<p> Econ 210D: Intermediate Macroeconomics Duke University, Summer 2016</p><p>Class: M-F 9:30-10:45 AM Soc Psy 129 Discussion: W 6:00-8:05 PM Soc Psy 129</p><p>Final Exam: Thursday, June 30th 9:00 AM- Noon</p><p>Instructor: Christopher Roark Email: [email protected] Office Hours: Will discuss first day of class</p><p>Text: Barro Robert. Macroeconomics. Fifth Edition. Cambridge, Massachusetts, The MIT Press.(1997)</p><p>Prerequisites: 1.) Economics 201D 2.) Economics 205D (or as a co-requisite at your own risk) 3.) Mathematics 202, 212 or 222 </p><p>No Open Computers in Class</p><p>Course Description: Intermediate level treatment of macroeconomic models, fiscal and monetary policy, inflation, unemployment, economic growth with a focus on micro-founded models.</p><p>Course Objectives: The purpose of this course is to give you a fundamental understanding of modern micro-founded macroeconomic models. By the end of this course you should be able to: 1.) Describe the basic principles of Macroeconomics 2.) Analyze economic data and describe with an appropriate model 3.) Judge statements made by economists and policy makers at least at a basic level. 4.) Analyze theoretical models at a basic level.</p><p>Grading Scheme: Problem Sets (≈5): 10% Midterm: 40% (25% if better on Final) Final: 50% (65% if better on Final)</p><p>1 Honor Code: </p><p>All students should abide by the Duke University Community Standard. :</p><p> I will not lie, cheat, or steal in my academic endeavors;  I will conduct myself honorably in all my endeavors; and  I will act if the Standard is compromised.</p><p>I will not hesitate to report any academic dishonesty to the University Administration. This includes incidences of plagiarism in the final paper.</p><p>Disability Statement</p><p>Students with disabilities who believe that they may need accommodations in the class are encouraged to contact the Student Disabilities Access Office at 919.668.1267 or [email protected] as soon as possible to better ensure that such accommodations are implemented in a timely fashion.</p><p>Preferred Contact</p><p>Please contact me via email ([email protected]) with any questions or comments. I should respond within 24 hours of receiving your email. </p><p>Classroom Policies</p><p>I will not offer a makeup midterm, if you have a University approved excused absence the problem sets will count for 30% of your grade and the Final will count for 70% of your grade.</p><p>If you do better on the Final Exam than the Midterm, the Final will count for 65% of your grade and the Midterm will count for 25% of your grade. I will always use your best score to determine the class distribution and the course grade.</p><p>I will only regrade exams taken in pen. These requests must be typed and returned within two days of receiving the midterm exam back. You need to explain why you think a certain question is incorrectly graded. If you do ask for a regrade I will regrade the entire exam and your grade can go up or down accordingly. </p><p>Problem Sets will be due at the beginning of each discussion section on Wednesday. I will post problem sets on each Friday on Sakai. They will also be returned in the next discussion section. I do not mind if you work together on problem sets however each individual must turn in a separate problem set for me to grade. I will not give you help on problem sets until after they are due. I don’t mind clarifying questions but I’ll only be hurting you if I tell you exactly how to solve them. </p><p>2 I will grade your problem sets for correctness however I may modify grades upwards if you are participating in class and you’ve made a genuine effort on every question. Problem Sets should be reinforcement for what you’re covering in class.</p><p>I will post all grades on Sakai. If your grades on Sakai do not match up with the returned assignment come talk to me and we will get it sorted out. </p><p>Finally I’m always open to conversations about grading clarifications. However, I am less inclined to argue with you about your grades. Asking me why something is incorrect is fine, whereas, asking me whether I think your answer should be worth more points is not.</p><p>Office Hours will be held in the graduate student lounge on the third floor of the Social Sciences Building. </p><p>Topics: Note: Lecture numbers are tentative</p><p>I. Introduction 1 Lecture Economic Modeling and Data Short Run vs. Long Run Classical Economics (Chapter 1)</p><p>II. Robinson Crusoe 1 Lecture Leisure and Consumption in a static Model Substitution and Wealth Effects (Chapter 2)</p><p>III. Credit Markets, Leisure and Consumption in a Dynamic Model 3 lectures Intertemporal Substitution Effects Theories of the Consumption Function Aggregate Supply and Demand Functions (Chapter 3)</p><p>IV. Money Demand 3 Lectures Chapters 4 and 17</p><p>V. The Basic Market Clearing Model 2 Lectures Chapter 5</p><p>VI. Inflation 3 Lectures Actual vs Expected Inflation Nominal vs Real Interest Rates</p><p>3 Chapters 7 and 8</p><p>VII. Labor Markets 3 Lectures Wage Determination Unemployment and Search Chapters 6 and 10</p><p>4 VIII. Investment Firm Behavior and the Business Cycle 2 lecture dates Chapter 9</p><p>Midterm. Date: Friday Jun 10th in class (Aim to cover sections I-VII) </p><p>IX. International Economics 2 lecture dates Current Account, International Debt Terms of Trade and Real Exchange Rate Determination Purchasing Power Parity, Interest Rate Parity, and Nominal Exchange Rate Determination (Chapters 15 and 16)</p><p>X. Government and Fiscal Policy 5 lecture dates Public Spending (Chapter 12) Taxes, Transfers and Distortions: The Laffer Curve and Supply Side Economics (Chapter 13) Debts and Deficits: Ricardian Equivalence Theroem of Debt Neutrality (Chapter 14)</p><p>XI. Economic Growth 2 lecture dates Chapter 11</p><p>XII. Monopolistic Competition 2 lecture dates if time</p><p>Final Exam: June 30th 9 AM – Noon</p><p>5</p>