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outline2hhw12_POSTED - McMaster University Department of...

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Unformatted text preview: McMaster University Department of Economics Economics 2HH3 Intermediate Macroeconomics II Sections C01 and C02 Winter 2012 Instructor: Marc-Andr´ e Letendre Kenneth Taylor Hall, Room 433 905-525-9140 x23817 [email protected] Office hours: Monday and Thursday 1:30-2:30 or by appointment Teaching Assistants: Office Hours Office Email Christopher Gunn See Avenue to Learn KTH 708 [email protected] Sabreena Obaid See Avenue to Learn KTH 210 [email protected] Course Description This course uses macroeconomic theory based on microeconomic theory to treat common topics encountered in macroeconomics. The course covers both theory and applications of the theory. At the end of this course, students will: • Understand how to use mathematical models to understand macroeconomic issues. • Understand how individual households make leisure, consumption and savings decisions to maximize their welfare. • Understand how firms make hiring and investment decisions to maximize their profits. • Understand how the joint behaviour of firms and households determines aggregate outcomes. • Understand the forces/shocks driving business cycles. • Have been initiated to models of endogenous growth. Course Content 1. Introduction (chapter 1) 2. Measurement Issues (chapters 2 and 3) 3. A One-Period Model of the Macroeconomy (chapters 4 and 5) 4. Endogenous growth (chapter 7) 5. Savings, government deficits, and Investment (chapters 8 and 9) 6. Money and Business Cycles (chapters 10 and 11) 7. Some of the topics from chapters 12, 15 and 16: Sticky-prices, Banking, Unemployment, and Inflation 1 Required Course Material • Stephen D. Williamson “Macroeconomics” third Canadian edition, 2010, Pearson Education Canada, Toronto, Ontario. • C. Shirvaikar and S.D. Williamson “Study guide for Macroeconomics 3rd can. ed., 2010, Pearson Education Canada, Toronto, Ontario. • The McMaster University standard calculator (the Casio FX-991) only is permitted for the tests and the final exam. • Two options: 1. For those who buy hard copies of the book and study guide, the bookstore will have book+guide bundles that sell for $159.95 new and $120 used. 2. There is an eTextbook edition of Williamson “Macroeconomics” third Canadian edition available from www.coursesmart.com. At the time of printing this electronic edition was priced at $59.99 for a 180 days subscription. For details, see http://www.coursesmart.com/9780321662118?__professorview=false There is no electronic version of the study guide. Students who purchase the eTextbook edition of the book can purchase hard copies of the study guide from the bookstore ($36 used, $48 new). Course web site In this course we will be using Avenue to Learn. Students should be aware that, when they access the electronic components of this course, private information such as first and last names, user names for the McMaster e-mail accounts, and program affiliation may become apparent to all other students in the same course. The available infor-accounts, and program affiliation may become apparent to all other students in the same course....
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outline2hhw12_POSTED - McMaster University Department of...

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