midterm Week
Buffer/Midterm Review
Midterm Exam (Closed Book)
6. A DYNAMIC (TWO-PERIOD) MODEL OF THE ECONOMY
Consumption and Saving
Williamson, Chapter 9 Investment Williamson, Chapter 11
7. MONEY AND BUSINESS CYCLES
Money and Inflation
Williamson, Chapter 12
Measuring Business Cycles
Williamson, Chapter 3
Market-Clearing Business Cycle Models
Williamson, Chapter 13
Keynesian Business Cycle Models
Williamson, Chapter 14
8. OPEN-ECONOMY MACROECONOMICS
International Trade and Capital Flows
Williamson, Chapter 15
Money and Exchange Rates with Flexible Prices
Williamson, Chapter 16
IS-LM in Open Economies: The Mundell-Fleming Model
Class Notes
9. Special Topics & Experiment Participation
Experimental Macroeconomics (if time permits)
10. Final Exams Preparation & Review
Grading
- Tutorials/class participation 10%
- Problem sets 20%
- Midterm exam 20%
- Final exam 25%
- Quizzes 20%
- Group work 5%
Materials
MATERIALS + SUPPLIES:
Technology Requirements
Computers with webcams and audio features
Camera for document upload
REQUIRED READING:
Williamson, Stephen D. Macroeconomics, 6th Canadian edition, eBookk. Pearson, 2020. Note: 4th Edition is fine as well.
ISBN: 978-0135651568
RECOMMENDED READING:
Jones, Charles I. Macroeconomics, 4th edition, 2017, WW Norton & Co.
ISBN: 978-0393602487
Free online textbook by Andolfatto (2008).
Department Undergraduate Notes:
Please note that, as per Policy T20.01, the course requirements (and grading scheme) outlined here are subject to change up until the end of the first week of classes.
Students requiring accommodations as a result of a disability must contact the Centre for Accessible Learning (CAL) at 778-782-3112 or caladmin@sfu.ca.
***NO TUTORIALS DURING THE FIRST WEEK OF CLASSES***
Registrar Notes:
ACADEMIC INTEGRITY: YOUR WORK, YOUR SUCCESS
SFU’s Academic Integrity web site http://www.sfu.ca/students/academicintegrity.html is filled with information on what is meant by academic dishonesty, where you can find resources to help with your studies and the consequences of cheating. Check out the site for more information and videos that help explain the issues in plain English.
Each student is responsible for his or her conduct as it affects the University community. Academic dishonesty, in whatever form, is ultimately destructive of the values of the University. Furthermore, it is unfair and discouraging to the majority of students who pursue their studies honestly. Scholarly integrity is required of all members of the University. http://www.sfu.ca/policies/gazette/student/s10-01.html
TEACHING AT SFU IN SUMMER 2020
Please note that all teaching at SFU in summer term 2020 will be conducted through remote methods. Enrollment in this course acknowledges that remote study may entail different modes of learning, interaction with your instructor, and ways of getting feedback on your work than may be the case for in-person classes.Students with hidden or visible disabilities who believe they may need class or exam accommodations, including in the current context of remote learning, are encouraged to register with the SFU Centre for Accessible Learning (caladmin@sfu.ca or 778-782-3112) as soon as possible to ensure that they are eligible and that approved accommodations and services are implemented in a timely fashion.