SemesterSpring Semester, 2020
DepartmentMA Program of International Business, First Year PhD Program of International Business, First Year MA Program of International Business, Second Year PhD Program of International Business, Second Year
Course NameMacroeconomic Theory (I)
InstructorARAI NATSUKI
Credit3.0
Course TypeElective
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



2/19)



Growth Theory in Long Run



 



Solow growth model (Romer Ch.1)



Lecture



 



3



 



 



3



2



2/26)



Ramsey model



(Romer Ch.2)



Lecture



3



3



3



3/4)



OLG model



(Romer Ch.2)



Lecture



3



3



4



3/11)



Endogenous growth theory (Romer Ch. 3)



Lecture k



3



3



5



3/18)



Introduction to Dynamic Programming



Numerical example of dynamic programming (AC Ch.1-2)



1st Homewor



 



3



 



3



6



3/25)



Consumption



Applications in consumption: Equity premium puzzle, Random walk hypothesis (Romer Ch.8)



Lecture



 



3



 



3



7



(4/1)



Consumption



Applications in consumption 2: Durables (Romer Ch.8)



1st Homework Due



3



3



8



(4/8)



 



FIRST MID TERM



(Growth theory and DP)



1st midterm



3



3



9



(4/15)



Nominal Rigidity



Introduction to Nominal rigidity



(Romer Ch.6)



Lecture



3



3



10



(4/22)



Efficiency Wages



(Romer Ch.10)



2nd Homework



3



3



11



(4/29)



New Keynesian Model



Classical Monetary Model (Gali Ch.2)



Lecture



3



3



12



(5/6)



Basics of new Keynesian model (Gali Ch.3)



2nd Homework Due



 3



3



13



(5/13)



 



SECOND MID TERM



(Consumption and Nominal Rigidity)



2nd midterm



3rd Homework



3



3



14



(5/20)



No Class (School holiday)



15



(5/27)



New Keynesian Model



Implication for monetary policy (Gali Ch.4)



Lecture



3



3



16



(6/3)



VAR and its applications



Basics of VAR



(KL Ch.2)



3rd Homework Due



3



3



17



(6/10)



 



FINAL EXAM



(New Keynesian Model and VAR)



Final exam



3



 



18



(6/17)



Final discussion



Final discussion



Lecture



3



3


             


 



 



 



Class Attendance: Class attendance is strongly recommended. Students registered for the course who do not regularly come to class may receive a grade of ND. However, I do not take attendance in a regular basis and the grades are granted based on exams.



 



Policy on missed exam: The dates of the midterm and final exams are fixed. Students who experience a serious medical condition that requires immediate attention from a physician, or an emergency that prevents them from taking the exam may be excused. However, students must contact the instructor before the exam and must verify their condition by official documents. No exceptions will be made for job interviews, holiday travel, or other non-academic activities. When a student is properly excused from an exam, no make-up exam will be offered. Instead, his or her course grade will be adjusted based on other exams and homeworks.



 



Policy on Regrading: If, after reviewing the exam answers, a student feels that there is a grading mistake on his or her exam, that student can submit a re-grade request. The student must submit a written discussion within one week from the time at which the exams are handed back. When regrade request is accepted, the entire exam will be regraded, which could lower the score as well.



 



Academic Dishonesty: Cheating hurts our community by undermining academic integrity, creating mistrust and fostering unfair competition. The university will punish cheaters with failure on an



assignment, failure in a course, permanent transcript notation and/or expulsion. Violations can include cheating on exams, plagiarism, reuse of assignments without permission, improper use of the Internet and electronic devices, unauthorized collaboration, alteration of graded assignments, forgery, falsification and lying.



 




Teaching Methods
Teaching Assistant

TBD


Requirement/Grading

Evaluation:




  • Homework (3): 15 percent

  • Midterm 1: 25 percent

  • Midterm 2: 25 percent

  • Final exam: 35 percent





Homework: I will assign 3 homeworks during the semester. Late homeworks will not be accepted. The tentative schedule of homework is as follows: 1st Homework: (3/18, due 4/1), 2nd Homework: (4/22, due 5/6), 3rd homework (5/13, due 6/3)





Exam Times:           




  • Midterm 1: Wednesday April 8, in class time.

  • Midterm 2: Wednesday, May 13, in class time.



Final: Wednesday, June 10, in class time

 


Textbook & Reference

The main textbook is




  • “Advanced macroeconomics (4th Edition or after)” by David Romer.



 



Some of the material follows




  • “Dynamic Economics: Quantitative Methods and Applications” by Jerome Adda and Russell W. Cooper

  • “Monetary Policy, Inflation, and the Business Cycle” by Jordi Gali



“Structural Vector Autoregressive Analysis” by Lutz Kilian and Helmut Lütkepohl


Urls about Course
NCCU E-learning website (https://wm5.nccu.edu.tw) Relevant class material will be posted on the course website. Homework assignments and notifications will be also available there
Attachment