Macro Theory Syllabus & Outline

Macro Theory Syllabus & Outline - Macroeconomic Theory...

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Macroeconomic Theory, Spring 2016 33310 ECO 320L The University of Texas at Austin, Department of Economics Schedule and Location: Tuesdays and Thursdays 3:30 pm – 5:00 pm WAG 101 Professor: Tara M. Sinclair Office: Bernard and Audre Rapoport Building (BRB) 2.102D Office Hours: Tuesdays 5:00 pm – 6:00 pm Thursdays 12:45 pm – 1:45 pm and as announced in class and on Canvas. Appointments booked in 15 minute blocks are also available. Mutually agreeable times are arranged via email. How to Contact Me: You can reach me most easily by e-mail. My e-mail address is [email protected] . Teaching Assistants: Daniel Osuna Gomez and Chan Yu. TA contact info, office hours and locations will be provided in class and on Canvas. Required Text: Macroeconomics by Andrew B. Abel and Ben S. Bernanke (and Dean Croushore for later editions). You can get any edition from the 5 th edition on. We will not be using the MyEconLab so there is no need for you to purchase that option with the book. Course Web Site: I will regularly use the Canvas site for the course ( http://canvas.utexas.edu/ ). Please check there for handouts, announcements, and for updated grades. Prerequisites : Economics 420K Microeconomic Theory (and all of its prerequisites) . Course Description: Theory of the determination of national income, employment, and the price level, with policy implications. The purpose of this course is to further students' understanding of the central ideas of macroeconomics. We will study long-run economic growth and short-run economic fluctuations. Once we have a basic understanding of these phenomena, we will discuss the main macroeconomic tools of the government, fiscal policy and monetary policy. By the end of the semester, students should be able to critically read articles on current economic issues that appear in publications such as The New York Times , The Wall Street Journal , and The Economist . Learning Outcomes: This course will provide a broadening and deepening of your understanding of macroeconomic theory and policy. After this course you will be able to produce basic theoretical analysis of macroeconomic phenomena such as changes in national income, inflation, unemployment, or interest rates. You will also be able to evaluate macroeconomic policies in light of the theoretical models you will learn. Attendance: Lecture attendance is very important to success in this course. The textbook is very useful, but by far the main source of information in the class will be in the lectures. Exams will be based primarily on lecture notes. Some of this material is not covered in the textbook. It is also important to arrive to class on-time. It is very disruptive to come to class late, and I will not review material covered earlier in the class for late-arrivers.
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