Course Profile for Undergraduates Majoring in Events Management 2+2
课程编号 Course Code
400072
课程名称 Course
Macroeconomics
课程类别 Course Type
专必
学分 Credits
3
总学时 Total Contact Hours
3×18 = 54
开课学期 Semester
Spring 2014
授课教师 Instructor
余晓娟
教学助理 Faculty Assistant
None
上课时间 Class Time
Thursday, 8-10, 14:25-17:00
上课地点 location
E304
答疑时间 Office hour
Thursday, 17:00-19:00
任课老师联系方式 contact
yuxiaojuanteach@163.com
Course Description
 Macroeconomics is the study of the behavior of the economy as a whole. Two central themes will run through our survey
of macroeconomics: (1) the short-term fluctuations in output, employment, and prices that we call the business cycle and
(2) the longer-term trends in output and living standards known as economic growth. Major topics are:
o The various components of a country's macroeconomy
o The objectives and policy instruments of macroeconomy
o The framework of aggregate demand and aggregate supply, their influencing factors and approaches, and the
influence of their balance on the objectives of macroeconomy
o How to use macroeconomics to control business cycles and promote economic growth
Required Textbook and Study Guide：
Samuelson, P. A., & Nordhaus, W. D. (2011). Economics, 18th Edition. Beijing: Posts & Telecom Press.
Samuelson, P. A., & Nordhaus, W. D. (2010). Translated by Xiao Chen & Jiang Jingyuan. Macroeconomics Study Guide,
18th Edition. Beijing: Posts & Telecom Press.
Goals for Competence Development:
Besides the study of Macroeconomics itself, you will pay special attention to develop the following skills:
 Think logically and handle complex phenomena
 Construct one whole logical structure from the start to the end of semester
 Languages: both English and Chinese; both oral and written communication
 Bilingual abilities are important: Learn economics in Chinese from the Study Guide.
 Self study and social learning
 Monitor and improve your learning by testing yourself with questions in the Study Guide.
 Share your learning with your classmates
Assessment:
Item
Attendance
Points
10
Review/Presentation
10
Midterm & Final Exams
80
Rules
 You may miss one class meeting without losing points (save it for an event important
to you). After that, you will lose 2 points for each absence. After you lose all 10
points, you FAIL the class.
 Sign the attendance sheet during the class meeting.
 Clearly and effectively communicate your ideas to your classmates.
Presenters for assigned topic: 10 minutes for each presenter, using PowerPoint slides
Reviewers for each chapter: 10 minutes, using chalks and blackboard
 Midterm covers Chapter 20 to 26; Final covers Chapter 27 to 32.
1/4
Course Content and Tentative Schedule：
Week 1, 3/5, Chapter 20. Overview of macroeconomics
A. Key concepts of macroeconomics
☆The birth of macroeconomics ☆Objectives and instruments of macroeconomics ☆International linkages
B. Aggregate supply and demand
☆Inside the macroeconomy: aggregate supply and demand ☆Macroeconomic history [US]
Week 2, 3/12, Chapter 21. Measuring economic activity
☆Gross domestic product ☆Details of the national accounts ☆Price indexes and inflation
Presenter 1 關雯靜: The Problem of "Double Counting" (p427-428)
Presenter 2 陳靜穎: Saving and Investment (p437-438)
Reviewer: 黄珏
Week 3, 3/19, Chapter 22. Consumption and investment
A. Consumption and saving
☆Consumption, income and saving ☆National consumption behavior
B. Investment
☆Determinants ☆The investment demand curve
Presenter 1 盛淡: The Consumption Function (p.450)
Presenter 2 陈妍瑾: The Marginal Propensity to Consume (p.452)
Presenter 3 黄婷玮: Shifts in the Investment Demand Curve (p.461-462)
Reviewer: 陈钰怡
Week 4, 3/26, Chapter 23. Business fluctuations and the theory of aggregate demand
A. Business fluctuations:
☆Features of the business cycle ☆Business-cycle theories ☆Forecasting business cycles
B. Foundations of aggregate demand
☆The downward-sloping aggregate demand curve ☆Relative importance of factors influencing demand
Presenter 1 周颀茵: Exogenous vs. Internal Cycles (p.469-470)
Presenter 2 赵若男: Demand-Induced Cycles (p.471-472)
Presenter 3 黄锔: Shifts in Aggregate Demand (p.476)
Reviewer: 羅芫坤
Week 5, 4/2, Review (questions from Study Guide)
Week 6, 4/9, Chapter 24. The multiplier model
