ECON 302: Intermediate Macroeconomics Summer 2022
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Course Syllabus
ECON 302: Intermediate Macroeconomics
Summer 2022
Course Description:
This course provides you with theory and empirical data to understand how the overall economy functions and to assess associated policy questions. Prominent topics covered in this course include measures of the macroeconomy, economic growth and living standards in the long run, business cycle fluctuations and recessions, and monetary and fiscal policies.
The prerequisite for this course is ECON 202 (Principles of Macroeconomics).
Required Materials:
N. Gregory Mankiw. 2022. Macroeconomics, 11th Edition;
Achieve Essentials for Mankiw, Macroeconomics 11e.
You can purchase access to the textbook Achieve Essentials portal through this link.
Course Objectives:
After the completion of this course, students will be able to:
1) Explain such economic concepts as GDP, business cycles, inflation, unemployment, and economic growth.
2) Distinguish between fiscal and monetary policies.
3) Identify the tools of fiscal and monetary policies.
4) Analyze the effects of fiscal and monetary policies on economic growth.
5) Analyze current economic conditions in the US in the light of macroeconomic policies in effect.
6) Analyze money, interest rates, inflation, and inflation - unemployment relation.
7) Summarize functions and tools of the Federal Reserve System and compare it to the central bank in a selected country.
8) Interpret monetary policy implementation in the United States.
9) Assess a central bank’s functions and tools of a selected country.
10) Articulate their own critical thinking in a presentation.
Course Delivery and Structure:
1. For the first week of classes, we will have synchronous class meetings via Zoom on Monday, June 27th and on Wednesday, June 29 from 8 p.m. -- till 9:15 p.m. China Time.
2. During subsequent weeks, we will have synchronous class meetings via Zoom from 8 p.m. -- till 9:15 p.m. China Time on Tuesdays and Thursdays.
3. We will use Blackboard as the central hub for our class. Link to Achieve Essentials (assignments and the e-book), announcements, and grades will all be on Blackboard.
Blackboard Tutorials: https://www.fhsu.edu/learningtechnologies/BlackboardStudentTutorials/
4. Deadlines: Deadlines are listed in Achieve Essentials for each assignment.
Policies and Expectations:
1. Academic dishonesty in any form and to any degree will result in an automatic failure in the course.
2. FHSU Student Handbook describes the FHSU policies and procedures. (Some of these policies are available on the Blackboard page of your course).
3. Students with special needs should contact the Kelly Center. (Some of these policies are available on the Blackboard page of your course).
Course Outline and Schedule:
The due dates and times for the assignments (exams, projects, homework, etc.) are on Achieve Essentials Portal. The coverage for exams will be announced closer to the exam date.
Week/Day |
Topic |
Assignment/Meeting |
Week 1: Monday, June 27 – Sunday, July 3 |
Overview of the course: - Textbook and Achieve - Project - FRED Chapter 1: The Science of Macroeconomics Chapter 2: The Data of Macroeconomics
Classical Theory: The Economy in the Long Run Chapter 3: National Income: Where it Comes from and Where It Goes Chapter 4: The Monetary System: What it is and How it Works Chapter 5: Inflation: Its Causes, Effects, and Social Costs
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Monday, June 27, at 8 PM China time – Virtual class meeting via Zoom 1. Overview of the course: -- Achieve portal -- check assignments’ due time ● Orientation assignment ● Using Assessment Tools ● Math Review -- Course Project discussion -- FRED portal 2. Content: -- Chapter 1: The Science of Macroeconomics -- Chapter 2: The Data of Macroeconomics
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Tuesday, June 28 --
Homework -- Achieve Portal: Chapter 1: The Science of Macroeconomics Chapter 2: The Data of Macroeconomics Pay attention to details and deadlines! There are many assignments within each chapter.
Project: think about your project, start researching. Record your project topic selection in the GoogleDoc - due Wed at 8 p.m.
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Wednesday, June 29 at 8 PM China time -- Virtual Class meeting via Zoom -- Project discussion -- Chapter 3: National Income: Where it Comes from and Where It Goes
Homework - Achieve Portal: Chapter 3: National Income Accounting Pay attention to details and deadlines! There are many assignments within each chapter.
Project: Record your project topic selection in the GoogleDoc - due Wed at 8 p.m. Start researching and getting data for your selected topic.
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Thursday, July 30 – Homework - Achieve Portal: Chapter 4: The Monetary System
Pay attention to details and deadlines! There are many assignments within each chapter.
Project: start reading academic and professional articles related to your topic.
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Friday, July 1 -- Homework - Achieve Portal: Chapter 5: Inflation Pay attention to details and deadlines! There are many assignments within each chapter.
