MICROECONOMICS (and MACROECONOMICS) AND POLICY ANALYSIS II            U8216

School of International and Public Affairs                                                                            Spring 2006

Columbia University                                                                                   Cristian “Kiki” Pop-Eleches

 

Course information

Office Hours:  Tuesday 11:10 – 1 pm

e-mail: cp2124@columbia.edu

 

Contact information

1402C IAB

420 West 118th Street

Telephone:  854-4476

 

Section 1

Lectures: MW 11am – 12:50pm (404 IAB)

 

 

TA’s
 KaluzaKamil   kk2308@columbia.edu
 LaBarbera, Jessica    jml2123@columbia.edu
 Kinneen, Kelly    kak2118@columbia.edu

 

Section 2

Lectures:  MW 2.10pm – 4pm   (404 IAB)

 

 

PA’ s
 Cuesta, Angela      amc2132@columbia.edu
 Smeby, Anna            ams2138@columbia.edu
 Kapur, Prerna          pk2154@columbia.edu

 

 

TA’s 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

January 18

An introduction to production, technology, scale

Reading: PR chapter 6.

January 23

Cost, cost minimization

Reading: PR chapter 7.

January 25

Profit, profit maximization, supply

Reading: PR chapter 8.

January 30

Production review

Reading: Review PR chapters 6-8.

February 1

Surplus

Reading: PR chapters 4.1, 9.1-9.4

February 6

Monopoly.

Reading: PR chapter 10, 14.3-14.4

February 8

Regulating market power/price discrimination/deregulation

Reading: PR chapter 11.

February 13

Group presentations

February 15

International trade and globalization.

Reading: PR chapter 16.5

 

 

February 20

Group presentations

February 22

International trade and globalization (continued)

February 27

Review

March 1

Midterm

March 6

National Income

Reading: Mankiw chapter 3

March 8

Money and Inflation

Reading: Mankiw chapter 4

March 13, 15

Spring Break

March 20

The Open Economy

Reading: Mankiw chapter 5

March 22

Unemployment

Reading: Mankiw chapter 6

March 27

Economic Growth I

Reading: Mankiw chapter 7

March 29

Economic Growth II

Reading: Mankiw chapter 8

April 3

Government Debt

Reading: Mankiw chapter 15

April 5

Consumption

Reading: Mankiw chapter 16

April 10

Introduction to Economic Fluctuations.

Reading: Mankiw chapter 9.1-9.3.

April 12

Aggregate Demand I

Reading: Mankiw chapter 10

April 17

Group presentations

April 19

Aggregate Demand II

Reading: Mankiw chapter 11

April 24

Group presentations

April 26

Conclusion

May 1

Final Exam