COURSE DESCRIPTION:
THE COURSE IS TO PROVIDE A THEORETICAL INTRODUCTION TO FOUNDATIONS OF DYNAMIC MACROECONOMICS, WITH AN EMPHASIS ON GROWTH MODEL. WE ALSO STUDY NATIONAL ACCOUNT, MONEY, INFLATION, UNEMPLOYMENT, CONSUMPTION, AND INVESTMENT.
TEXTBOOK: MACROECONOMICS BY GREGORY N. MANKIW, (ANY EDITION IS OK!)
GRADES:
HOME WORK 20%
MID-TERM EXAM 30%
FINAL EXAM 30%
TERM PAPER 20%
TERM PAPERS:
1. FINISH READING “THE BRICS’ PATH TO 2050: A DRAMATICALLY DIFFERENT GLOBAL ECONOMY (BY GOLDMAN SACHS, 2002)”. YOU CAN DOWNLOAD THIS PAPER ON INTERNET BY FREE.
2. APPLY THE MODEL THAT YOU HAVE LEARNED IN THIS CLASS TO ANALYZE AND DISCUSS THE ABOVE PAPER. THEN TERM IN A 5~10 PAGES TERM PAPER.

TOPICS:
CH 2 GROSS DOMESTIC PRODUCTION
CH 3 NATIONAL INCOME
CH 4 MONEY AND INFLATION
CH 5 THE OPEN ECONOMY
CH 6 UNEMPLOYMENT
MID-TERM EXAMINATION
CH7 GROWTH MODEL: CAPITAL AND LABOR
CH8 GROWTH MODEL: TECHNOLOGY.
FINAL EXAMINATION