University of Oregon Department of Economics

______ Term 201_

ECN 313: Intermediate Macroeconomic Theory

[Instructor Name]

Office: Office Hours: Phone: Email: Website: Course Description: [Example text follows.] Economics 313 is the foundational course in macroeconomic theory for economics majors and minors. Economics 202 and 311 are prerequisites for the course. You should also be comfortable with college level algebra. To receive credit for the economic major or minor, you must take this class for a letter grade and pass with a C- or better. This class is designed to provide economics majors and minors, as well as interested non-majors, the theoretical foundations necessary to understand the macroeconomic problems commonly confronted in developed market economies, and to evaluate solutions to those problems. We will build models that help explain fluctuations in output, employment, the price level, inflation, interest rates, and other macroeconomic variables. We will use the models to see how macroeconomic policy (for example, monetary policy, tax reductions, and deficit spending) affects macroeconomic variables, with primary applications to the U.S. economy and other developed economies. Course Text: Macroeconomics, by Olivier Blanchard and David Johnson, 6rd Edition, Pearson. This is available at the UO Bookstore, shrink-wrapped with MyEconLab, which will be needed for homework. [Note to Instructors: You are not required to use the same textbook. However, you may want to consider the benefits for students (methodological consistency, book prices, etc) of textbook standardization across instructors. By contacting the publisher representative well in advance of the course, significantly cheaper custom editions (that omit unneeded chapters) may be available. Electronic versions of the text are also an alternative. Grading: [Example text follows.] There will be a midterm and a final, as well as homework assignments and announced quizzes. Your final course grade will be determined as follows:

30% HOMEWORK AND QUIZZES 30% MIDTERM [Date of exam here] 40% FINAL [Date of exam here]

For the tests and exams you will need a basic calculator, i.e. one that does basic algebraic operations. These should be readily available for less than $5. Calculators will also be needed for some homework problems. You are not permitted to use a calculator that stores text. NO SMART/CELL PHONES ALLOWED. As a precaution against academic dishonesty, if you are

caught using a cell phone or any other non-approved electronic device in class, you will receive an automatic zero for the exam. No makeup exams or quizzes will be given. In the case of a missed midterm or quiz due to unanticipated emergency situations, the student will be allowed to put the weight of the missed exam on the final exam, provided I am notified as soon as possible. A missed final due to an unanticipated emergency will be handled with an “incomplete” for the course, assuming that I agree the situation represents an unaticipated emergency. Do not take this class if you already know you cannot make one of the scheduled exams. Grading will be consistent with the typical distribution for upper division economics classes. Homework and MyEconLab: There will be periodic homework, which counts 10% of the grade. The answers will be discussed in class and some closely related problems may appear on the exams. Homework will be submitted on the MyEconLab website. You can use either your own computer or one of the computers in SSIL (the Social Science Instructional Lab in McKenzie). You must register for MyEconLab and enroll with MyEconLab in this course. To do this you will need to have the access code, which will be contained with the textbook. Go to the Pearson website, enter the course ID (given below), sign in or create an account, and use the access code that came with the textbook. The instructor course ID for MyEconLab is [insert ID here] Blackboard: I will use Blackboard to provide lecture notes, details of textbook readings, course updates, review sheets, grades, answers to tests, etc. Academic Dishonesty Policy: Academic dishonesty (from plagiarizing work to cheating on exams) will not be tolerated. Please acquaint yourself with the Student Conduct Code, which is published in the Schedule of Classes each term. Students with Disabilities: If you have a documented disability and anticipate needing accommodations in this course, please make arrangements with me during the first week of the term. Please request that the counselor for students with disabilities (164 Oregon Hall) sends me a letter verifying your disability. Student Engagement Inventory:

Activity Elaboration Expected Hours

Course attendance Verified periodically 40 hours (4 hours per week)

Assigned readings

Textbook (technical reading), selected book chapters, journal articles, news items 40 hours (4 hours per week)

Homework 5 homework assigments 10 hours

Tests Midterm and Final Exam Varies with study effort

Outline of Course Material: 1: Introduction to Macroeconomics, Concepts and Measurement. 2: Introduction to Goods Market. 3: Introduction to Financial Markets. 4: The IS/LM Model. 5: The Labor Market. 6: The AS-AD Model. MIDTERM EXAM: Provide date, time, and location. 7: The Phillips Curve and the Natural Rate of Unemployment. 8: The Crisis. 9: Fiscal Policy, Deficits and Debt. 10: Nominal and Real Interest Rates, Disinflation, Expectations, and Credibility. 11: Extentions (Time Permitting).

Option 1 – Expectations Option 2 – The Open Economy Option 3 – Growth

FINAL EXAM: Provide date, time, and location.