A. The basic multiplier model
☆Output determination with saving and investment ☆Output determined by total expenditures ☆The multiplier
B. Fiscal policy in the multiplier model
☆How government fiscal policies affect output ☆Fiscal-policy multipliers ☆Multipliers in action
Presenter 1 曾韵蓓: Graphical Picture of the Multiplier (p487-488)
Presenter 2 袁焕诗: The Multiplier Model Compared with the AS-AD Model (p488-489)
Presenter 3 杨紫芊: Impact of Taxes (p495-496)
Reviewer: 黄宇晴
2/4
Week 7, 4/16, Chapter 25. Financial markets and the special case of money
A. The modern financial system
☆Role and functions ☆A menu of financial assets ☆Interest rates and the return on financial assets
B. The special case of money
☆The evolution of money ☆The demand for money
C. Banking and the supply of money
☆Modern fractional-reserve banking ☆The process of deposit creation
D. The stock market
Presenter 1 余乐: Real vs. Nominal Interest Rates (p508-509)
Presenter 2 易恺诚: Two Sources of Money Demand (p514)
Presenter 3 彭晓欣: Two Qualifications to Deposit Creation (p520)
Reviewer: 孙子晴
Week 8, 4/23, Chapter 26. Central banking and monetary policy
A. Central banking and the Federal Reserve system
☆The Federal Reserve system ☆The nuts and bolts of monetary policy
B. The effects of money on output and prices
☆The money market ☆The monetary transmission mechanism
Presenter 1 叶可欣: Open-Market Operations (p536)
Presenter 2 杨祎晨: Supply and Demand for Money (p543-544)
Presenter 3 潘盛: Monetary Policy in the AD-AS Framework (p548)
Reviewer: 汪嘉文
Week 9, 4/30, Review and Midterm Exam
Week 10, 5/7, Chapter 27. The process of economic growth
A. Theories of economic growth
☆The four wheels of growth ☆Theories of economic growth
B. The patterns of growth in the United States
Presenter 1 滕雨玫: Geometrical Analysis of the Neoclassical Model (p565)
Presenter 2 孙皓: The Growth-Accounting Approach (p570)
Reviewer: 刘佳苑
Week 11, 5/14, Chapter 28. The challenge of economic development
A. Economic growth in poor countries
☆Aspects of a developing country ☆The four elements in development ☆Strategies of economic development
B. Alternative models for development
☆A bouquet of 'isms" ☆The failed model: Soviet communism
Presenter 1 程珧: Human Resources (p580)
Presenter 2 贺天: Growth and Outward Orientation (p585)
Presenter 3 许云琦: Socialism (p589-590)
Reviewer: 刘宁
3/4
Week 12, 5/21, Chapter 29. Exchange rates and the international financial system
A. The balance of international payments
B. The determination of foreign exchange rates
C. The international monetary system
☆Fixed exchange rates ☆Flexible exchange rates ☆Managed exchange rates ☆Today's hybrid system
Presenter 1 陈子平: Effects of Changes in Trade (p606-607)
Presenter 2 林婉莹: Flexible exchange rates (p614-615)
Reviewer: 陈欣彤
Week 13, 5/28, Review (questions from Study Guide)
Week 14, 6/4, Chapter 30. Open-economy macroeconomics
A. Foreign trade and economic activity
☆Short-run impact of trade on GDP ☆Macroeconomic policy and the exchange-rate system
B. Interdependence in the global economy
☆Economic growth in the open economy ☆Saving and investment in the open economy
☆Promoting growth in the open economy
C. International economic issues at century's start
☆Competitiveness and productivity ☆The European Monetary Union
Presenter 1 梁珈铭: Determinants of Trade and Net Exports (p620)
Presenter 2 陈明月: The Open-Economy Multiplier (p623-624)
Presenter 3 梁文韬: Closed Economy (p629)
Reviewer: 梁霭彤
Week 15, 6/11, Chapter 31. Unemployment and the foundations of aggregate supply
A. The foundations of aggregate supply
☆Determinants of aggregate supply ☆Aggregate supply in the short run and long run
B. Unemployment
☆Measuring unemployment ☆Impact of unemployment ☆Economic interpretation of unemployment
☆Labor market issues
Presenter 1 陈佳敏: Input Costs (p647)
Presenter 2 李梓恺: OKUN's LAW (p653-654)
Reviewer: 谭翘楚
Week 16, 6/18, Chapter 32. Ensuring price stability
A. Definition and impact of inflation
B. Modern inflation theory
☆Prices in the AD-AS framework ☆The Phillips curve
Presenter 1 李玉婷: Three Strains of Inflation (p671)
Presenter 2 李炜铭: Expectations and Inertial Inflation (p677)
Reviewer: 何韵琪
Week 17, 6/25, Review (questions from Study Guide)
Week 18, 7/2, Final Exam
4/4