SemesterSpring Semester, 2018
DepartmentMA Program of International Business, First Year MA Program of International Business, Second Year
Course NameMacroeconomic Theory (I)
Instructor
Credit3.0
Course TypeElective
Prerequisite
Course Objective
Course Description
Course Schedule





















































































































































Week



Topic



Content and Reading Assignment



Activities and Homework



Expected working hours



In-class



Outside



1



Growth Theory in Long Run



Solow growth model (Romer Ch.1)



Lecture



3



3



2



Ramsey model 1(Romer Ch.2)



Lecture



3



3



3



Ramey model 2 (Romer Ch.2)



Lecture



3



3



4



OLG model (Romer Ch.2)



Lecture



3



3



5



Introduction to Dynamic Programming



Introduction to dynamic programming (AC Ch.1-2)



1st Homework



3



3



6



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



Lecture



3



3



7



Review of Homework 1



Lecture



3



3



8



Consumption



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



Lecture



3



3



9



FIRST MID TERM



1st midterm



3



3



10



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



2nd Homework



3



3



11



Nominal Rigidity



 Review of IS-LM and AD-AS models (Romer Ch.6)



Lecture



3



3



12



Efficiency wages (Romer Ch.10)



Lecture



3



3



13



2nd  midterm



SECOND MID TERM



2nd  midterm



3



3



14



 



No class (5/29)



 



 



3



15



New Keynesian Model



 



Basics of new Keynesian model (Gali Ch.3)



3rd Homework



3



3



16



Implication for monetary policy (Gali Ch.3)



Lecture



3



3



17



Topics in monetary policy



Lecture



3



3



18



Final exam



FINAL EXAM



Final Exam



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



 



Exam Times:




  • Midterm 1: Tuesday, April 17, in class time.

  • Midterm 2: Tuesday, May 22, in class time.

  • Final: Tuesday, June 26, in class time



 



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: (3/27, due 4/10), 2nd Homework: (5/1, due 5/15), and 3rd homework : (6/5, due 6/19)


Textbook & Reference

The main textbook is “Advanced macroeconomics (4th Edition)” by David Romer. Some of the material follows “Dynamic Economics: Quantitative Methods and Applications” by Jerome Adda and Russell W. Cooper, and “Monetary Policy, Inflation, and the Business Cycle” by Jordi Gali


Urls about Course
NCCU E-learning website (https://wm5.nccu.edu.tw)
Attachment