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Course title |
Macroeconomics (2) |
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Semester |
112-2 |
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Designated for |
DEPARTMENT OF ECONOMICS |
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Instructor |
CHEUK SHING LEUNG |
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Curriculum Number |
ECON2021 |
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Curriculum Identity Number |
303E20022 |
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Class |
03 |
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Credits |
3.0 |
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Full/Half
Yr. |
Full |
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Required/
Elective |
Required |
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Time |
Thursday 2,3,4(9:10~12:10) |
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Remarks |
The upper limit of the number of students: 100. |
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Course introduction video |
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Table of Core Capabilities and Curriculum Planning |
Table of Core Capabilities and Curriculum Planning |
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Course Syllabus
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Please respect the intellectual property rights of others and do not copy any of the course information without permission
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Course Description |
This course provides an in-depth exploration of macroeconomic principles, focusing on inflation, interest rates, taxation, inequality, welfare, real estate economics, and dynamic optimization. Through a combination of lectures, discussions, and practical exercises, students will gain a comprehensive understanding of how macroeconomic factors influence the economy at large. This course is designed for students with a foundational knowledge of economics who wish to delve deeper into macroeconomic theory and its applications. |
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Course Objective |
- Understand the mechanisms and implications of inflation and interest rates.
- Analyze the principles of optimal taxation and its impact on the economy.
- Examine the causes and consequences of economic inequality and the role of welfare.
- Explore the dynamics of real estate markets and their significance in the economy.
- Master the fundamentals of dynamic optimization and its applications in economic modeling. |
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Course Requirement |
Basic Calculus |
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Student Workload (Expected weekly study hours before and/or after class) |
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Office Hours |
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Designated reading |
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References |
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Grading |
- NTU recommends an upper limit of 20% for A+ grades. This is not a mandatory requirement. Instructors may adjust the percentage based on course requirements. Instructors teaching required courses are particularly encouraged to follow this guideline.
- NTU uses a letter grade system for assessment. The grade percentage ranges and the single-subject grade conversion table in the NATIONAL TAIWAN UNIVERSITY Regulations Governing Academic Grading are for reference only. Instructors may adjust the percentage ranges according to the grade definitions. For more information, see the Assessment for Learning Section.
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Week |
Date |
Topic |
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Week 1 |
2/22 |
Course Introduction and Syllabus Overview
- Macroeconomics and Collective Behaviour |
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Week 2 |
2/29 |
Inflation
- Measuring Inflation: Consumer Price Index (CPI) and Producer Price Index (PPI)
- Causes and Consequences of Inflation
- Hyperinflation and Deflation: Understanding extreme economic conditions |
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Week 3 |
3/7 |
Interest Rates
- Borrowing Costs and Savings Incentives
- Inflation Control |
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Week 4 |
3/14 |
Real Estate Economics
- Factors influencing demand and supply
- The impact of interest rates on real estate |
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Week 5 |
3/21 |
Inequality
- Gini Coefficient and Lorenz Curve |
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Week 6 |
3/28 |
The first mid-term exam |
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Week 7 |
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Pareto Distribution
Thomas Piketty's arguments on the cause of wealth inequality |
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Week 8 |
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Welfare Economics
- Social welfare function |
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Week 9 |
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Optimal linear income taxation I |
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Week 10 |
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Optimal linear income taxation II |
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Week 11 |
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Theory of Progressive Income Taxation I |
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Week 12 |
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Theory of Progressive Income Taxation II |
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Week 13 |
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Dynamic Optimization I
- Fundamental concepts and techniques in dynamic optimization |
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Week 14 |
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Dynamic Optimization II
- Introduction to solving basic dynamic optimization problems |
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Week 15 |
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Final Exam |