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    ECON222 Outline

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    Henry Tian
    This document provides information about the ECON 222 Macroeconomic Theory I course taught by Professor Huw Lloyd-Ellis in the fall term of 2017 at Queen's University. The course will cover key macroeconomic models and their application to issues like inflation, unemployment, and balance of payments. Students will complete 5 quizzes, 3 assignments, a midterm, and a final exam. The required text is Macroeconomics by Abel, Bernanke, Croushore and Kneebone. Lectures will be on Tuesdays and Thursdays and more details about office hours and teaching assistants can be found online.

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    ECON222 Outline

    Uploaded by

    Henry Tian
    99 views2 pages
    This document provides information about the ECON 222 Macroeconomic Theory I course taught by Professor Huw Lloyd-Ellis in the fall term of 2017 at Queen's University. The course will cover key macroeconomic models and their application to issues like inflation, unemployment, and balance of payments. Students will complete 5 quizzes, 3 assignments, a midterm, and a final exam. The required text is Macroeconomics by Abel, Bernanke, Croushore and Kneebone. Lectures will be on Tuesdays and Thursdays and more details about office hours and teaching assistants can be found online.

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    This document provides information about the ECON 222 Macroeconomic Theory I course taught by Professor Huw Lloyd-Ellis in the fall term of 2017 at Queen's University. The course will cover key macroeconomic models and their application to issues like inflation, unemployment, and balance of payments. Students will complete 5 quizzes, 3 assignments, a midterm, and a final exam. The required text is Macroeconomics by Abel, Bernanke, Croushore and Kneebone. Lectures will be on Tuesdays and Thursdays and more details about office hours and teaching assistants can be found online.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    99 views2 pages

    ECON222 Outline

    Uploaded by

    Henry Tian
    This document provides information about the ECON 222 Macroeconomic Theory I course taught by Professor Huw Lloyd-Ellis in the fall term of 2017 at Queen's University. The course will cover key macroeconomic models and their application to issues like inflation, unemployment, and balance of payments. Students will complete 5 quizzes, 3 assignments, a midterm, and a final exam. The required text is Macroeconomics by Abel, Bernanke, Croushore and Kneebone. Lectures will be on Tuesdays and Thursdays and more details about office hours and teaching assistants can be found online.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    Department of Economics

    Queen's University

    ECON 222: Macroeconomic Theory I


    Instructor: Huw Lloyd-Ellis (Section 001)

    Fall Term, 2017

    Office: Dunning 233


    Telephone: 533-2276
    E-mail: lloydelh@queensu.ca
    Course home page: Available via OnQ for students registered in the course.
    Lectures: Tuesdays 4:00 - 5:20 pm and Thursdays 2:30 - 3:50 pm in Kingston Hall 101
    Office Hours: Information regarding office hours is posted on-line.
    Teaching Assistants: Information regarding teaching assistants is posted on-line.

    Course Description: The objective of this course is to help students understand key issues in
    macroeconomic theory and its applications. The first part of the course discusses in some detail
    macroeconomic data and key issues related to specific sub-sectors of the economy: aggregate
    consumption/saving behaviour, investment and asset markets, labour and product markets,
    international flows and exchange rates. The second part of the course builds on the first by
    integrating these sub-sectors into fully-specified macroeconomic models. These models are used
    to understand key problems such as inflation, unemployment and balance of payments
    disequilibria and the implications of policies designed to address them.

    Prerequisite: ECON 110 (or 111 and 112)


    Co-requisite: MATH 12X

    Grading: There will be 5 quizzes, 3 assignments, a midterm exam and a final exam. The marks
    will be allocated according to the following grading scheme:

    Quizzes...10%
    Assignments...........15%
    Midterm Exam...........25%
    Final Exam.................50%

    Assignments: The due dates for assignments are posted on-line. Answer guides will be provided
    on-line promptly after the deadline. Late assignments will not be accepted once the answer guide
    has been made available.

    Quizzes: All quizzes consist of 20 multiple choice questions and must be completed online via
    the OnQ website. Your grade will be based on the maximum of three attempts. Each quiz will be
    accessible for at least one full week.
    Exams: There will be no make-up mid-term exam. If you miss the mid-term exam for a valid
    (e.g. medical) reason and provide supportive evidence, the mark will be allocated to the final
    exam (so it will be worth 75%). Otherwise, you will receive zero. You will need a non-
    programmable calculator (Casio 991 series, or blue or gold sticker) for each test/exam.

    Text: The required text is Macroeconomics (7th Canadian edition) by Abel, Bernanke,
    Croushore and Kneebone (ABCK: Pearson, 2016), and is available in the campus bookstore.
    Both the 5th and the 6th edition of the book will do, as they are almost identical. The numbering
    of the chapters did not change, so the summary below applies to both editions.

    Topics and Core Readings

    1. Understanding Macroeconomic Data


    ABCK, chapters 1-2

    2. Production & Employment


    ABCK, chapter 3

    3. Consumption, Saving & Investment


    ABCK, chapter 4

    4. Saving and investment in the open economy


    ABCK, chapter 5

    5. Long run Economic Growth


    ABCK, chapter 6

    6. Money and Asset Markets


    ABCK, chapter 7

    7. Business Cycles
    ABCK, chapter 8

    8. General Equilibrium
    ABCK, chapter 9

    9. Exchange Rates & Business Cycles


    ABCK, chapter 10

    10. The Classical-Keynes Debate


    ABCK, chapter 11-12

    11. Monetary Policy


    ABCK, chapter 14

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