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Intermediate macroeconomics

Release Date: 2017-09-21
Course basic information
Course name Intermediate macroeconomics Course code 110047
Chinese name Intermediate macroeconomics
Course category □ Course basic information public degree courses ☑ Basic degree course
□ Public required course□ Professional required course
□ Professional elective course □ Public elective courses
Starts in: The second semester School 54 Credits 3
Course units College of economics and trade Applicable to professional graduate economics and management

Assessment method 		☑ Test (shut) □Test (open book)
□ Examination paper (course) □ Check (book report)
□ Check (literature review）□Others
Result of Ordinanry Performance 30% The final result 70%
Ap courses Elementary economics, economic, academic history and economic mathematical basis
Teachers' team Weishi Yan、Gang He、Hongfang Xiong、Changzhou He、Fangfang Wang、Yang Zhong
Teaching objectives
The course prepared for graduate students with a basic background in economics, the intermediate macroeconomics course aims to make them grasp the mainstream macroeconomics foundation model and its application, the more complexed mainstream neoclassical macro model, higher mathematics and "Intermediate macroeconomics", therefore, to achieve the teaching goal. Students learn and deduce new classical macro models, master new classical macro model application. Through case studies and data analysis to verify the new classical macro model, focused on figuring out the differences between the new classical macro model and the Keynesian macro model.Specific objectives are:
1. Master the intermediate macroeconomics solow model, including its logical relationship, analysis method；
2. A student should be Skilled to distinguish between the new classical macro model and the  Keynesian macro model;
3. Deepen understanding of macroeconomics Through empirical data inspection and introducing new classic macroeconomic models.
Course content abstract
Microeconomics and macroeconomics are two pillars of modern economics. In the process of learning and teaching, because there is a rigorous mathematical reasoning and a basic model of micro economics the professor has already formed a particular logical system. But, what is macroeconomics? Are they newspaper reports on economic data, or up to date academic reports? Do We need to sacrifice the real content of economics and blindly, pursuit an easy path? On the base of current economic thought, the course will also supply students with a macroeconomics textbook By using a relatively simple mathematical deduction; this explains the basic theories of macroeconomics and common model.
Distribution of teaching hours
The teaching content school Teaching methods * On teachers'
The first chapter introduction
1 Thinking about macroeconomics
1.1output, unemployment and prices in American history
1.2 economic model

2 National income accounting: gross domestic product and price level
2.1 nominal GDP and real GDP
2.2different views on GDP expenses, income, and production
2.3 the price 		9 Lecture Weishi Yan
The second part of economic growth
3 Introduction to economic growth
3.1 the facts of economic growth
3.2 economic growth theory
Questions and discussion

4 Using the solow growth model
4.1 a rate in savings change
4.2 technical level changes
4.3 labor input and changes in population growth rate
4.4 convergence
4.5 profile solow model
Questions and discussion

5 The conditional convergence and long-term economic growth
5.1 the practice of conditional convergence
5.2 long-term economic growth
5.3 what do we know about economic growth
Questions and discussion 		12 Lectures and discussion Gang He
The third part of the economic fluctuation
6 Market, price, supply and demand
6.1 macroeconomic markets
6.2 exchange of intermediary currency
6.3 market and price
6.4 budget constraints and preparation
6.5 the labor market and capital market clearing services
Questions and discussion

7 Consumption, savings and investment
7.1 consumption and savings
7.2balanced consumption, savings and investment
Questions and discussion

8 Balanced economic cycle model
8.1 cycles of the real GDP - recession and sentiment
8.2 a balanced economic cycle model
8.3 matching theory and facts
8.4 technical level
8.5 change of labor input
Questions and discussion

9 The use of capital and unemployment
9.1 capital investment
9.2 labor, employment and unemployment
Questions and discussion
 12 Lectures and discussion Changzhou He
The fourth part :monetary concept and price
10 demand and prices
10.1 monetary concept
10.2 monetary demand
10.3 the price level decision
Questions and discussion

11 Monetary growth and inflation rates
11.1 various countries' inflation and monetary growth data
11.2 inflation and interest rates
11.3 a balanced economic cycle model of inflation
Questions and discussion 		6 Lectures and discussion Weishi Yan
The fifth part government departments
12 government spending
12.1 government spending data
12.2 the government's budget constraint
12.3 public production
12.4 the public service
12.5 family budget constraints
12.6 the durability of the government procurement
12.7 the government procurement of temporary change
Questions and discussion

13 Tax
13.1 Tax in the USA
13.2 types of tax
The tax of 13.3 model
13.4 increase labor income tax to finance government procurement
13.5 transfer payments
Questions and discussion

14 Public debt
14.1 history of American and British bonds
14.2 the characteristics of government bonds
14.3 budget constraints and budget deficits
14.4 bonds with a family budget constraint
14.5 the economic effect of the budget deficit
14.6 social insurance
14.7 open market operations
Questions and discussion 		6 Lectures and discussion Gang He
The sixth part monetary and economic cycle
15 Monetary and economic cycle: the price model of an illusion
15.1 the monetary effects on the  model of a balanced economic cycle
15.2 price model of the illusion
15.3 accordance with the rules and discretion
Questions and discussion

16 Monetary and economic cycle: sticky prices and nominal wage rates
16.1 the new Keynesian model
16.2 monetary and nominal interest rates
16.3 the Keynesian model, viscous nominal wage rates
16.4 long-term contracts with viscous nominal wage rates
questions and discussion 		6 Lectures and discussion Changzhou He
Review and problem sets 3 Lectures and discussion Weishi Yan
Total 54
teaching material and resources

(1) teaching material
1. The speaker's teaching material
[1] The barrow. Macroeconomics: modern view [M]. Shanghai: due publishing house, 2012.
2. other materials

(2) The reading list
[1](beauty) Blanchard. Macroeconomics (fourth edition) [M]. Beijing: tsinghua university press, 2010.
[2](beauty) Dornbusch fisher. Macroeconomics (eighth edition) [M]. Beijing: China financial publishing house, 2003.
[3] (beauty) David Romer. Senior macroeconomics [M]. Beijing: the commercial press, 1999.

(3) Recommended journal articles
[1] Robert m. Solow. A Contribution to the found of Economic Growth [J]. The Quarterly Journal of Economics, 1956.70 (1) : 65-94.
[2] Milton Friedman, The Role of Monetary Policy [J]. Journal of The American Economic Review, 1968.58 (1) : 1-17.
[3] Costas Azariadis. Implicit Contracts and Underemployment Equilibria, turned 1975 (6) : 1183-1202.

(4) Learning websites
http://www.cenet.org.cn, China's economics education scientific research network;
www.drcnet.com guoyan web;
http://www.unirule.org.cn economics research institute;
http://www.gjmy.com/economics amphitheatre.
http://www.drcnet.com.cn/DRCNET.Channel.Web under the state council development research center, information network;
The national bureau of economic research;
http://www.nber.org http://www.worldbank.org, the world bank;
The international monetary fund;
http://www.imf.org
http://www.ftchinese.com/

(5) Other
outline by Gang He、Weishi Yan Prepare the date On June 8, 2014
Outline authorization person
(Head of the subject) 		Honghong Liu Approval date On June 10, 2014