EBGN 302 – Intermediate Macroeconomics
Spring 2016
Instructor: Ross Manley
Office: 212 Engineering Hall
Email: rmanley@mymail.mines.edu
Office hours: MW 3:00 - 4:30 p.m. (or by appointment)
Class meeting days/times: MWF 9:00 - 9:50 p.m.
Class meeting location: Marquez Hall (MZ) 226
Web Page: Blackboard
Instructional activity: 3 one hour lectures; 3 semester hours
Course description from Bulletin: Intermediate macroeconomics provides a foundation for analyzing both shortrun and long-run economic performance across countries and over time. The course discusses macroeconomic data
analysis (including national income and balance of payments accounting), economic fluctuations and the potentially
stabilizing roles of monetary, fiscal and exchange rates policies, the role of expectations and intertemporal
considerations, and the determinants of long-run growth. The effects of external and internal shocks (such as oil
price shocks, resource booms and busts) are analyzed.
Prerequisites: EBGN201 and MATH213.
Textbook and/or other requirement materials:
Required text: Charles I. Jones, Macroeconomics, (3rd edition)
Additional handouts and suggested readings will be posted on the course Blackboard site.
Student learning outcomes: At the conclusion of the class students will…
1. Have the tools and insights necessary to understand macroeconomic theory
2. Demonstrate an understanding of long-run growth, labor markets, inflation, short- run business cycles
and the Great Recession
3. Be prepared to evaluate fiscal and monetary policy, and weigh on current economic debates
Policy on academic integrity/misconduct: The Colorado School of Mines affirms the principle that all individuals
associated with the Mines academic community have a responsibility for establishing, maintaining and fostering an
understanding and appreciation for academic integrity. In broad terms, this implies protecting the environment of
mutual trust within which scholarly exchange occurs, supporting the ability of the faculty to fairly and effectively
evaluate every student’s academic achievements, and giving credence to the university’s educational mission, its
scholarly objectives and the substance of the degrees it awards. The protection of academic integrity requires there
to be clear and consistent standards, as well as confrontation and sanctions when individuals violate those
standards. The Colorado School of Mines desires an environment free of any and all forms of academic misconduct
and expects students to act with integrity at all times.
Academic misconduct is the intentional act of fraud, in which an individual seeks to claim credit for the work and
efforts of another without authorization, or uses unauthorized materials or fabricated information in any academic
exercise. Student Academic Misconduct arises when a student violates the principle of academic integrity. Such
behavior erodes mutual trust, distorts the fair evaluation of academic achievements, violates the ethical code of
behavior upon which education and scholarship rest, and undermines the credibility of the university. Because of
the serious institutional and individual ramifications, student misconduct arising from violations of academic
integrity is not tolerated at Mines. If a student is found to have engaged in such misconduct sanctions such as
change of a grade, loss of institutional privileges, or academic suspension or dismissal may be imposed.
The complete policy is online:
http://bulletin.mines.edu/policiesandprocedures/
Grading Procedures: Grades will be based on midterms, a comprehensive final exam, in-class exercises and
homework assignments. The course grades will be determined using the following weights and a standard 100
point scale (A: 90-100%, B: 80-89%, C: 70-79%, D: 60-69%, F: less than 60%):
20%
10%
45%
25%
Homework
In-class exercises
Midterm exams
Final exam
(each counted equally)
(each counted equally)
(each counted equally)
Homework: There will be homework assignments distributed over the course of the semester and you will have a
week to complete the assignments. Each assignment will be due at the beginning of class. No late assignments are
accepted!
In-class exercises: You will receive points for your participation in in-class exercises. Your in-class exercise points
will be bases on both participation and performance. Missed in- class exercises will receive a grade of zero.
Exams: There will be three midterm exams (each counted equally) and a final exam. They will be based on
lectures, homework assignments and in-class exercises. They will consist of multiple choice and short answer
questions. Midterm exams will not be cumulative, but the final exam will cover the subject matter of the entire
course. Any missed exam will receive a grade of zero, no make-ups will be given.
Coursework Return Policy: Exams and homework assignments will be graded and returned within one week.
Absence Policy: Attendance is not required, but absences will affect the in-class exercises portion of your grade.
In the event a student misses a class, he/she is responsible for all material covered in class, including all
assignments and announcements.
Please be familiar with the Attendance Policy for the Colorado School of Mines:
http://inside.mines.edu/Student-Absences
In general, makeups will only be given if the student meets the criteria in the CSM policy.
Detailed Course Schedule (tentative):
Week:
Date:
Lecture Topic:
Chapter(s):
1
Jan 13
Jan 15 (no class)
Introduction to Macroeconomics
Measuring the Economy
1
2
2
Jan 18 - 20
Jan 22
Measuring the Economy
An Overview of Long-Run Economic Growth
2
3
3
Jan 25
Jan 27 - 29
A Model of Production
The Solow Growth Model
4
5
4
Feb 1 - 5
Growth and Ideas
6
5
Feb 8
Feb 10
Feb 12
Growth and Ideas
Exam #1
The Labor Market, Wages, and Unemployment
6
7
6
Feb 15
Feb 17 - 19
No Class - President's Day
The Labor Market, Wages, and Unemployment
7
7
Feb 22 - 24
Feb 26
Inflation
An Introduction to the Short Run
8
9
8
Feb 29 - Mar 2
Mar 4
An Introduction to the Short Run
The Great Recession: A First Look
9
10
9
Mar 14 – 18 (no class)
No Class - Spring Break
-
10
Mar 21 - 23
Mar 25
The Great Recession: A First Look
Exam #2
10
-
11
Mar 28 - 30
Apr 1
The IS Curve
No Class - E - Days
11
-
12
Apr 4 - 8
Apr 7
Monetary Policy and The Phillips Curve
Last Day to Withdraw
12
-
13
Apr 11 - 15
Stabilization Policy and the AS/AD Framework
13
14
Apr 18 - 20
Apr 22
Stabilization Policy and the AS/AD Framework
The Great Recession and the Short-Run Model
13
14
15
Apr 25 -27
Apr 29
The Great Recession and the Short-Run Model
Exam #3
14
-
16
May 2 - 4
May 6
Special topics
No Class - Dead Day
-
17
May 9 - 12
Final - TBA
-
Please note that the above schedule and information provided in the syllabus is subject to change. The most recent
version of the syllabus will be available at course Blackboard site.