SYLLABUS

ECO 3200 (section FTR) Intermediate Macroeconomics

Course:               Intermediate Macroeconomics
Instructor:          Dr. Feridoon Koohi-Kamali
Class Time: Tuesday & Thursday 4.10-5.25 PM
Class Location: A-5SO Building 17, Lex. x 23
Office Hours:     Tuesdays 2.30-4.00 PM; and by appointment
Office:                
Phone:                
E-mail:                feridoon.koohi-kamali@baruch.cuny.edu

Textbook: Richard T. Froyen, Macroeconomics: Theories and Policies, 10th Edition (Pearson)
ISBN-13: 978-0-13-283152-9; ISBN-10: 0-13-283152-X

There may be other readings provided through blackboard. You will also need to be familiar with
current economic issues and policy debates by regularly reading some of the following
newspapers/magazines: The New York Times, The Huffington Post, The Financial Times, The Wall
Street Journal, etc.

The objective of the course is to provide students with an understanding of various macroeconomic
theories and models. We will start with the neoclassical model of the pre-Great Depression era, and then
continue to develop the standard Keynesian macro model, including various interpretations of Keynes’
contributions in The General Theory. The alternatives to standard Keynesian economics (Monetarist,
New Classical, Real Business Cycle, New Keynesian) will be explored. Throughout the course we will
analyze real world economic issues through the economic models we study to understand the practical
value of the theoretical knowledge, and gain about. We will also examine how data collection and
manipulation can throw light on the plausibility of different Macroeconomic hypotheses.

Expectation: This is a demanding course which requires careful and serious study. Please organize into
small study groups of three to review the material collectively. You need to do your reading ahead of the
lectures and read regularly, and your class contribution depends on that (see below).

Evaluation:
Midterm Exam (one) 25%
Final Exam (cumulative) 40%
Problem Sets (two) 20%
In-class Quizzes (five) 10%
Participation 5%

Grade Determination
Total Points Letter Grade
93-100 A
90-92.9 A-
87-89.9 B+
84-86.9 B
80-82.9 B-
77-79.9 C+
74-76.9 C
70-72.9 C-
67-69.9 C-
67-69.9 C-
67-69.9 D+
60-66.9 D
<60 F

Exams and exercises: You will have to complete the final exam to pass the course, if you miss the mid-
term, I will place the weight of your final exam grade on the missed exam. The in-class quizzes done
outside the class are not acceptable; all activities, except mid-term and final exams, are open book/open
notes. The deadline for each problem set is just before each exam and meant to provide exam revision
practice; submissions must be handed in hard-copy in class; not by email. If you have a final day with
more than one exam, please contact the instructor in your other courses as to arrange a different date and
set of exam question as soon as possible. I regard participation a critical component of your course; to
obtain grade benefits from it, I must see extensive classroom participation. To give my students
maximum flexibility of time, I will put up the entire course lecture notes, Problem Set and in-class quiz
questions on Blackboard in advance, at the beginning of the course, so you can plan your study and
course work in your own pace.

I GIVE NO MAKE-UP EXAM & OFFER NO EXTRA CREDIT.

Use of Electronics: Absolutely no electronics may be used in the classroom during class or exam time.
Cell phones, laptops, ipods and all other electronic devices should stay in your bags and be turned either
off or on silent mode. You can bring a basic calculator to class. Cell phones cannot be used as
calculators. Please do not bring food to the class.

Academic Dishonesty: Academic honesty is fundamental to the activities and principles of Baruch
College. The members of the academic community must be confident that each person’s work has been
responsibly and honorably acquired, developed, and presented. The academic community regards
academic dishonesty as an extremely serious matter. If a student is caught cheating, I will report the
incident to the Office of the Dean. All borrowed work must be properly cited. When in doubt about
plagiarism, paraphrasing, quoting, or collaboration, consult me. Please read carefully the statement on
Falsification of Records & Official Documents” CUNY policy here:
http://policy.cuny.edu/manual_of_general_policy/article_i/policy_1.03/#Navigation_Location

Accommodation of Disability: The Office of Student Disability Service (SDS) is dedicated to the
provision of equal access to the College curriculum. However, early planning is essential for many of
the resources, adjustments, and accommodations; students should ask SDS at the earliest possible date to
inform me if you wish to have their exams at the SDS location.
Policies on Non-Discrimination: The Baruch College prohibits discrimination based on age, gender,
sexual orientation, alienage or citizenship, religion, race, color, nationality, ethnic origin, veteran,
military or marital status of its student admissions, employment, access to programs, and administration
of educational policies. Information is also available on Baruch College website under Office of
Diversity: http://www.cuny.edu/affirmativeaction/
NOTE: As the course progresses, students should expect some changes in the syllabus depending
on student response, and my assessment of the class.
TENTATIVE SCHEDULE OF TOPICS
Date Topic Reading(s) _______________
Week 1:
Introduction Ch. 1
Measuring Macroeconomic Performance Ch. 2
Week 2:
The Neoclassical Model: Output and Employment Ch. 3
Week 3:
The Neoclassical Model: Money, Prices, Int. Rates Ch. 4
Week 4:
The Keynesian System: Aggregate Demand Ch. 5
Week 5:
Feb. 27&Mar.1 REVISION & MIDTERM EXAM
Week 6:
The Keynesian System: IS-LM Ch. 6
Week 7:
The Keynesian System: Policy Effects in IS-LM Ch. 7
Week 8:
The Keynesian System: Aggregate S and D Ch. 8
Week 9:
The Monetarist Counterrevolution Ch. 9
Week 10:
Mar.30-Apr.8 NO CLASS-SPRING BREAK RECESS
Week 11:
Monetarism (continued) Ch. 9
Week 12:
The Phillips Curve and the NRU/NAIRU Ch. 10
Week 13:
New Classical Economics Ch. 11
Week 14:
Real Business Cycles and New K. Economics Ch. 12
Week 15:
Exchange Rates; International Monetary System Ch. 14
Week 16:
May 15 FINAL REVISION AND SUMMARY
May 17-24 FINAL EXAM