Economic Analysis Macro
Курс "Экономический анализ. Макроэкономика" читается на втором курсе Университета Калифорнии в Беркли. Основными учебниками курса являются:
Dornbusch, Rudiger; Fischer, Stanley; and Startz, Richard. Macroeconomics. 8th edition. McGraw-Hill, Inc., 2001. и
DeLong, J. Bradford. Macroeconomics. 1st edition. McGraw-Hill, Inc., 2002
Требования курса: "Введение в Микроэкономику" и "Введение в Макроэкономику", курс
высшей математики на уровне 1 курса университета.
Основные темы курса: IS-LM, AD-AS, открытая макроэкономика, макроэкономическая политика.
Economic Analysis -- Macro
University of California, Berkeley
Professor Martha Olney
SYLLABUS -- ECONOMICS 100B ECONOMIC ANALYSIS -- MACROECONOMICS
In Economics 100B, we further develop the tools of macroeconomic analysis that were introduced in Economics 1. Topics include: measurement of aggregate output and income; long-run growth; a short-run (flexible-price) model of the composition of output; the short-run (sticky-price) model of fluctuations in output; the concepts of aggregate supply and aggregate demand; and economic policy.
Professor's Office Hours
Professor Martha Olney, 691 Evans Hall, 642-6083. E-mail: MOlney@econ.berkeley.edu
Drop-in: Tuesday, 3 - 4 p.m.; Thursday, 10:30-11:30 a.m. Other times by appointment.
Prerequisites: Economics 1 or PENR 1 (Introduction to Microeconomics and Macroeconomics) and Math 1A or 16A (one semester of college calculus).
Adding the Course
The department has eliminated the RCA Process (request for class admission). To add the course, use TeleBEARS. Before calling TeleBEARS, check the online schedule of classes to see which sections have space. Your chances are better if you choose a section that is underenrolled. If you are already on the waiting list but want to change your section choice, call TeleBEARS and use option 6, the change section option. Do not drop yourself from the wait list, or youll lose your place in line. Simply change sections using option 6. Information about enrollment procedures for economics courses is posted in on the Economics Department website. Select Courses & Seminars, then Enrollment Information.
Textbook and Other Reading Material (Available at ASUC and other
 DeLong, J. Bradford. Macroeconomics. 1st edition. McGraw-Hill, Inc., 2002.
 Economic Report of the President 2002. This will be published in February. It can be purchased at the ASUC Store, or accessed through http://w3.access.gpo.gov/usbudget/index.html. The pdf version of the 2001 version was available at http://w3.access.gpo.gov/usbudget/fy2002/pdf/2001_erp.pdf
 Regular reading of a first-rate newspaper or national news magazine (print or online version).
 Olney, Martha. Study Guide to Accompany Macroeconomics by J. B. DeLong. 1st edition. McGraw-Hill. 2002. The study guide is strongly recommended. Royalties earned from the sale of the study guide to Cal students will be donated to the Cal Alumni Achievement Award Program.
 McGraw Hill website associated with DeLong textbook.
Student Learning Center
We encourage you to use the services offered by the Student Learning Center, located in the César Chávez Student Center. The Student Learning Center offers study groups, individual tutoring, drop-in tutoring, and problem-solving workshops. Contact Tamara Springsteen at 643-7878 or firstname.lastname@example.org.
If you require special accommodations for exams and quizzes due to learning or other disability, you must speak with Professor Olney no later than February 5. You will eventually need to obtain the evaluation form from Disabled Students' Program (260 César Chávez Student Center).
Letter of Introduction
For your second section meeting, please write a one-page letter of introduction of yourself to your teaching assistant. Include your name and anything about yourself that you would like to share. This may be typed or handwritten. It will not be graded nor returned.
There are seventeen discussion sections. You must attend the section to which you were assigned by TeleBEARS as of Monday night January 21. If you do not attend section the first week, you will be removed from the class. To change section, go through TeleBEARS. (If you just you want to switch to the other section taught by your current T.A., skip TeleBEARS and just talk with your T.A.). Be sure to check the online schedule of classes for section locations, current enrollment, and length of the waitlist. Email addresses for T.A.s are on the course website. T.A. assignments are subject to change.
Responsibilities Mine and Yours and Requirements
My responsibilities are to come to class prepared; respond to and encourage questions and other appropriate class participation insofar as class size permits; oversee grading of problem sets, quizzes, and exams; be available during office hours and for scheduled appointments; and stimulate an enthusiasm for economics and for learning.
Your responsibilities are to attend and participate in lecture three hours per week; attend and participate in section two hours per week; complete the assigned readings in a timely manner (allowing time to re-read difficult chapters); participate in class and in section; complete all assignments on time; and take one quiz, two midterms, and a final examination.
Your course grade will be based on your performances on a comprehensive final (worth 200 points), two in-term exams (each worth 100 points), one quiz (worth 20 points), and four problem sets (each worth 20 points). You also have the option of writing a paper (10 points). Students taking the course under the P/NP option must earn at least a C- in order to pass the course. (But if you are taking this course to fulfill a requirement for the economics major, you can not take this course P/NP.) The share of each assignment in the total point score and the due dates are shown below.
