Course Outline - Department of Economics - York University
Course Outline - Department of Economics - York University
Course Outline - Department of Economics - York University
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
<strong>York</strong> <strong>University</strong>Faculty <strong>of</strong> Liberal Arts & Pr<strong>of</strong>essional Studies<strong>Department</strong> <strong>of</strong> <strong>Economics</strong><strong>Course</strong> Name and TermAP/ECON 2400M Intermediate Macroeconomic Theory I - Winter 2011.Pre-requisitesAP/ECON 1010, AP/ECON 1010, AP/ECON 1530, and AP/ECON 1540.<strong>Course</strong> Webpagehttp://dept.econ.yorku.ca/akyol/2400MWinter11.html.<strong>Course</strong> InstructorAhmet Akyol.Office: Vari Hall 1050. Phone: (416)736–2100 ext.77044.Email: aakyol@econ.yorku.ca.Lecture Hours & Location: T & R 5:30-7:00pm, R - S137.Office Hours: T & R 2:30pm–3:30pm.Teaching Assistant: TBAOffice: TBAEmail: TBAOffice Hours: TBA.Extended <strong>Course</strong> DescriptionThe purpose <strong>of</strong> this course is to introduce you to theoretical foundations <strong>of</strong> macroeconomics.Based on theoretical foundations, we will study the effects <strong>of</strong> fiscal policies, and changes inproductivity on national income and economic growth. Our approach to reach these goalswill be model-based. There will be a lot <strong>of</strong> emphasis on the tools to analyze topics, and notso much on the institutional details. This approach will allow you to adjust the models youlearn as institutions are not constant over time or across different countries. Furthermore,1
you can also use these tools in other economics courses (e.g. monetary economics, publicfinance or labour economics.)Required TextbookWilliamson, Stephen D., Macroeconomics, 3rd Canadian Edition, Addison Wesley, 2010.EvaluationThere will be a midterm and a final exam. The midterm will be held on February 15. Thefinal exam will cover all material discussed in class.The date <strong>of</strong> the final exam will bedetermined by the Registrar’s Office. Let your scores on the midterm and final exam be mand f respectively. Your grade will be based on the following formula:max{0.3m + 0.7f, f}.Rules on Grading, Missed Tests and Exams1. There will be no make-up exam for the midterm exam. If you miss the midterm testfor any reason, your final exam will have a weight <strong>of</strong> 100% <strong>of</strong> your grade.2. The grades may be scaled to conform with the regulations <strong>of</strong> the Faculty <strong>of</strong> LiberalArts & Pr<strong>of</strong>essional Studies. (For example, 79% is a B+, not an A.)3. I do not consider requests for deferred standing; in case you miss the final exam anda valid excuse, you must file a petition with the relevant Faculty–level committee forconsideration within the deadline. The <strong>Economics</strong> <strong>Department</strong>’s guidelines on deferredstanding is available at: http://dept.econ.yorku.ca/undergraduate/index.htmlTopics:1. Introduction and Measurement Issues:(a) Chapter 1 – Introduction.(b) Chapter 2 – Measurement.(c) Chapter 3 – Business Cycle Measurement.2. A One Period Model <strong>of</strong> the Macroeconomy:2
(a) Chapter 4 – Consumer and Firm Behavior: The Work-Leisure Decision and Pr<strong>of</strong>itMaximization.(b) Chapter 5 – A Closed-Economy One-Period Macroeconomic Model.3. Economic Growth:(a) Chapter 6 – Economic Growth: Malthus and Solow.(b) Chapter 7 – Income Disparity among Countries and Endogenous Growth.Note on Academic Honesty:Conduct that violates the ethical or legal standards <strong>of</strong> the university community or <strong>of</strong> one’sprogramme or specialization, may result in serious consequences. You are encouraged t<strong>of</strong>amiliarize yourself with this Senate legislation located in:http://www.yorku.ca/secretariat/senate cte main pages/ccas.htm3
Change language