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Course Information
Macroeconomics
Plaksha University, Spring 2023
Course Instructor: Kriti Khanna
Class Location: Room 1102, Academic Block
Class Time: Mon 11am - 12:50pm, Tue 3-3:50pm, Wed 12-12:50pm
Course Credits: 4
Instructor Office Location: Room 1203, Academic Block
Email: kriti.khanna@plaksha.edu.in
Teaching Assistants: Bharat / Saurabh Shukla
Course Overview
This course gives students the background they need to understand the broad movements in
the global economy. Key topics include long-run economic growth, technological change,
booms and recessions, inflation, interest rates, monetary and fiscal policy, wage inequality,
international trade, and exchange rates. By the end of the course, students should be able to
read and understand the discussions of macroeconomic issues in The Economist, The
Economic Times and Mint, The Wall Street Journal, etc.
Syllabus
Core texts
Jones, C.I. 2020. Macroeconomics, international student edition – 5th ed. New York: W.W.
Norton and Co.
Williamson, Stephen 2018. Macroeconomics, Sixth Edition, Pearson Editors. N.Y.
Grading
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Mid-Semester Exam (Written)
Final Exam (Written)
Homework Assignments
In-Class Group Activities
Newspaper/Magazine/Journal article presentations
Class Participation
Attendance
20%
30%
20%
10%
10%
5%
5%
WEEK
Date
LECTURE
TOPIC
WEEK 1
Jan 18
1.1
Introduction to Macroeconomics
Wednesday
(1hr)
WEEK 2
WEEK 3
WEEK 4
WEEK 5
Jan 20
1.2
Friday
(1hr)
Measuring the Macroeconomy
Jan 23
2.1
Monday
(2hrs)
Measuring the Macroeconomy
Jan 24
2.2
Tuesday
(1hr)
The Long-Run: Overview of Long-Run Economic
Growth
Jan 25
2.3
Wednesday
(1 hr)
Assignment 1 Discussion
Jan 30
3.1
Monday
(2hrs)
The Long-Run: Model of Production
Jan 31
3.2
Tuesday
(1hr)
The Long-Run: The Solow Model
Feb 1
3.3
Wednesday
(1 hr)
Group Activity 1
Feb 6
4.1
Monday
(2hrs)
Article Discussion 1 and Assignment 2 Discussion
Feb 7
4.2
Tuesday
(1hr)
The Long-Run: The Solow Model
Feb 8
4.3
Wednesday
(1 hr)
The Long-Run: The Solow Model
Feb 13
5.1
Monday
(2hrs)
Group Activity 2 & Article Discussion 2
WEEK 6
WEEK 7
WEEK 8
Feb 14
5.2
Tuesday
(1hr)
Assignment 3 Discussion
Feb 15
5.3
Wednesday
(1 hr)
The Long-Run: Endogenous Growth
Feb 20
6.1
Monday
(2hrs)
The Long-Run: Endogenous Growth
Feb 21
6.2
Tuesday
(1hr)
The Long-Run: Endogenous Growth
Feb 22
6.3
Wednesday
(1 hr)
Group Activity 3
Feb 27
7.1
Monday
(2hrs)
Article Discussion 3 & Assignment 4 discussion
Feb 28
7.2
Tuesday
(1hr)
The Labor Market, Wages, and Unemployment
March 1
7.3
Wednesday
(1 hr)
The Labor Market, Wages, and Unemployment
March 6
8.1
Monday
(2hrs)
Article Discussion 4 & Assignment 5 discussion
March 7
8.2
Tuesday
(1hr)
Review for Mid-Semester Exam
March 8
7.3
Wednesday
(1 hr)
Holiday - Holi
MidSemester
Exams
March 1318
WEEK 9
March 20
9.1
Monday
(2hrs)
Mid-term Exam Discussion
March 21
9.2
Tuesday
(1hr)
Inflation
March 22
9.3
Wednesday
(1 hr)
The Short Run: Introduction to Short-Run
March 27
10.1
Monday
(2hrs)
The Short Run: The Great Recession: A First Look
March 28
10.2
Tuesday
(1hr)
Assignment 6 Discussion
March 29
10.3
Wednesday
(1 hr)
The Short Run: The IS Curve
April 3
11.1
Monday
(2hrs)
The Short Run: The IS Curve
April 4
11.2
Tuesday
(1hr)
Holiday – Mahavir Jayanti
April 5
11.3
Wednesday
(1 hr)
Group Activity 4
April 10
12.1
Monday
(2hrs)
The Short Run: Monetary Policy and the Phillips
Curve
April 11
12.2
Tuesday
Assignment 7 discussion
WEEK 10
WEEK 11
WEEK 12
(1hr)
WEEK 13
WEEK
14
WEEK
15
WEEK
16
April 12
12.3
Wednesday
(1 hr)
The Short Run: Monetary Policy and the Phillips
Curve
April 17
13.1
Monday
(2hrs)
The Short Run: Stabilization Policy and the AS/AD
Framework
April 18
13.2
Tuesday
(1hr)
Group Activity 5
April 19
13.3
Wednesday
(1 hr)
Assignment 8 Discussion
April 24
14.1
Monday
(2hrs)
The Short Run: Stabilization Policy and the AS/AD
Framework
April 25
14.2
Tuesday
(1hr)
Group Activity 6
April 26
14.3
Wednesday
(1 hr)
Assignment 9 Discussion
May 1
15.1
Monday
(2hrs)
The Short Run: The Great Recession, the Covid-19
Recession and the Short-Run Model
May 2
15.2
Tuesday
(1hr)
Article Discussion 5
May 3
15.3
Wednesday
(1 hr)
Exchange Rates and International Finance
May 8
16.1
Monday
(2hrs)
Exchange Rates and International Finance
WEEK
17
May 9
16.2
Tuesday
(1hr)
Government and the Macroeconomy
May 10
16.3
Wednesday
(1 hr)
Group Activity 7
May 15
17.1
Monday
(2hrs)
Article Discussion 6 & Assignment 10 discussion
May 16
17.2
Tuesday
(1hr)
Review for Final Exam