Course_Outline-Econ_202-Spring_2010__004 (1)

Course_Outline-Econ_202-Spring_2010__004 (1) - University...

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University of Waterloo Department of Economics Economics 202 - Macroeconomic Theory 1 - Section 004 Spring 2010 Instructor : Nafeez Fatima Office : HH 105 Phone: 519-888-4567, ext. 38771 E-mail Address: [email protected] Office Hours: Thursdays from 10.00 pm to 1.00 pm (Other times by appointment only) Lecture Hours: Mondays and Wednesdays from 4.00 pm to 5.20 pm in MC 2054 Course Objectives: This is the first course in macroeconomic theory sequence and provides an extension of the tools developed in Econ 102. The focus of this course is to understand the key macroeconomic variables such as GDP, inflation, unemployment rate, interest rate and exchange rate and how these variables are influenced by both monetary and fiscal policies of the government. The course will cover both short run fluctuations in the economy (business cycles) and long run trends (economic growth). The objective of this course is to present a full coverage of modern macroeconomic theories and develop basic models to analyze short run and long run phenomena for both closed and open economy. The questions of concern will include: Why are so many countries poor? What policies might help them to grow out of poverty? What causes recessions? Can the government do anything to combat recessions? Should it? What are the sources of economics booms and recessions? Why is there unemployment? What are the sources of inflation? And, how do government policies affect output, inflation and unemployment? We will discuss the standard analytical methods used in macroeconomics that address these issues and provide a rigorous treatment of macroeconomic theories. We will closely look at the underlying micro foundations of macroeconomic theories and emphasize on the role of expectations. The macroeconomic theories will be used to understand the workings of different economies of the world with special emphasis on Canadian economy. After completion of this course students will learn how these theoretical frameworks can be used to understand and interpret actual macroeconomic events. Prerequisites: Course Outline-Econ 202 1
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Required Textbook: Mankiw, Gregory N. and William Scarth. 2007. Macroeconomics, 3rd Canadian Edition . New York: Worth Publishers. Recommended Study Guide:
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Course_Outline-Econ_202-Spring_2010__004 (1) - University...

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