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Intermediate Macroeconomics

Rutgers University – Department of Economics
Intermediate Macroeconomics 204
Fall 2012

Instructor: Dr. Hamed
Text: Mankiw, N. Gregory, Macroeconomics, 7th ed, Worth Publishers
Office Hours: 9:30 –10:00 a.m MWW Or by appointment
Office: 331 Armitage Hall
E-mail: hamed@camden.rutgers.edu

Exams: There will be three class-period long exams, each assigned 25% of the final grade. Homework assignments and class participation account for 15% and 10%, respectively. Make-ups for exams are given only when legitimate excuses are presented.

Week
Topic
Chapter
1&2
Long run GDP, interest rates, and price level
3,4
3
The natural rate of unemployment
6
4
Long run trade balance and exchange rate
5
5
Private Consumption
17
Skip pp. 517-21
6
Exam 1
Private investment
18
Skip pp 525-532
7
Aggregate demand and aggregate supply under
Constant prices
Read pp. 265-277
8
Expenditure Multipliers and the closed economy
IS-LM model
10
9
Short run macroeconomic policies in closed economies
11
9
Diversification and Risky Asset Allocation
11
10
Short run macroeconomic policies in open economies
12
  Exam 2  
11
Inflation and unemployment
Short run aggregate supply
13
12
Economic Growth
7-8
13 Economic growth, continued
Budget deficit and public debt
16
Skip pp. 467-78
14
Stabilization policy debate  15
Exam 3