宏观经济学（Macroeconomics)

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个人介绍

主讲教师：王长波

教师团队：共7位

Changbo Wang（王长波）
Jing Deng（邓晶）
Donglan Zha
Chun Xu (许春）
Yueling Wei（魏悦羚）
Yanfang Zhang（张言方）
Xiaoqing Hao（郝晓晴）

学校：	Nanjing University of Aeronautics and Astronautics
开课院系：	College of Economics and Management
开课专业：	International Business
课程英文名称：	Macroeconomics
学分：	3
课时：	48

Course Description

1. Course nature and academic status
Macroeconomics is key basic course for students major in economics. Branch of economics that deals with aggregate economic variables, such as the level and growth rate of national output, interest rates, unemployment, and inflation.
Academic status: undergraduate
2. Course aims (theory, ability and technique)
●To introduce the role of the aggregate economy, including the topics of inflation, unemployment, business cycles, gross domestic product, money, fiscal policy, and monetary policy.
●To provide an intensive examination of alternative schools of macroeconomics and their differences.
●To give an introduction of theoretical foundation and operational mechanism of government interference in macro economy
Requirements for courses ability and knowledge in advance
• Requirements for course
Microeconomics
Calculus
• Ability and knowledge in advance
Master the basic knowledge of microeconomics and understand how the individual economic agents behavior in the market economy.
Masters the basic mathematical skill to calculate the sum of a series of numbers.
3. Course structure explanation:
Make clear the necessary parts, optional parts, distribution of hours. Courses with experiments or practice are expected to explain hours needed, content, scheme and functions.
Part I The Data of Macroeconomics (8 lecture hours)
Measuring a Nation’s Income
Basic concepts of national accounts, including the introduction of GDP, GNP, NDP, NNP, NI, PI, and DPI. The measurement of GDP and its components. Real versus nominal GDP. GDP and economic well-being, banking, financial market, financial institutions.
Measuring the Cost of Living
Introduction of definitions of CPI, PPI, and how to correct economic variables for the effects of inflation.
Part II The Real Economy in the Long Run (10 lecture hours)
Saving, Investment, and the Financial System
Saving and investment in the national income, including the introduction of financial institutions. and the market for loanable funds.
The Natural Rate of Unemployment
The identification of unemployment. Minimum-Wage law. Union and collective bargaining. And the theory of efficiency wages.
Part III The Equilibrium Analysis of national income (22 lecture hours)
The NI-AE Analysis Approach
The determination of equilibrium output in the goods market and it changes. The basic multiplier model and calculating of multipliers. And fiscal policy in the multiplier model.
The IS-LM Model
The Introduction of IS and LM curve. The determination of equilibrium output in both the goods and money markets and their changes. And the fundamental framework of Keynes’ theory.
The AS-AD Analysis Approach
Introductions of aggregate demand curve and aggregate supply curve. And how to use them to explain the economic phenomenon.
Part IV Money and Price in the Long Run (8 lecture hours)
The Monetary System
Introductions of meaning of money. The classification of money such as Mo, M1, M2. And how banking system affects money supply.
Inflation: Its Costs and Causes
Introduction of the causes of inflation and the costs of it.
Part V The Warring School of Macroeconomics 8 lecture hours)
The Warring School of Macroeconomics
The introductions of macroeconomics schools, and their theories and different analysis and policy amplifications in solving macroeconomic problems, including classical stirrings and Keynesian revolution. The Monetarist approach. New Classical Macroeconomics. And the Supply –Side economics
4. Teaching methods (Lectures, practice, etc.)
• Instructor’s lecture
The course mainly depends on instructor’s lectures to deliver basic knowledge to students. Students are required to attend the class regularly and preview each chapter in the textbook.
• Students’ presentation
The course also promotes students’ self-learning ability. Students are assigned to different research groups. They will investigate specific topics in macroeconomics, search extra information for case studies, and present their findings in class.

Forms of examination and requirements

Structure of the final grade(including presence, class performance, ), focus of exam, forms of exam(test, interview, final report, etc)

The assessment methods consist of:

• Final exam (40%)
• On-line test (30%)
• Homework (15%)
• Attendance (15%)
• Bonus (1 point)

Faculty