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Intermediate Macroeconomics Theory I

AP/ECON 2400 E – Fall 2021

Forum for Q&A

In addition to the TA office hours, I have set up a forum in eClass for you to ask questions. I will provide feedbacks and answers to your questions. Since this question-and-answer forum is visible to all students who enrol in the course, if a student has a question, other students could make comments. Make sure that your comments are polite and respectful. If I find any comments that use inappropriate language, I will not only delete the comments from the forum, but I might ban the student who makes such comments from the forum. If you have personal questions that you do not find comfortable to raise in the forum, you could send me an email instead.

Organization

In this course, we will be using eClass for posting course materials (including pre-recorded online lectures, presentation slides to facilitate online lectures, practice problem sets and solutions, case studies with solutions, practice exams and solutions, etc.) and for holding online eClass- based exams. Thus, having stable, higher-speed Internet connection is important to learn the materials and take the online exams for this course. In addition, for some questions in the online exams, you will need to upload files of your handwritten answers. Thus, having photo-taking device or scanner is essential for taking the online exams

Lecture Hours

Tuesday and Thursday 10-11:30am (Pre-recorded lectures).

Please note that this is a course that depends on remote teaching and learning. There will be no in-person interactions or activities on campus. The official class meeting time is Tuesday and Thursday 10-11:30am. Tests will take place during the scheduled official class meeting time. Although online lectures are pre-recorded and you could learn the course materials at your own pace, there is a correspondence between the various lecture clips and the official meeting dates and times by which you are supposed to learn the materials, as detailed in the schedule ofreadings and activities below.

Course description

This course aims at equipping students with basic tools to use economic theory in analyzing important macroeconomic issues. We shall discuss topics such as measurement of macroeconomic data, aggregate production and spending in macroeconomics, national savings, investment and net exports, interest rate and exchange rate behaviours in the long run, and economic growth.

Prerequisites

Prerequisite: AP/ECON 1000 3.00, AP/ECON 1010 3.00, and AP/ECON

1530 3.00, or equivalents. Prerequisite or corequisite: AP/ECON 1540 3.00. Course credit exclusions: GL/ECON 3240 6.00 (prior to Fall 2014), SB/ECON 2000 3.00.

Textbook

Mankiw and Scarth, “Macroeconomics” 6th Canadian edition

Topics covered

We shall cover Ch. 1 (introduction), 2 (macroeconomics variables and measurements), 3 (classical model of the LR closed economy), 6 (classical model of the LR small open economy), 8-9 (economic growth and the Solow growth model).

You should note that although I use the textbook as the basis for the topics

we are discussing for the course, I will also cover some materials that are relevant for the understanding of the various topics but are not covered in the textbook. Roughly about 30% of the course materials will be my own materials (covered in the online pre-recorded lectures) that provide you with

a fuller understanding of the topics that correspond to the various chapters of the textbook readings. Therefore, in order to learn the course materials, it is imperative that you do not only read the textbook but also attend all the online pre-recorded lectures and understand the materials there.

The lectures will be delivered through pre-recorded online lecture clips. Presentation slides will be posted to facilitate the online recorded lectures. These presentation slides are NOT meant to be self-sufficient, but should be considered an aid to facilitate the online lectures. During the online recorded lectures, I will show you more detailed analyses with additional handwritten slides that are NOT included in the posted presentation slides.

Evaluation

Online Test 1 (Sept 30, 2021, Thursday, 10-11:30am)

Online Test 2 (Nov 2, 2021, Tuesday, 10-11:30am)

Online Final Exam (TBA during final exam period cumulative)

20% 20% 60%

Test 1 and Test 2 will take place during class time REMOTELY via eClass. There will be no make-up exam for these tests. Ifyou miss the test(s) for any reason, the weight will be transferred to the final. Each online exam will consist of both multiple choice (MC) questions and problem-solving question(s) that you have to fill in your answers or upload files of your handwritten answers to the corresponding questions.