Department of Economics
Economics 473-001: Intermediate Macroeconomic Theory (Fall
2009)
Course Time and Place: MWF 11:30-12:35 & NH-350
Instructor: Hiro
Ito, Associate Professor of
Economics
Office: Cramer Hall 241-F
Email: ito@pdx.edu
Phone: x5 – 3930
Office
Hours: MW
10:30-11:30, or by appointment
The course syllabus (PDF) is available here.
Lecture notes:
Course Material
The required textbook for this course is:
Blanchard, Olivier. Macroeconomics
5th or 4th Edition (Prentice-Hall, 2008)
This textbook is available at PSU’s
Bookstore http://www.psubookstore.com/Textbooks/index.html
.
Previous editions are acceptable. However, keep in mind that
the page numbers may not be the same.
If you want to brush up on your knowledge of principle
macroeconomics, you may refer to
Baumol, William J. and Alan S. Blinder, Macroeconomics: Principles and Policy,
10th edition (or any earlier edition). This textbook is available at PSU
library.
Other reading materials such as journal and magazine articles are
occasionally distributed in class or available on this page.
It is suggested that students develop the habit of reading
newspapers and journals such as The NY Times, The Financial Times, and The Economist.
Class
schedule and reading assignments
Important Dates
Oct. 16 (Fri.) Mini
exam I (60
minutes, multiple choice questions; The test will be held in the second half of the class)
Oct. 30 (Fri.) Midterm
exam (70
minutes)
Nov. 20 (Fri.) Mini
exam II (60
minutes, multiple choice questions; The test will be held
in the second half of the class)
Dec. 10 (Thus.) Final exam (90 minutes;
comprehensive), 12:30
– 14:20(!!)
Lecture schedule
|
WEEKS |
Chapters |
TOPICS |
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Week 1 |
1-2 |
Intro.; National income accounting; definitions |
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Week 2 |
3&4 |
Goods market and financial markets |
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Week 3 |
5 |
IS-LM |
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Oct. 16, Fri. |
Mini Exam I: Ch. 1-4 |
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Week 4 |
5, 6 |
IS-LM, continued; Labor market |
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7 |
AS-AD |
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Week 5 |
8 |
The natural rate of unemployment and the Phillips Curve |
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October 30, Fri. |
Midterm exam: Ch. 1-7, |
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Week 6 |
8, 9 |
The Phillips Curve (continued); Inflation, activity and nominal money
growth |
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10, 11 |
Economic growth; Saving, capital accumulation, and output |
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Week 7 |
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November 11, Wed. |
No Class: Veterans Day |
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11, 12 |
Technological progress and growth |
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Week 8 |
12, 14 |
Technological progress and growth (con’t);
Basics of expectations |
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November 20, Fri. |
Mini exam II: Ch. 8-12 |
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Week 9 |
15 |
Financial markets & expectations |
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November 27, Fri. |
No Class – Happy Thanksgiving!! |
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Week 10 |
16&17 |
Consumption and Investment; Expectations, Output, and Policy |
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Dec. 10,
Thursday NH 350 (same
as regular class) |
12:30 – 14:20 |
Final exam: Comprehensive, i.e., accumulative |
October 5, 2009