INTERMEDIATE MACROECONOMICS
Instructor : So Ra Chon
Meeting Time : MW 8:30-10:20
Classroom : SIG 227
Email : sorachon@uw.edu
Office : 319G
Office Hours : MW 10:40~11:40 am or by appointment
Textbook : Macroeconomics by Olivier Blanchard 6 th
edition
Class Website : https://catalyst.uw.edu/workspace/sorachon/40488/
Files will be added to the pages for you periodically to have access to.
Online grade book will be also provided for you to track your own grades.
Course Description:
Economics is the study of how individuals and societies choose to use scarce resources to satisfy unlimited human wants. In Macroeconomics, we study how the overall economy works. Students will be introduced to intermediate level economic models that are designed to explain certain macroeconomic phenomena and problems such as growth, output, unemployment, and inflation. In addition, we will analyze certain aspects of the financial system. We will also analyze the strengths and weaknesses of the different government policies in influencing the overall economy.
Prerequisites:
2.0 in ECON 201, 2.0 in ECON 300.
Objectives:
Students will
•
Understand and be able to use macroeconomic terminology.
•
Understand how the economy works in the aggregate level.
•
Learn how the macroeconomic variables are related.
•
Learn to read and interpret the empirical information in macroeconomic data, graphical displays, and tables.
•
Analyze the sources of long-term prosperity and the contributing factors to long term economic growth.
•
Analyze the causes of short-term economic fluctuations (business cycles) and the

mechanism of “fixing” the economy to restore full employment (low unemployment) and low inflation.
•
Analyze the emergence and the effects of rising national debt
•
Analyze the current international macroeconomic issues and policy debates
Grade:
There will be 4 quizzes, 2 exams. Your final grade will be calculated in the following manner: (100% = exam1 35% + final exam 35 % + quizzes 30% )
Quizzes:
Three announced quizzes will be given in class during the quarter. Each quiz will be about 20-25 minutes in length. The lowest score will not be included in your total grade. The lowest score will not be included in your total grade. There is no make-up quiz.
The quizzes are given as scheduled below 10/7, 10/21, 11/18, and 11/25. None of the quizzes are cumulative.
Exams:
The exams are given as scheduled below 10/30 and 12/10. The final exam is not cumulative, but you need to understand the important concepts from previous chapters, too.
Final Exam: Tuesday, December 10, 2013,830-1020, SIG 227
If you miss exam1 and provide a valid documentation that proves the emergency relevant to your absence from the exam, your final exam score will be given to your midterm exam. This is equivalent to having the final exam to account for 70% of your total score. Without a valid documentation, you will receive “fail”.
If you miss final exam and provide a valid documentation that proves the emergency relevant to your absence from the exam, you will receive “incomplete”. Again, without a valid documentation, you will receive “fail”. If you miss both exams, you will receive “fail” with no exceptions.
If you miss any of the quizzes, you will receive zero point for the quiz with no

exceptions.
You may need a simple 4 function calculator ( No graphing calculators, i-pods, iphones, or any i-like-tools are allowed .) for some of the questions on quizzes/exams.
Final Grade:
There is a set of grading guidelines for Econ 301. The upper median grade for this class should not be higher than 3.1.
Therefore, a 4.0 grading scale will be sent to all students through the class e-mail list after results of the final test come out.
Extra Grade:
Students who participate actively in class will receive extra credits up to 0.2 on a 4.0 scale. The maximum number of recipients will be about 5%~10% of class.
Tentative Schedule: The course will address the following issues in the following order:
Monday Wednesday
Chapter 3 [Sep 30]
‘The Goods Market’
Chapter 5 [Oct 7]
‘Goods and Financial Markets: The IS-LM Model’
Quiz 1
Chapter 7-1 [Oct 14]
‘Putting All Markets Together: The AS-AD Model’
Chapter 2 [Sep 25]
‘A Tour of the Book’
Chapter 4 [Oct 2]
‘Financial markets’
Chapter 6 [Oct 9]
‘The Labor Market’
Chapter 7-2 /Chapter 8 [Oct 16]
‘Putting All Markets Together: The AS-AD Model’/
‘The Phillips Curve the Natural Rate of Unemployment, and Inflation’
Chapter 10 [Oct 23]
‘The Facts of Growth’
Chapter 8/Chpater9 [Oct 21]
‘The Phillips Curve the Natural Rate of Unemploym ent, and Inflation’/ ‘The Crisis’
Quiz 2
Review [Oct 28]
Chapter 11 [Nov 4]
‘Saving, Capital Accumulation, and Output’
Veterans day (No class)
Test 1 [Oct 30]
Chapter 12 [Nov 6]
‘Technological Progress and Growth’
Chapter 13/14 [Nov 13]
‘The technological Progress: The Short, the Medium, an d the Long run’/ ‘Expectations: The basic Tools’

Chapter 14 [Nov 18]
‘Expectations: The basic Tools’
Quiz 3
Chapter 16 [Nov 25]
‘Expectations, Consumption, and Investment’
Quiz 4
Chapter 15 [Nov 20]
‘Financial Markets and Expectations’
Chapter 17 [Nov 27]
Expectations, Output, and Policy’
Review [Dec 2 ] Review [Dec 4 ]
Final Exam: Tuesday, December 10, 2013,830-1020, SIG 227
Additional Help
The Economics Undergrad Board offers tutoring and for a schedule of drop in hours go to http://depts.washington.edu/ecnboard/ and click on tutoring schedule.
Accommodations
If you anticipate needing any type of accommodations in order to participate in this class, please inform me in full confidence of privacy and make the appropriate arrangements with the Disability Services Office (DSO).