3102_Syllabus-2 - University of Minnesota Department of...

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University of Minnesota Department of Economics Summer 2008 Econ 3102 : Intermediate Macroeconomics Lecture: MTWThF, 11:00 – 1:00pm; Blegen Hall 240 June, 16 July, 3 Instructor: Mingyi Kang Office: Hanson Hall 3-105 Office phone: 612.624.9345 Office hours: Fri 1:30pm-4:00pm, or by appointment E-mail: mingyi@econ.umn.edu Website: http://www.econ.umn.edu/~mingyi E-mail is the best way to reach me. Please allow up to 24 hours for a reply. July, 7 July, 25 Instructor: Justin Barnette Office: Hanson Hall 3-141 Office phone: 612.624.6084 Office hours: to be announced E-mail: barnette@econ.umn.edu Website: to be announced 1 Course description The purpose of Econ 3102 is to provide a formal exposition of modern macroeconomics. I will start building up from what you learned in Econ 1102 and expand it; yet, the analysis will be done in a rigorous way. For this reason, the tools you’ve learned in Econ 3101 will prove useful (I’ll do a small review before using them); even though this is not a microeconomics course, you need to be sure why things happen and to keep a clear idea of what’s going on behind all the results we get. In the end, both graphical and mathematical analysis will be used for the exposition. Up to now, there is no “defnite” approach to teaching an intermediate macroeconomics course. While you should be familiar with the Keynesian model (most likely this was what you learned in Econ 1102), I’ll present both the Keynesian and the Real Business Cycle (RBC) frameworks in the course, with an emphasis on the latter. The reason is simply that the RBC model is the workhorse of modern macroeconomics (at the research frontier). Last, but not least, an added goal of the course is to test important theoretical results on real-world data and examples. I think that any Macroeconomics course should balance a strong theoretical background and empirical analysis. Get ready to crunch some data. 2 Prerequisites Class prerequisites are Econ 1101, 1102, 3101 and Math 1271 (or equivalents). I will assume that you are comfortable with macroeconomic concepts at the level of Econ 1102 (say, definitions, ideas, methods) and build upon them as I present the material; also, I will be constantly using results you learned in 3101, such as the utility maximization problem and its related topics (i.e., income and substitution effects, intertemporal choice, labor supply, etc.). In regards to math, I will take as granted that you know how to work with calculus (derivatives and general optimization); although the course will not be math-based, I will be using
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This note was uploaded on 08/31/2011 for the course STAT 3101 taught by Professor Erick during the Spring '11 term at Minnesota.

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3102_Syllabus-2 - University of Minnesota Department of...

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