MICROECONOMICS
(and MACROECONOMICS) AND POLICY ANALYSIS II U8216
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Course
information Office Hours: Tuesday e-mail:
cp2124@columbia.edu |
Contact information 1402C IAB 420 West 118th Street Telephone: 854-4476 |
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Section 1 Lectures: MW TAs |
Section 2 Lectures: MW PA s |
TAs and Tutorials
The
teaching assistant will run a weekly session to review class material and help
with the problem sets, and in addition will schedule weekly office hours.
Texts
For
the microeconomics section: Robert S. Pindyck and
Daniel L. Rubinfeld (2000), Microeconomics, 6th edition (required). For the macroeconomics section: Gregory N. Mankiw (2003) Macroeconomics,
5th edition
Problem
sets
There
will be six problem sets. If you complete all of the problem sets, the lowest grade
will be dropped. Note that there are no
late submissions; a late is a zero.
Group
Project: Students should
form groups of three; the TA will assist those students who are unable to form
their own groups. Each group is responsible for finding an article from a
general-interest newspaper or magazine from June 2005 or later, and presenting
an economic analysis of the content of the article. In addition the
presentation must include a discussion of the policy implications of the
article. Groups must have their article approved by the TA (deadline:
TBA), and then present a 15-minute (maximum) analysis in class and a 3 page
(maximum, including all figures and charts) written analysis summarizing their
presentation.
Grading:
The grade will be determined by a final exam (40%), a midterm (30%), problem sets (15%), the group project (10%), and class participation (5%). Failure to complete the final exam will result in a failing grade. Failure to complete the midterm, a problem set, or the presentation will lead to zero being assigned for that evaluation. There are no make-up exams or alternate dates. Failure to participate in a group project will lead to a full letter reduction in the grade.
Attending
class: It is essential
that you are able to attend all classes. Do not plan travel, take other
classes, enroll in internships, or make other commitments that conflict with
class dates. Note that the midterm, final exam, and group presentation are all
in class time. Dates of the exams, problem sets, and group projects may change
depending on the pace of the lectures.
Schedule
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January
18 |
An introduction to production, technology,
scale Reading: PR chapter 6. |
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January
23 |
Cost, cost minimization Reading: PR chapter 7. |
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January
25 |
Profit, profit maximization, supply Reading: PR chapter 8. |
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January
30 |
Production
review Reading:
Review PR chapters 6-8. |
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February
1 |
Surplus Reading:
PR chapters 4.1, 9.1-9.4 |
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February
6 |
Monopoly.
Reading:
PR chapter 10, 14.3-14.4 |
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February
8 |
Regulating
market power/price discrimination/deregulation Reading:
PR chapter 11. |
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February
13 |
Group
presentations |
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February
15 |
International
trade and globalization. Reading:
PR chapter 16.5 |
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February
20 |
Group
presentations |
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February
22 |
International
trade and globalization (continued) |
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February
27 |
Review |
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March
1 |
Midterm |
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March
6 |
National Income
Reading:
Mankiw chapter 3 |
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March
8 |
Money
and Inflation Reading: Mankiw chapter 4 |
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March
13, 15 |
Spring
Break |
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March
20 |
The
Open Economy Reading:
Mankiw chapter 5 |
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March
22 |
Unemployment Reading:
Mankiw chapter 6 |
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March
27 |
Economic
Growth I Reading:
Mankiw chapter 7 |
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March
29 |
Economic
Growth II Reading:
Mankiw chapter 8 |
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April
3 |
Government
Debt |
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April
5 |
Consumption |
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April
10 |
Introduction
to Economic Fluctuations. |
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April
12 |
Aggregate
Demand I |
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April
17 |
Group
presentations |
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April
19 |
Aggregate
Demand II |
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April
24 |
Group
presentations |
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April
26 |
Conclusion |
May 1 |
Final Exam |
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