University of British Columbia Department of Economics Econ 102 Section 005 Principles of Macroeconomics Sprin 201!

Course "nformation
Time Monday Wednesday Friday 3:00-4:00pm 3:00-4:00pm 3:00-4:00pm Place Hebb 100 Hebb 100 Hebb 100

Instructor: Al red !on" # ice: $uc%anan To&er '() # ice Hours: Monday Wednesday (:00-3:00pm or by appointment *mail: al red+,on"-ubc+ca TA: # ice: # ice Hours: *mail: T$A T$A

#e$tboo%
.a"an/ 0%ristop%er/ Macroeconomics/ 14t% 0anadian *dition/ (014/ Pearson+

Course &b'ective
T%e purpose o t%is introductory course in macroeconomics is to "i1e students a t%orou"% understandin" o t%e principles o economics t%at apply to 0anada as a &%ole+ T%is course places particular emp%asis on t%e study o national income and price-le1el determination/ and also de1elops students2 amiliarity &it% economic per ormance measures/ t%e inancial sector/ stabili3ation policies/ economic "ro&t%/ and international economics+ We &ill discuss t%e ollo&in" issues durin" t%e semester: 14 W%y does 56P matter to us7 (4 W%at determines 0anada2s economic "ro&t%7 34 W%at causes unemployment7 44 W%at causes t%e price le1el to luctuate7 84 W%at is t%e "o1ernment2s role in our economy7

Course &r ani(ation

9ectures &ill be used to introduce and analy3e ma:or course topics and to clari y readin" assi"nments+ ;ou s%ould attend on a re"ular basis/ since material and problems not co1ered in t%e te<t &ill/ rom time to time/ be discussed+ Wee,ly readin"s must be done in ad1ance/ prior to lectures+ =tudents are responsible or all material presented in class/ includin" announcements o e<am dates/ %andouts/ etc+

Course )ebsite
=ample e<ams &ill be posted on 0onnect >%ttp:??elearnin"+ubc+ca?connect?4+ @uestions or tutorials &ill also be posted on t%e &ebsite durin" t%e semester+ =tudents are reAuired to c%ec, t%e &ebsite at least once a &ee,+

#utorial
T%ere is no assi"nment in t%is course+ T%ere ore/ it is e<tremely important or students to attend tutorials re"ularly as TAs &ill "o o1er e<amples in tutorials+

Course Evaluation
Midterm 1 Midterm ( Final (8B (8B 80B >6ate: )t% February ':00-):18pm4 >6ate: 14t% Marc% ':00-):18pm4

E$am
*<ams &ill consist o multiple-c%oice and problem-sol1in" Auestions+ T%e inal &ill co1er material rom t%e entire course+ To prepare or e<ams/ students s%ould re1ie& all t%e rele1ant c%apters and class notes+ *<am dates in t%is outline are only tentati1e+ =tudents &ill be noti ied o t%e date o an e<am about one &ee, in ad1ance+

E$am Policy
In e<ceptional cases/ students may be e<cused rom ta,in" an e<am at t%e sc%eduled time+ To be e<cused/ t%e student must: 1+ Coti y t%e instructor o an inability to ta,e t%e e<am prior to t%e sc%eduled time o t%e e<am/ &%en possible+ (+ Pro1ide proo s o inability e+"+ a doctorDs note+ *o ma%eup e$ams +ill be arran e,- =tudent &%o missed an e<am &it% a le"itimate reason &ould %a1e t%e &ei"%t o t%e missed e<am mo1ed to t%e rest o t%e e<ams+

#entative .ea,in /ist an, Course &utline

Wee, 1 ( 3 4 8 ' ) F E 10 11 1( 13 14 Topics Introduction W%at Macroeconomics is About W%at Macroeconomics is About T%e Measurement o Cational Income A =imple Macro Model A =imple Macro Model 0ontinued A =imple Macro Model 0ontinued =%ort .un *Auilibrium 9on" .un *Auilibrium Mi,term 1 01th 2ebruary 340051415pm6 9on" .un *conomic 5ro&t% Money and $an,in" =prin" $rea, Money and $an,in" Interest .ates and *conomic Acti1ity 0anadian Monetary Policy Mi,term 2 01!th March 340051415pm6 5o1ernment 6ebt and 6e icits International Trade *<c%an"e .ates .e1ie& 0%+() 0%+(F 0%+(E 0%+3( 0%+33 0%+38 .eadin" 0%+1E 0%+1E 0%+(0 0%+(1 0%+(( 0%+(( 0%+(3 0%+(4 0%+(' 0%+()