ECN 302 Intermediate Macroeconomics
Section 003 Tu/Th 12:30-1:50PM Hall of Languages 214
Section 004 Tu/Th 3:30-4:50PM Newhouse 1 101
Professor: Andrew Jonelis
Email: awjoneli@syr.edu (Please start subject line with ECN302 when emailing to receive response)
Office: Maxwell Hall 319
Office Hours: Tuesdays and Thursdays 11:30AM-12:00PM and 2:30PM-3:00PM
Teaching Assistant: Yichi Zhang (yzhan424@syr.edu)
Course Website: Blackboard
Textbook: Charles Jones Macroeconomics, 5th edition.
Prerequisites: ECN101, ECN102 or ECN203
Course Description: National product and income concepts, measurements, and relationships; interrelationships
of the major segments of the national economy; forces affecting the general level of economic activity. Quantitative
skills requirements of liberal arts core recommended.
Course Rationale: Macroeconomics is a field of study that has answered many questions such as: why are some
countries so much richer than others? how severe was the recession following the financial crisis? how does monetary
and fiscal policy stabilize the economy? This course will provide you with a broad understanding of the current state
of knowledge in macroeconomics.
Learning Objectives: Students will: analyze what drives the differences in living standards across countries,
examine how the macroeconomy adjusts to shocks in the short-run, deduce how individual actions aggregate to
affect the macroeconomy, and produce a report evaluating a foreign country’s long-run macroeconomic prospects
and short-run macroeconomic stability.
Important Dates:
First Exam . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . September 30
Second Exam . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .November 4
Project due (email) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . December 9
Section 003 Final Exam . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . December 14
Section 004 Final Exam . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . December 16
Exams and Grading: In this course, your final grade will be based on:
Exam 1 20% ;
Exam 2 20% ;
Cumulative Final Exam 20% ;
Group Project 20% ;
Problem Sets 10%:
Quizzes 10%
Grade
Grade Points
Percentage
Grade
Grade Points
Percentage
A
4.000
Above 92.5%
C+
2.333
Above 77.5%
A-
3.667
Above 90.0%
C
2.000
Above 72.5%
B+
3.333
Above 87.5%
C-
1.667
Above 70.0%
B
3.000
Above 82.5%
D
1.000
Above 50.0%
B-
2.667
Above 80.0%
F
0
Below 50.0%
The final grades may be curved depending on class performance. The curve can only help you, in the sense that
90% or higher is guaranteed to be an A, 80% or higher will be at least a B, and 70% or higher will be at least a C.
Depending on how the rest of the class does, 89% could be an A- or a B+.
Borderline grades, whether between a C and a D, or an A and a B, will be determined based on your attendance
and participation in class. I have a good idea of who attends class regularly and who does not, who has asked
questions in class or office hours, etc.
Group Project: There is a group project on the macroeconomic environment of a foreign country that counts as
20% of your course grade. There are two components to this: a presentation and a report about the project. This
group project will be discussed in more detail later in the semester.
Quizzes and Problem Sets: Both will provide practice on questions that will be similar to those on the exams.
The quizzes will be open-note, open-book on Blackboard. Class participation will also factor into the quiz and
problem set grade. Any student that misses more than 3 classes will have a 20% penalty on these grades.
Course Outline: Students are expected to read each chapter before class. We will tentatively follow the course
outline below:
Ch. 1 Intro. to Macroeconomics . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . August 30
Ch. 2 Measuring the Macroeconomy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . September 1
Ch. 1 & 2 Quiz . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . September 4
Ch. 3 Long-run Economic Growth . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . September 6
Ch. 4 A Model of Production . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . September 8
Ch. 3 & 4 Quiz . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . September 11
Ch. 5 Solow Growth Model . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . September 13 & 15
Ch. 5 Quiz . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . September 18
Ch. 6 Growth and Ideas . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .September 20 & 22
Ch. 6 Quiz . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . September 25
Ch. 7 Labor Market, Wages, Unemployment . . . . . . . . . . . . . . . . . . . . . . . September 27
Ch. 8 Inflation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .September 29
Ch. 7 & 8 Quiz . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . October 2
Review for First Exam . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . October 4
First Exam . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . October 6
Ch. 9 Intro. to Short-run . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . October 11
Ch. 10 Great Recession: First Look . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . October 13
Ch. 9 & 10 Quiz . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . October 16
Ch. 11 The IS Curve . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . October 18 & 20
Ch. 11 Quiz . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .October 23
Ch. 12 Monetary Policy and Phillips Curve . . . . . . . . . . . . . . . . . . . . . October 25 & 27
Ch. 12 Quiz . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .October 30
Ch. 13 Stabilization Policy and AS/AD Framework . . . . . . . . . . . . . . November 1 & 3
Ch. 13 Quiz . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . November 6
Ch. 14 Great Recession and Short-run Model . . . . . . . . . . . . . . . . . . November 8 & 10
Ch. 14 Quiz . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . November 13
Review for Second Exam . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . November 15
Second Exam . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . November 17
Ch. 16 Consumption . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . November 29
Ch. 17 Investment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . December 1
Ch. 18 Government and Macroeconomy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . December 1
Ch. 16, 17, & 18 Quiz . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . December 4
Presentations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . December 6
Review . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . December 8
12:30 Section Final Exam . . . . . . . . . . . . . . . . . . . . . . . . . . . . . December 14 5:15-7:15PM
3:30 Section Final Exam . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . December 16 5:15-7:15PM
University Attendance Policy: As a Syracuse University student, you have agreed to abide by the University’s
attendance policy which can be found online. Attendance will be reported twice to SUccess throughout the semester,
as a warning if a student routinely does not attend class. Please ensure to inform me of any excused absences for
academic, athletic, or religious observances.
Academic Integrity: As a Syracuse University student, you have agreed to abide by the University’s academic
integrity policy which can be found online. Lack of knowledge of the academic integrity policy is not a reasonable
explanation for a violation. Questions related to course assignments and the academic integrity policy should be
directed to the professor.
Stay Safe Pledge: As a Syracuse University student, you have agreed to wear a mask or face covering while at
campus, maintain 6 feet of distance, and avoid class and campus when feeling ill. As your instructor, I am required
to enforce these rules in class. Repeated violations may result in discipline from the University.