Syllabus for 2013 Fuentes

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    01:220:321:04 Spring 2013

    Intermediate Macroeconomics

    Course: Economics 321 (Section 04)

    Room: Murray Hall 213

    Time: Monday and Thursday, 11.30 am 12:50 pm

    Instructor: Prof. Cristina Fuentes-Albero415 New Jersey Hall, College Ave Campus

    [email protected] hours: Monday 2:30 4:30pm or by appointment

    Teaching assistant: Youngseok Park406 New Jersey Hall, College Ave Campus

    [email protected] hours: Wednesday, 2:00pm - 4:00pm, Thursday10:00am 11:00 am, or by appointment

    Prerequisites: Intro to Microeconomics (220:102), Intro to Macroeconomics (220:103),

    and Calculus I (640:135 or 640:151, or equivalent)

    Course Materials: The required textbook isMacroeconomics Policy and Practice (1stedition) by Frederic S. Mishkin.

    You are also required to enroll in MyEconLab, an on-line platform where problem sets

    will be assigned and graded. An access code for MyEconLab can be purchased eitherbundled together with the textbook or separately. Information on how to register can be

    found on the course Sakai site. Please register with MyEconLab within 48 hours of the

    first class. The MyEconLab course ID for your section is: !"#$%#&'()*#+,-./00.

    Registering for MyEconLab is mandatory. Assignments will be posted every week and

    can only be answered on line. You can access the site free of charge during a grace period(which lasts 17 days) but you must register to do so.

    Evaluation:

    Homework 30% Due online Thursday by 10:00 pmQuiz1 10% February 14 (in class, 10 minutes)

    Quiz 2 25% March 14 (in class, 75 minutes)Quiz 3

    Quiz 4

    25%

    10%

    April 18 (in class, 75 minutes)

    May 2 (in class, 10 minutes)

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    Missed examsare excused only for medical reasonsor emergencies, and only with anote from the Dean's office or a signed form from a physician's office. The student or

    someone acting on behalf of the student must notify the instructor within 24 hours afterthe missed exam

    The following is the correspondence between average percentage scores and letter grades

    that will be used for this class:

    Grade: A. Minimum average percentage score: 90%Grade: B+. Minimum average percentage score: 85%

    Grade: B. Minimum average percentage score: 75%Grade: C+. Minimum average percentage score: 65%

    Grade: C. Minimum average percentage score: 60%Grade: D. Minimum average percentage score: 55%

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    3(0**$* )$30-*$ 47 '((/$** 4% 0 709'(8 $9$%:$/38; 2($0*$ -*$ ,#$ #,,2*>??*'9*5%-,:$%*5$.-?**%0?,4 '/.'30,$ ,#$ .0,$ 0/. %$0*4/74% 84-% 0)*$/3$5 @/ $90'( '* 0-,490,'30((8 *$/, ,4 9$5

    Academic Integrity: Cheating will not be tolerated. The University has established

    severe penalties for cheating. The Universitys policy on academic integrity is found inthe official catalogue at http://academicintegrity.rutgers.edu/academic-integrity-at-rutgers

    Learning outcomes: This class analyzes general equilibrium models of a monetaryeconomy. Along the way, a student should gain a thorough understanding of the IS/LMmodel, the effect of monetary and fiscal policy on output and prices, the factors effecting

    economic growth, and issues related to the long-run solvency of the fiscal sector.

    Tentative Course outline: The outline below provides an overview of the topics we willcover and may be revised slightly over the course of the semester.

    Introduction: Chapters 1-2

    Macroeconomic basics: Chapters 3-4Quiz 1 (February 14)

    Macroeconomic basics: Chapter 5

    Economic growth: Chapter 6Business Cycles: Chapter 8-9

    Quiz 2 (March 14)

    Business Cycles: Chapters 10-13Finance and the Macroeconomy: Chapter 14

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    Quiz 3 (April 18)

    Finance and the Macroeconomy: Chapter 15Macroeconomic Policy: Chapter 16 and Chapter 20

    Quiz 4 (May 2)