ECON 305
Intermediate Macroeconomic Theory
- Catalog Entry
Economics 305. Intermediate Macroeconomic Theory
Three Hours Lecture (3).
Prerequisite: Economics 105 and 106 and junior or senior standing.
Semester offered: Spring
Analyzes the intersectorial determination of national income and employment and the general price level.
- Detailed Description of Content of the Course
Students will examine the intersectorial relationships of economics in the determination of national income, employment, and the general price level.
Topic Outline
1. The Record of the American Economy
2. The Measurement of Economic Activity
3. The Level of Economic Activity
4. Government and the Level of Economic Activity
5. Interest and Money
6. General Equilibrium of the Product and Money Markets
7. The Level of Employment and The General Price Level
- Detailed Description of Conduct of the Course
The following teaching strategies will be employed:
- Lectures and discussions.
- Goals and Objectives of the Course
1. Discuss the record of the American economy.
2. Examine the measurement of economic activity. Discuss the national income accounts.
3. Review the level of economic activity. Explore simple income determination, consumption, investment, multipliers.
4. Discuss government fiscal policy, government spending, and tax multipliers.
5. Explore the characteristics of demand for money and the supply for money.
6. Discuss the monetary effects of fiscal policies.
7. Examine IS and LM functions and shifts in IS and LM functions.
8. Discuss the characteristics in real versus monetary changes.
9. Explore full employment vis-a-vis non-full employment equilibria.
10. Examine interest rate and investment mechanisms.
11. Discuss money wages, real wages, money illusion, and employment.
12. Examine real and money rate of interest.
13. Discuss monetary and fiscal policies.
- Assessment Measures
Tests, homework, reports, presentations, class participation. Grades and percentages depend on individual professors.
- Other Course Information
- Review and Approval
Date Action Reviewed by
December 2004 Made alterations to syllabus N. Hashemzadeh, Chair |