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Unformatted text preview: Intermediate Macroeconomic Analysis 1 Summer I- 2010 Department of Economics University of Maryland Economics 325 (Section 0101) Intermediate Macroeconomic Analysis Syllabus Professor Orhan Torul Summer I 2010 Lectures: Monday and Wednesday, 6:00pm-9:20pm, Tydings Hall (TYD) 1132 E-mail address: firstname.lastname@example.org Course website: Blackboard ( http://elms.umd.edu ) Office Hours: Monday and Wednesday 5:00pm-6:00pm and by appointment in Morrill Hall 0101 (Telephone: x53547) Course Objectives: The main objective of the course is to study the foundations of modern macroeconomic theory by invoking the principles of microeconomic theory, and analyze a variety of macroeconomic issues within the framework we develop. Our key focus will be on understanding optimal decision-making at individual, firm and government levels. Throughout, the emphasis will be on theoretical and logical rigor and policy applications. Prerequisite: Economics 300 ( Methods and Tools for Economic Analysis ) with a final grade of C or higher. Economics 325 is for economics majors only; the parallel course for non-majors is Economics 305. Textbooks: The primary texts for the course will be a set of lecture notes by Prof. Sanjay Chugh ( A Short Course in Representative-Agent Macroeconomics) , which I will provide via Blackboard website. I will also provide you with a set of notes that reviews basic concepts from introductory macroeconomics. In addition, a few topics will be developed through additional notes and readings provided. Some students may find a useful supplement the text Macroeconomics (4th edition, February 2010; the 2 nd and 3 rd editions are also fine, as well) by Stephen Williamson. This text covers material at a similar level, but does not cover all of the topics that we will cover in this course. For interested students, I can offer some guidance as to what sections of this text are the most appropriate for exploring in more depth the topics we cover. Note that this latter text is not required reading, yet recommended. Intermediate Macroeconomic Analysis 2 Summer I- 2010 Grading: The final grade will be based on five problem sets (each worth 5% of your final course grade), quizzes (worth 5% of your final grade), a midterm exam (worth 30% of your final course grade) and a cumulative final exam (worth 40% of your final course grade). Problem Sets: Problem sets will be given on Wednesday of each week, and are to be turned in at the beginning of class next Monday. Late problem sets will not be accepted....
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- Spring '11