Econ 211 Course Outline

Macroeconomic Theory and Practice

S.Y. 2011-2012

First Semester

Prelims

·         Difference of Macroeconomics and Microeconomics

·         Goals of Macroeconomy

·         Consumption Function and investment

·         Fiscal policy and government

·         Money and BSP

·         Monetary Supply

·         Money Demand

·         Equilibrium in money and goods market (policy mix)

Midterms:

·         IS-LM

·         Policy implications using IS-LM

·         Derivation of AD using IS-LM

·         Crowding out using IS-LM

·         Liquidity Trap and classical

·         Mainstream (AS under different time horizons: Keynsian as Horizontal, classical is vertical)

·         Growth, AS and AD together

·         Shifting of AS and AD

·         Growth theory

FINALS

·         Circular Flow

·         Open Market Economy

·         Multiplier in the Open Economy

·         International Trade

·         Exchange rate (fix and flexible)

·         BOP (current and capital)

·         Theories of Economics Development

Textbooks: Principles of Economics by N. Gregory Mankiw, 5th Edition
                 Principles of Economics by Case & Fair, 9th Edition