Project: start collecting data and select bibliography for your project.
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Saturday, July 2 -- Work on your Project |
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Sunday, July 3 -- Work on your Project |
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Week 2: Monday, July 4 -- Sunday, July 10 |
Chapter 7: Unemployment and the Labor Market
Growth Theory: The Economy in the Very Long Run
Chapter 8: Capital Accumulation as a Source of Growth Chapter 9: Population Growth and Technological Progress Chapter 10: Growth Empirics and Policy
Business Cycle Theory: The Economy in the Short Run
Chapter 11: Economic Fluctuations Chapter 12: Building IS-LM Model |
Monday, July 4 – work on your project and Achieve portal HW ----------------------------------------------------------------------------------- Tuesday, July 5 – Virtual class meeting via Zoom -- Chapter 4: The Monetary System: What it is and How it Works
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Wednesday, July 6 -- Homework - Achieve Portal Chapter 7: Unemployment and the Labor Market
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Thursday, July 7 -- Virtual class meeting via Zoom -- Chapter 5: Inflation: Its Causes, Effects, and Social Costs
Homework - Achieve Portal Chapter 8: Capital Accumulation as a Source of Growth
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Friday, July 8 -- Homework - Achieve Portal Chapter 9: Population Growth and Technology Chapter 10: Growth Empirics and Policy
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Saturday, July 9 -- Project |
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Sunday, July 10 -- Project |
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Week 3: Monday, July 11 -- Sunday, July 17 |
Business Cycle Theory: The Economy in the Short Run Chapter 11: Economic Fluctuations Chapter 12: Building IS-LM Model Chapter 13: Applying IS-LM Model Chapter 15: Phillips Curve
Midterm Exam |
Monday, July 11 – Project Homework - Achieve Portal Chapter 11: Economic Fluctuations |
Tuesday, July 12 – Virtual class meeting via Zoom -- Chapter 7: - Unemployment and the Labor Market
Homework - Achieve Portal Chapter 12: Building IS-LM Model
Midterm Exam opens on Blackboard at 9:30 p.m. China Time on Tuesday (after class session). Midterm Exam coverage - Chapters 1, 2, 3, 4, 5, 7, 8, 9, 10. Midterm Exam is due at 11:59 p.m. China Time on Friday.
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Wednesday, July 13 -- Homework - Achieve Portal Chapter 13: Applying IS-LM Model
Work on the Midterm Exam
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Thursday, July 14 -- Virtual class meeting via Zoom -- Chapters 8, 9, and 10: Economic Growth
Work on the Midterm Exam
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Friday, July 15 -- Midterm Exam is due.
Midterm Exam is due at 11:59 p.m. China Time on Friday.
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Saturday, July 16 -- Project |
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Sunday, July 17 -- Project |
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Week 4: Monday, July 18 -- Sunday, July 24 |
Macroeconomic Policy
Chapter 17: Stabilization Policy Chapter 18: Government Debt and Budget Deficits Chapter 19: Financial System
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Monday, July 18 – Homework - Achieve Portal Chapter 15: Phillips Curve
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Tuesday, July 19 -- Virtual class meeting via Zoom -- Chapters 11, 12, 13, and 15: Business Cycle Theory
Homework - Achieve Portal Chapter 17: Stabilization Policy
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Wednesday, July 20 -- Homework - Achieve Portal Chapter 18: Government Debt and Budget Deficits
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Thursday, July 21 -- Virtual class meeting via Zoom -- Chapters 17, 18, and 19: Macroeconomic Policy
Homework - Achieve Portal Chapter 19: Financial System
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Friday, July 22 – Project |
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Saturday, July 23 -- Project |
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Sunday, July 24 -- Project The Project Report is due on Sunday, July 24 at 11:59 p.m. China Time. |
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Week 5: Monday, July 25 – Friday, July 29 |
Students’ Projects Presentations
Final Exam |
Monday, July 25 – Homework - Achieve Portal Review as the aid for the Final Exam.
Final Exam opens on Blackboard at 9:30 p.m. China Time on Monday. Final Exam coverage - Chapters 11, 12, 13, 15, 17, 18, 19. Final Exam is due at 11:59 p.m. China Time on Thursday.
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Tuesday, July 26 -- Virtual class meeting via Zoom Project Presentations
Homework - Achieve Portal Work on the Final Exam
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Wednesday, July 27 –
Homework - Achieve Portal Work on the Final Exam
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Thursday, July 28 – Virtual class meeting via Zoom Project Presentations Course wrap-up -- what have we learned?
Final Exam is due tomorrow at NOON China Time.
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Friday, July 29 -- Finish up the Final Exam. Final Exam is due at NOON China Time on Friday via BB.
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2022-07-13