01:220:321:04 Spring 2013

Intermediate Macroeconomics

Course: Economics 321 (Section 04)
Room: Murray Hall 213
Time: Monday and Thursday, 11.30 am 12:50 pm

Instructor: Prof. Cristina Fuentes-Albero
415 New Jersey Hall, College Ave Campus
cfuentes@econ.rutgers.edu Office hours: Monday 2:30 4:30pm or by appointment

Teaching assistant: Youngseok Park
406 New Jersey Hall, College Ave Campus
ypark@economics.rutgers.eduOffice hours: Wednesday, 2:00pm - 4:00pm, Thursday
10:00am 11:00 am, or by appointment

Prerequisites: Intro to Microeconomics (220:102), Intro to Macroeconomics (220:103),
and Calculus I (640:135 or 640:151, or equivalent)

Course Materials: The required textbook is Macroeconomics Policy and Practice (1st
edition) by Frederic S. Mishkin.

You are also required to enroll in MyEconLab, an on-line platform where problem sets
will be assigned and graded. An access code for MyEconLab can be purchased either
bundled together with the textbook or separately. Information on how to register can be
found on the course Sakai site. Please register with MyEconLab within 48 hours of the
first class. The MyEconLab course ID for your section is: !"#$%#&'()*#+,-./00.

Registering for MyEconLab is mandatory. Assignments will be posted every week and
can only be answered on line. You can access the site free of charge during a grace period
(which lasts 17 days) but you must register to do so.


Evaluation:

Homework



30%



Due online Thursday by 10:00 pm
Quiz1 10% February 14 (in class, 10 minutes)
Quiz 2 25% March 14 (in class, 75 minutes)
Quiz 3
Quiz 4
25%
10%
April 18 (in class, 75 minutes)
May 2 (in class, 10 minutes)


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Missed exams are excused only for medical reasons or emergencies, and only with a
note from the Dean's office or a signed form from a physician's office. The student or
someone acting on behalf of the student must notify the instructor within 24 hours after
the missed exam

The following is the correspondence between average percentage scores and letter grades
that will be used for this class:

Grade: A. Minimum average percentage score: 90%
Grade: B+. Minimum average percentage score: 85%
Grade: B. Minimum average percentage score: 75%
Grade: C+. Minimum average percentage score: 65%
Grade: C. Minimum average percentage score: 60%
Grade: D. Minimum average percentage score: 55%

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>%%#$4($3#? Stuuents aie expecteu to attenu all classes. If you will miss one oi two
classes because of illness oi a family emeigency, please use the 0niveisity absence
iepoiting website: https:sims.iutgeis.euussia to inuicate the uate anu ieason
foi youi absence. An email is automatically sent to me.

Academic Integrity: Cheating will not be tolerated. The University has established
severe penalties for cheating. The Universitys policy on academic integrity is found in
the official catalogue at http://academicintegrity.rutgers.edu/academic-integrity-at-rutgers

Learning outcomes: This class analyzes general equilibrium models of a monetary
economy. Along the way, a student should gain a thorough understanding of the IS/LM
model, the effect of monetary and fiscal policy on output and prices, the factors effecting
economic growth, and issues related to the long-run solvency of the fiscal sector.

Tentative Course outline: The outline below provides an overview of the topics we will
cover and may be revised slightly over the course of the semester.

Introduction: Chapters 1-2
Macroeconomic basics: Chapters 3-4
Quiz 1 (February 14)

Macroeconomic basics: Chapter 5
Economic growth: Chapter 6
Business Cycles: Chapter 8-9
Quiz 2 (March 14)

Business Cycles: Chapters 10-13
Finance and the Macroeconomy: Chapter 14
Quiz 3 (April 18)

Finance and the Macroeconomy: Chapter 15
Macroeconomic Policy: Chapter 16 and Chapter 20
Quiz 4 (May 2)