E 302 (002) I M F 2015: Conomics Ntermediate Acroeconomics ALL

ECONOMICS 302 (002)
INTERMEDIATE MACROECONOMICS
FALL 2015
Instructor: Professor Rebecca Neumann

Office: Bolton 828
Phone: 229-4347
E-mail: rneumann@uwm.edu
Class Time / Location: T, Th 4:00-5:15 / LUB N110
Office Hours: T, Th 12:00-1:00 p.m.; W 11:00-12:00; or by appointment
Web-page: see D2L course site
Course Description, Goals, and Learning Outcomes:

The goal of this course is to address the core issues in macroeconomics, at a more advanced level
than the principles level. Student learning outcomes for this course include: i.) effectively
analyzing economic issues and data using appropriate economic modeling and critical thinking
skills, and ii.) critically evaluating economic public policies that pertain to the macroeconomy.
Course Readings and Requirements:

Course Prerequisites:
Econ 104 (Principles of Macroeconomics)
There is one required textbook:

N. Gregory Mankiw, Macroeconomics, ninth edition, Worth Publishers, 2016.
(you may use a previous edition – just make sure to match up the relevant chapters).
To ensure that the course is of a timely nature, there will also be a number of articles that I will
make available to you during the term. These additional articles are required reading.
Grades:
Exam One 25%
Exam Two 25%
Exam Three 40%
Participation and Problems 10%
Exams:
There will be two midterm exams and one final exam. The examinations will consist of
definitions, multiple choice, short-answer questions and longer essays/problems. Exam material
will be taken from class lectures, assigned readings, and problem sets. The final exam is
cumulative.
No makeup exams will be given. If you miss an exam, you will receive a zero. There is one
exception to this rule. In the event that you miss an exam, the weight of the third exam may be
increased only if i.) you are ill and can provide proof (a letter from the student health center) or
ii.) you have a prearranged excused absence from me. Given the potential for a serious flu
outbreak, if you are ill, please stay home and call me or email me as early as possible rather than
showing up in my office or in the classroom.
1
Attendance and Participation:
Attendance is strongly recommended and rewarded (those who attend class regularly tend to do
better overall). If you choose not to attend a lecture, it is your responsibility to get a copy of the
class notes from one of your classmates (I do not give out my notes since that would be unfair to
those who attend class). Many test questions will cover material (particularly current events and
current applications) not discussed in the textbook.
Typically, students perform better on examinations if they practice the skills taught in class. Thus,
there will be a number of problem sets to be completed during the course. These problem sets will
be posted on the course web page. It is up to you to complete the problem sets. They will not be
graded, nor will they be collected on a regular basis. However, I will periodically collect one or
two problems that will be graded. Additionally, some portion of class time will be devoted to
working through the problem sets, which will count towards class participation.
Grading Scale:
Your Score Grade Your Score Grade
93% to 100% A 73% to 76% C
90% to 92% A- 70% to 72% C-
87% to 89% B+ 67% to 69% D+
83% to 86% B 63% to 66% D
80% to 82% B- 60% to 62% D-
77% to 79% C+ Below 59.5% F
Note: For information on the University’s policies for religious observances, incompletes, academic
misconduct, grade appeal procedures, final examination policy, students called to military service,
discriminatory conduct, and complaint procedures, please access the following link:
http://www4.uwm.edu/secu/SyllabusLinks.pdf.
Participation by Students with Disabilities

If you need special accommodations in order to meet any of the requirements of this course, please
contact me as soon as possible.
Academic Misconduct
The university has a responsibility to promote academic honesty and integrity and to develop procedures
to deal effectively with instances of academic dishonesty. Students are responsible for the honest
completion and representation of their work, for the appropriate citation of sources, and for respect of
others' academic endeavors. Student academic misconduct information can be found at:
http://www4.uwm.edu/acad_aff/policy/academicmisconduct.cfm.
Time Commitment
This 3-credit course meets for 3 academic hours of lecture per week during the semester. Students are
expected to put in 6 hours per week reading material, studying, and working on assignments to achieve
the learning goals of this course. I expect you to read the relevant chapter in the text before coming to
class to facilitate discussion. You will then need to revisit the material in the book after class to fill out
your class notes and ensure that you fully understand the concepts.
Course Outline
Subject to change (especially as events in the global macroeconomy change!); see the D2L course website
for specific topics/dates as we go. In the event of disruption of normal classroom activities (e.g., due to a
flu outbreak), the format for this course may be modified to enable completion of the course. In that
event, you will be provided an addendum to this syllabus that will supersede this version.
2
COURSE OUTLINE:
Topic (and approximate dates) Reading (Problem Set)

See D2L site for specific dates and problem sets
I. Introduction to Macroeconomics and the Data of Mankiw 1 & 2 (PS 1)

Macroeconomics (Week of Sept 3rd, 8th)
II. Classical Theory (the Long Run) Mankiw 3 (PS 2)

A. National Income (Week of Sept 8th and 15th) Mankiw 4 & 5 (PS 3)
B. Money and Inflation (Week of Sept 22nd and 29th) Mankiw 6 (PS 4)
C. The Open Economy (Week of Oct 6th and 13th)
Exam One – Th, 10/1
III. Growth Theory (the very Long Run)
A. Economic Growth 1 (Week of Oct 20th and 27th) Mankiw 8 (PS 5)
B. Economic Growth 2 (Week of Nov 3rd and 10th) Mankiw 9 (PS 6)
Exam Two – Th, 11/5

IV. Business Cycle Theory (the Short Run)
A. Economic Fluctuations and Policy Mankiw 10 (PS 7)
(Week of Nov 17th and 24th)
V. Macroeconomic Policy Debates (Week of Dec 1st) Mankiw 18-20 (PS 7)
VI. Review: What we know, What we don’t Mankiw Epilogue

(Week of Dec. 8th)
Exam Three – M, 12/21
Exam One: Thursday, October 1st

Exam Two: Thursday, November 5th
Thanksgiving Break: Nov. 25th-29th
Last day of classes: Monday, Dec. 14th
Exam Three: Monday, December 21st, 3:00-5:00 p.m.

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ECONOMICS 302 (002)

Instructor: Professor Rebecca Neumann

Course Description, Goals, and Learning Outcomes:

Course Readings and Requirements:

There is one required textbook:

Participation by Students with Disabilities

Topic (and approximate dates) Reading (Problem Set)

I. Introduction to Macroeconomics and the Data of Mankiw 1 & 2 (PS 1)

II. Classical Theory (the Long Run) Mankiw 3 (PS 2)

Exam Two – Th, 11/5

V. Macroeconomic Policy Debates (Week of Dec 1st) Mankiw 18-20 (PS 7)

VI. Review: What we know, What we don’t Mankiw Epilogue

Exam One: Thursday, October 1st

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