Woodsworth College

University of Toronto

 

Economics 202Y: MACROECONOMICS

Summer 2001

 

 

Instructors:                 First Half                      Prof. Arthur Hosios

Rm. S110, 150 St. George St.

Tel. 416-978-8997

E-mail: ahosios@chass.utoronto.ca

Office Hours:  By appointment

 

 

                                    Second Half                 Mr. George Georgopoulos, Lecturer

Office: TBA

Tel. 416-287-7335

E-mail: georgop@scar.utoronto.ca

 

 

Students who successfully complete this course will have acquired an understanding of a wide variety of macroeconomic phenomena and policy issues, further developed their problem solving skills, and gained some appreciation for the role of abstract modeling in economics.

 

 

The required text is Macroeconomics (2nd Canadian Edition), 2001, Worth Publ.

by G. Mankiw & W. Scarth

 

 

The following material will be covered during the first 6 weeks of the course:

 

            1) GNP Accounting and Price Indices: Chapter 2

            2) The Long Run: Chapters 3,4,5,7,8

            3) Introduction to the Short Run: Chapters 9,10,11

 

We are scheduled to meet 12 times during the first half of the course (2 hours per session, from 10 to 12): there will be 11 lectures plus a mid-term test.  Each of the chapters listed above will be covered in about 1-2 lectures.  The answers to the questions at the end of each chapter of the textbook (excluding Chapt. 2) are available at:

 

            http://www.scar.utoronto.ca/~georgop/teaching/20201s.html

 

The mid-term test will examine the material from Chapters 2-5 and possibly 7.

 

Rules of the Game:   

 

There will be 2 term tests for a total of 50% of your final grade (the higher test score will count for 30), and a final examination for the remaining 50%.  The first test is scheduled for either June 7th or 12th (we'll decide in late May) and will be held in the same room where classes are held; the second test will be given during the 8th or 9th week of the course (the exact date will be announced in class 1-2 weeks before the test).

 

 

Missed Tests and Late Penalties:

 

Students who miss a term test will be assigned a mark of zero for that test unless, within one week of the test date, they submit to the instructor a written request for special consideration explaining the reason for missing the test and attaching appropriate documentation (a medical certificate or college registrar's note).  In the latter case, the weight assigned to the missed test will be redistributed evenly between the remaining test (if any) and the final.