Due Dates and Share of Total Points
|Problem Set #1
Problem Set #2
MIDTERM EXAMINATION #1
Problem Set #3
Problem Set #4
MIDTERM EXAMINATION #2
Wed 2/6 or Thurs 2/7
In Lecture: Thurs., 2/14, 8:10 - 8:30 a.m.
In Section: Wed 2/20 or Thurs 2/21
In Lecture: THURS, FEB. 28, 8:10-9:30 a.m.
In Section: Mon 3/18 or Tues 3/19
In Section: Wed 4/10 or Thurs 4/11
In Lecture: THURS, APRIL 18, 8:10-9:30 a.m.
[To Prof. Olney: Thurs 4/25, 8:10 a.m.]
SATURDAY, MAY 25, 8:00 - 11:00 a.m. Location t.b.a.
Regarding the Problem Sets and Optional Paper
There will be four problem sets during the term, due in section as shown above. Each problem set will be worth 20 points and will be graded by your teaching assistant. Late problem sets lose 4 points per day. Weekend days count. If your problem set is due on Thursday and you turn it in the following Tuesday, you will lose all 20 points for being late.
Problem sets must be handed directly to your teaching assistant. Problem sets should not be left in TA mailboxes. If your problem set disappears from the TA's box, you will receive a zero (0) on your problem set.
You are encouraged to form study groups for the purpose of learning the course material. BUT you cannot use those study groups to submit collective answers to the assigned problems. Doing so constitutes cheating. Copying problem set answers warrants a mark of zero (0) on the problem set. And it harms you in the long run because you will not learn the material.
One optional paper may be written during the term, due at the beginning of lecture on Thursday, April 25. The paper is worth 10 points and will be graded by Professor Olney. For the paper, you will select an article from a newspaper or news-magazine that addressees macroeconomic issues. Using the tools of analysis covered in this course, you should briefly (1-2 paragraphs) summarize the article, and then analyze and criticize the article. You should follow the guidelines for criticizing arguments that will be discussed in lecture on Thursday, January 31. You must critique the article and not merely summarize it. Your paper should be well-written and should reflect your knowledge of macroeconomic theory. You must use economic statistics from the Economic Report or other government documents to support your analysis.
Your paper should be 500 to 750 words (2½-3 typed pages), double-spaced,
with 1" margins on all sides, using nothing larger than a 12 point font
(no less than 10 characters per inch). You must attach the article to your
paper. Papers not meeting these specifications will not be graded. No
late papers will be accepted. If you do not earn at least 5 of the
10 possible points on your paper, you will lose 3 points.
Regarding the Exams
The midterm exams will be held on Thursday, February 28 and Thursday, April 18 during the 8:10 - 9:30 a.m. lecture period. Each midterm exam will be worth 100 points. Each exam will cover the material presented in lectures, section, and the assigned readings through and including the lecture before the exam. Each exam will be a closed book, closed note exam and will consist of several definition, short-answer, and problem questions. There will be no true/false or multiple choice questions. No calculators, laptops, beepers, phones, or other electronic devices allowed during exams.
The final examination will be on Saturday, May 25, 8:00 - 11:00 a.m. If you have or anticipate a conflict with the final exam, you should drop this course now and retake it another semester. Conflicts include nonrefundable tickets, military orders, and other commitments that require that you leave campus before May 25. Regardless of your grade going into the final exam, if you do not take the final you will receive an "F" in this course.
There are no scheduled make-up midterm exams. Students who miss a midterm for any reason must communicate with Professor Olney by e-mail or phone by noon on the day of the exam.
One quiz will be held. The quiz is worth 20 points and will be graded by your teaching assistant. The in-class quiz will be held in lecture on Thursday, February 14. The quiz begins at 8:10 a.m. and ends at 8:30 a.m. sharp (by Professor Olney's watch). If you are late, you still must finish by 8:30 a.m. If you miss class, you cannot take a make-up quiz, but will receive a score of 0. The quiz will contain a few very brief questions that test your understanding of definitions or ability to solve problems.
Exam answers are graded by your teaching assistant. Answers are graded
solely upon their content and not upon their intent. This means that we
don't grade what you "mean to say" but what you actually write (even if
you "knew the answer but just couldn't say it right"). This also means
that answers that are illegible, rambling, or poorly organized will not
receive high marks. Further, it means that merely completing all assignments
will not be sufficient to earn a high grade. Care is taken to insure uniformity
of grading standards across all discussion sections.
