Principles of Macroeconomics (with Xtra!)

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T HE U NIVERSITY OF T ORONTO AT S CARBOROUGH ECM B06 – Lec01 - 04 Macroeconomic Theory and Policy: A Mathematical Approach Spring 2008 Instructor Jack Parkinson Website: Office: MW-380 Email: [email protected] Tel: 287-7339 Office Hours: Mondays 11-1 pm, Tuesdays 9-10 am & Wednesdays 11-12 noon Class Lecture Section 01: Mondays & Wednesdays 1-2:30 pm in MW-160 Lecture Section 02: Mondays & Wednesdays 2:30-4 pm in MW-160 Lecture Section 03: Tuesdays & Thursdays 12-1:30 pm in MW-170 Lecture Section 04: Tuesdays & Thursdays 1:30-3 pm in MW-170 Required Text Macroeconomics: Canadian Edition (3 rd Edition, updated) , 2008. By Gregory Mankiw and William Scarth (Worth Publishers) Evaluation and Outline Two assignments (10% each): 20% Midterm Exam: 30% Final Exam: 50% Topics Covered Include: 1. National Income Accounting 2. The long run growth model 3. Aggregate Demand in a closed economy 4. Aggregate Supply 5. Equilibrium (Aggregate Supply and Aggregate Demand) 6. Once and for all price level changes versus inflation 7. Equilibrium in an open economy 8. Government budget deficits Comments Our term test and the final exam, will emphasize applied and theoretical macroeconomic problem solving rather than definitions or essays. Test questions will focus on lecture notes and assigned questions from the textbook. The course will cover much of the same topics as ECMB05H, but will
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