SemesterFall Semester, 2019
DepartmentThe International Master Program of Applied Economics and Social Development (IMES) , First Year The International Master Program of Applied Economics and Social Development (IMES) , Second Year
Course NameApplied Macroeconomics
InstructorPeng Shi Shu
Credit3.0
Course TypeRequired
Prerequisite
Course Objective
Course Description
Course Schedule































































































































































週次



Week



課程主題



Topic



課程內容與指定閱讀



Content and Reading Assignment



教學活動與作業



Teaching Activities and Homework



學習投入時間



Student workload expectation



課堂講授



In-class Hours



課程前後



Outside-of-class Hours



1



Introduction



Introduction to the class;



Chapter 1, A Tour of the World;



Chapter 2, A Tour of the Book.



Teaching



3



4.5



2



The Short Run



Chapter 3, The Goods Market;



Chapter 4, The Financial Market.



Teaching



3



4.5



3



The Short Run



Chapter 5, Goods and Financial Markets: The IS-LM Model;



Chapters 3-5, The Short Run.



Teaching



3



4.5



4



The Medium Run



Chapter 6, The Labor Market;



Chapter 7, Putting All Markets Together. The AS-AD Model.



Teaching



3



4.5



5



 



National Holiday



Break



0



0



6



The Medium Run



Chapter 8, The Natural Rate of Unemployment and The Phillips Curve;



Chapters 6-8, The Medium Run.



Teaching



3



4.5



7



The Long Run



Chapter 10, The Facts of Growth;



Chapter 11, Saving, Capital Accumulation, and Output.



Test



3



4.5



8



The Long Run



Chapter 12, Technological Progress and Growth;



Chapters 10-12, The Long Run.



Teaching



3



4.5



9



The Open Economy



Chapter 18, Openness in Goods and Financial Markets;



Chapter 19, The Goods Market in an Open Economy.



Teaching



3



4.5



10



Test



Midterm (Chapters 1-12).



Test



3



9



11



The Open Economy



Chapter 20, Output, the Interest Rate, and the Exchange Rate;



Balance of Payment.



Teaching



3



4.5



12



The Open Economy



 



IS-LM-BP Model



Chapter 21, Exchange Rate Regimes.



Teaching



3



4.5



13



Pathologies



Sterilization and Non-Sterilization;



Chapter 22, Depressions and Slumps.



Teaching



3



4.5



14



Pathologie/ Back to Policy



Chapter 23, High Inflation;



Chapter 24, Should Policy Makers Be Restrained? 



Teaching



3



4.5



15



Back to Policy



Chapter 25, Monetary Policy: A Summing Up;



Chapter 26, Fiscal Policy: A Summing Up



Teaching



3



4.5



16



 



Overview



Teaching



3



4.5



17



Presentation



Group Presentation



 



3



6



18



Test



Final Exam



 



3



9



Teaching Methods
Teaching Assistant

TBA


Requirement/Grading

GRADING:



There are three graded assignments during the semester which the following weights.



Class participation: 5%



Problem sets: 15%



Group presentation: 20%



Exam #1: 30%



Exam #2: 30%



 



Grading disputes may arise. With the exception of arithmetic errors, and in order to avoid problems associated with self-selection, disputes involving points scored on individual questions will NOT be considered. However, if you wish, the entire assignment will be re-graded. This re-grading may result in either a higher or lower number of points being scored.



Requests for re-grading must be submitted in writing to the instructor within one week of the assignment first being returned.



 



PROBLEM SETS



There are problem sets every two or three weeks. Problem sets MUST be word-processed although you may do graphs and equations by hand. Problem sets MUST have your name (last name first) and student ID number in the upper right hand corner. Problem sets are due at the beginning of class on the assignment due date. Faxed or e-mailed problem sets will NOT be accepted; late problem sets will NOT be accepted. If you want to turn your problem sets in early, you can make arrangements with me or the TA.



 



Although you may work on problem sets with your classmates, the written answers which you hand in are expected to be your own effort. In general, you should use study groups to figure out how to solve a problem, to make sure you have made your calculations correctly, and to discuss the answers to questions that ask you to summarize or draw conclusions from the exercise. On your own, you should write up your answers, making sure you understand yourself how to solve the problem step-by-step, and answering nonquantitative questions in your own words.



 



Solving the problem sets in this way is important not only for the sake of academic integrity but because the primary value of the problem sets is not in counting toward your course grade but in building your own understanding and ability to solve problems. Using the Internet and/or “test banks” deserve special mention. The general principle governing collaborative work is that it is truly collaborative: namely, it is work shared by a group of people, all of whom are learning from the experience. Copying from someone, looking for answers or hints on the Internet, or looking at problem set or exam solutions from previous semesters are not collaborative. There is a difference between being interested in an issue raised by a problem set and using the Internet to learn more about it, and searching the Internet to figure out how to solve the problem.



 



GROUP PRESENTATION



The presentation groups will be arranged by self-selection and the presentation will be held during the last week of the class as specified below. A group includes 2 or 3 members with one representative. To form the groups, please note that it cannot be that a group includes only Taiwanese students. Each team should come up with a case study applying the knowledge studied from the lectures to the macroeconomic events on the newspapers. We value highly the group presentation components because this is in my view the best for training yourself to think like an economist rather than just an ordinary media reporter or newspaper writer. Other rules about the presentation will be announced later during process of the course.


Textbook & Reference

TEXTS:



Oliver Blanchard,



Macroeconomics, 7th edition,



Pearson, 2017,



ISBN 1-292-16050-0



Note: My class will basically follow Blanchard’s textbook of 5th edition. These two editions are mostly similar to each other but may still have differences in some places. Please follow the course slides if there are differences.


Urls about Course
Attachment