In fairness to students who put in an honest effort, cheaters will be treated harshly. Any evidence of cheating will result in a score of zero (0) on that assignment or exam. Cheating on the final will result in an F for the course. Incidences of cheating will be reported the Student Judicial Affairs, which may administer additional punishment. Cheating includes but is not limited to bringing notes or written materials into an exam or quiz, using notes or written materials during an exam or quiz, copying off another person's exam or quiz, allowing someone to copy off of your exam or quiz, and having someone take an exam or quiz for you. Plagiarism also constitutes cheating. Plagiarism includes appropriation of whole passages with or without credit, appropriation of words and phrases without credit, appropriation of both main and supporting ideas without credit, and paraphrasing without credit.
Fire Alarm Policy
A truly annoying bad habit is the pulling of fire alarms by ill-prepared and selfish students who foolishly think their entire future rests on the grade on one midterm. This is a felony crime, punishable by a fine and time in jail. In addition, anyone caught pulling the alarm will fail the course and is subject to expulsion from the University. If the alarm is pulled during an exam, the class will move outside and finish the exam in the allotted time.
Course Outline and Reading Assignments
The reading assignments are from the textbook (shown as "DeLong, Chapter . . "). Readings from the Economic Report of the President will be announced in late February. The material covered in this course is difficult. Students who regularly skip lecture are almost guaranteed to receive low marks in the class.
Tuesday, January 22 Administrative Concerns; Overview of Course; Review of Economics 1 Concepts
Thursday, January 24 Economic Problems and Issues; Short- and Long-Run;
READ: DeLong, Chapter 1
Tuesday, January 29 Macroeconomic Data: GDP Accounting;
READ: DeLong, Sections 2.1 and 2.6 of Chapter 2
Thursday, January 31 Economic Models: Circular Flow; Critical Thinking;
Some Math Tools
READ: DeLong, Chapter 3
II. LONG-RUN ISSUES
Tuesday, February 5 Neo-classical Growth Model (Solow Model); Cobb-Douglas Production Function; Capital to Labor and Output per Worker Ratios
READ: DeLong, Chapter 4
Thursday, February 7 Balanced-growth Steady-state Equilibrium; Changes
in Steady State
Prob Set #1 Due (W, Th)
REVIEW: DeLong, Chapter 4
Tuesday, February 12 Adding Government; Including Public & Human
Capital; Adding International
Thursday, February 14 Big Think Questions about Economic Growth
READ: DeLong, Chapter 5
III. SHORT-RUN ISSUES, WITH FLEXIBLE PRICES
Tuesday, February 19 Macroeconomic Data: Stock Market, Interest Rates, Inflation. Overview of Flexible Price Model
READ: DeLong, Sections 2.2, 2.3, and 2.4 of Chapter 2
Thursday, February 21 Building Blocks of Flexible Price Model: Consumption,
Investment, and Net Exports
Prob Set #2 Due (W, Th)
READ: DeLong, Chapter 6
Tuesday, February 26 Catch-up and Review
Thursday, Feb. 28 MIDTERM #1, in lecture
Tuesday, March 5 Flow of Funds; Equilibrium in the Flexible Price Model
READ: DeLong, Chapter 7
Thursday, March 7 Flexible-price Model, Continued
READ: Delong, Chapter 7
Tuesday, March 12 What Is Money; Determinants of Price and Inflation
in the Flexible-price Model
READ: Delong, Chapter 8
Thursday, March 14 Determinants of Price, Continued
READ: Delong, Chapter 8
IV. SHORT-RUN ISSUES, WITH STICKY PRICES
Tuesday, March 19 Macroeconomic Data: Unemployment; Introduction to Sticky-Price Model
Prob Set #3 Due (M,Tu)
READ: DeLong, Section 2.5 of Chapter 2; Chapter 9
Thursday, March 21 Income and expenditure; multiplier
READ: DeLong, Chapter 9
Tuesday, March 26 Spring Break
Thursday, March 28 Spring Break
Tuesday, April 2 Interest rates and investment; interest rates and net
READ: DeLong, Chapter 10
Thursday, April 4 The IS Curve
READ: DeLong, Chapter 10
Tuesday, April 9 The LM Curve
READ: DeLong, Chapter 11
Thursday, April 11 Exchange rates and net exports; Aggregate Demand;
Taylor Rule; Aggregate Supply
Prob Set #4 Due (W,Th)
READ: DeLong, Chapter 11
Tuesday, April 16 Catch-up and review
Thursday, April 18 MIDTERM #2, in lecture
Tuesday, April 23 Phillips Curve and AS; Monetary Policy Reaction Function
READ: DeLong, Chapter 12
Thursday, April 25 Natural rate of unemployment; inflation
Optional Paper Due
READ: DeLong, Chapter 12
Tuesday, April 30 Stabilization Policy
READ: DeLong, Chapter 13
Thursday, May 2 Government Deficits and Debt
READ: DeLong, Chapter 14
Tuesday, May 7 Government Policy: Education, Distribution
Read: Articles to Be Emailed
Thursday, May 9 International Economic Policy; Gold Standard
READ: DeLong, Chapter 15
Tuesday, May 14 Concluding Remarks
Saturday, May 25 FINAL EXAMINATION
8:00 - 11:00 a.m. PLACE: to be announced