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ECO 5302

Macroeconomics
Fall 2005

Chu-Ping C. Vijverberg Class hours: Wed 2:00:4:45 PM


GR 3.820 (SOM 2901) Office hours: Mon & Wed 11:00-12:00, Appt.
Phone: 972-883-4556
e-mail: chu-ping.vijverberg@utdallas.edu

This course is the first of a two-semester graduate level study of the theory of macroeconomics. The objective of
this course is to introduce the fundamental concepts of macroeconomic analysis. In addition to advanced
materials, some intermediate topics are incorporated at a rigorous level. The goal is to understand these materials
graphically, intuitively, and mathematically.

- Students are assumed to have taken Calculus.


- Forming a study group is encouraged.
- Any student misses a class should manage to get the class notes from his or her fellow students.

Grading Procedure:
The grade for this course depends on the student's performance in the following:
(1) 30% First Mid-term, September 21, 2005
(2) 30% Second Mid-term, October 26, 2005
(3) 30% Final exam, November 30, 2005
(4) 10% Others: Homework, Attendance, etc.

- If the answers of any homework are more than one page, homework should be stapled. Unstapled
homework will not be graded.
- Except for the exam schedule, the following course outline may be changed according to the need of
the class perceived by the instructor.
- If the University is closed, e.g. due to bad weather, any scheduled mid-term exam will be delayed to
the next class period automatically and final exam will be delayed to the next day.

RequiredTexts:
Mankiw, Gregory, Macroeconomics, 5th ed.
Romer, David, Macroeconomics, 2nd ed.
Notes of Dr. Ronald Balvers.

Tentative course outline:


The following outlines the topics that will be covered. The last three topics may be revised according to the need
of the class. Readings may still be added.

August 24: Introduction, Methodology and Model Building.

August 31: Long-run Fundamentals: Economic Growth.

September 7: Long-run Fundamentals: Economic Growth.

September 14: The Classical Model

September 21: First Mid-Term


September 28: The Classical Model and the Keynesian Model

October 5: The Keynesian Model with Fixed Prices

October 12: The Wealth Effect and Special Cases

October 19: The Phillips Curve and Rational Expectation

October 26: Second Mid-Term

November 2: Real Business Cycle Model

November 9: Consumption and Dynamic Consumption Model

November 16: Investment and Dynamic Investment Models

November 23: Unemployment

November 30: Final Exam

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