Syllabus: ECON 4002.02-101 (17086)
Intermediate Macroeconomics Theory
Autumn 2022
Instructor: Hui-Jun Chen
Last Update: September 12, 2022
Lastest Version: Click Here

Course Overview

Grades

Categories

Points

Problem sets on course material

20 points

Quizzes on Calculus videos

20 points

Midterm Exam

25 points

Final Exam

25 points

Attendance

10 points

Total

100 points

See course schedule, below, for due dates

Grading Policy

Quizzes / Exams

Weekly quizzes in this class: Calculus materials. You will have unlimited attempts and unlimited time per attempt for quizzes of Calculus materials. When calculating the final grade, I will drop two quiz with the lowest grade in each category (except Quiz on Calculus, Ch. 10 & 11).

The exact due date and time for quizzes and exams should refer to the schedule below and the setting on Carmen. In principle, all quizzes are due on Sunday 11:59pm, and the answer is available on next Monday.

Late quizzes are not accepted, unless you have formal excuse (require formal documentation, and the instrutor still has rights to decide whether to extend the quiz / exams for this excuse).

Final exam are cumulative, so the content from the midterm is also included in final exam.

Quizzes and Examinations Integrity Policies

Quizzes and Problem Sets: Discussions are encouraged, but each person must hand in their own quiz on Carmen.

Examinations: Discussions are forbidden, either face to face or via online discussion board / Social media.

Curving

If less than 40% of the students get A- or above, I will add some points to everybody until 40% of the students get A- or above, but I don’t expect this to occur.

Problem Sets

There are four problem sets and each of them worth 5 points. The way to calculate semester grade on problem set is by correct answerstotal number of questions×5. For example, if there are 36 questions and you answer 30 correctly, then you will get 3036×54.16 points in semester grade.

Problem sets will be answered on Carmen, which the answer required for Carmen points should be precisely related to the pdf file provided on the course website.

Midterm & Final weight change

After the midterm exam, there will be a survey on Carmen asking whether you want to change the weight between midterm and final from 25 points each to 10 points for midterm and 40 points for final. This survey will due before the final exam date, and you cannot change the weight between midterm and final after you took the final exam.

Tentative Course Schedule

Wk

Days

Quizzes and Deadlines

Topics and Readings

1

08/24

Syllabus
Deadline: 08/28 11:59pm

Topic: Introduction

2

08/29
08/31

Essence of Calculus Ch.1
Deadline: 09/04 11:59pm

Topic: Measurement I
Topic: Measurement II

3

09/07

Essence of Calculus Ch.2
Deadline: 09/11 11:59pm

Topic: Consumer Preference I

4

09/12
09/14

Essence of Calculus Ch.3
Problem Set 1
Deadline: 09/18 11:59pm

Topic: Consumer Preference II
Topic: Examples

5

09/19
09/21

Essence of Calculus Ch.4
Deadline: 09/25 11:59pm

Topic: Firms
Topic: Competitive Equilibrium

6

09/26
09/28

Essence of Calculus Ch.5
Problem Set 2
Deadline: 10/02 11:59pm

Topic: Social Planer’s Problem
Topic: Examples

7

10/03
10/05

Essence of Calculus Ch.6
Deadline: 10/09 11:59pm

Topic: Distorting Taxes
Topic: Julia Setup and Syntax
Topic: Algorithm and Solve Models

8

10/10

None

Midterm Review

8

10/12

None

Midterm

9

10/17
10/19

Essence of Calculus Ch.7
Deadline: 10/23 11:59pm

Topic: Two Period Consumer Problem
Topic: Two Period Equilibrium

10

10/24
10/26

Essence of Calculus Ch.8
Deadline: 10/30 11:59pm

Topic: RBC Model Part 1: Consumer
Topic: RBC Model Part 2: Firm

11

10/31
11/02

Essence of Calculus Ch.9
Problem Set 3
Deadline: 11/06 11:59pm

Topic: RBC Model Part 3: Competitive Equilibrium

12

11/07
11/09

Essence of Calculus Ch.10
Deadline: 11/13 11:59pm

Topic: RBC Model Part 4: Examples

13

11/14
11/16

Essence of Calculus Ch.11
Problem Set 4
Deadline: 11/20 11:59pm

Topic: RBC Model Part 5: Applications

14

11/21

None

Topic: Infinite Period Modelling
Topic: Asset Pricing with Endowment Economy

15

11/28
11/30

None

Topic: Asset Pricing with Production Economy

16

12/05
12/07

None

TBA

17

12/12

None

Final Exam

Course learning outcomes

Social Science Goal

Students understand the systematic study of human behavior and cognition; the structure of human societies, cultures, and institutions; and the processes by which individuals, groups, and societies interact, communicate, and use human, natural, and economic resources.

Organizations and Polities Expected Learning Outcomes

  1. Students understand the theories and methods of social scientific inquiry as they apply to the study of organizations and polities.
  2. Students understand the formation and durability of political, economic, and social organizing principles and their differences and similarities across contexts.
  3. Students comprehend and assess the nature and values of organizations and polities and their importance in social problem solving and policy making.

Economics 4002.02 addresses the theories and methods of social scientific inquiry through discussion of supply and demand at the national level, and the measurement of national income and other macroeconomic measures, along with applications to current events.

Students will learn about the formation and durability of political, economic, and social organizing principles through discussions of the origin and structure of central banks as well as other international organizations, and fiscal and monetary policy. These topics will include discussion of various commonly accepted points of view.

Students will comprehend and assess the nature and values of organizations and polities and their importance in social problem solving and policy making through discussion of fiscal and monetary policy, business cycles and the Federal Reserve Bank, including its values and objectives.

Ohio State’s academic integrity policy

Academic integrity is essential to maintaining an environment that fosters excellence in teaching, research, and other educational and scholarly activities. Thus, The Ohio State University and the Committee on Academic Misconduct (COAM) expect that all students have read and understand the University’s Code of Student Conduct, and that all students will complete all academic and scholarly assignments with fairness and honesty. Students must recognize that failure to follow the rules and guidelines established in the University’s Code of Student Conduct and this syllabus may constitute “Academic Misconduct.”

The Ohio State University’s Code of Student Conduct (Section 3335-23-04) defines academic misconduct as: “Any activity that tends to compromise the academic integrity of the University, or subvert the educational process.” Examples of academic misconduct include (but are not limited to) plagiarism, collusion (unauthorized collaboration), copying the work of another student, and possession of unauthorized materials during an examination. Ignorance of the University’s Code of Student Conduct is never considered an “excuse” for academic misconduct, so I recommend that you review the Code of Student Conduct and, specifically, the sections dealing with academic misconduct.

If I suspect that a student has committed academic misconduct in this course, I am obligated by University Rules to report my suspicions to the Committee on Academic Misconduct. If COAM determines that you have violated the University’s Code of Student Conduct (i.e., committed academic misconduct), the sanctions for the misconduct could include a failing grade in this course and suspension or dismissal from the University.

If you have any questions about the above policy or what constitutes academic misconduct in this course, please contact me.

Other sources of information on academic misconduct (integrity) to which you can refer include:

Violating university or course rules as contained in the course syllabus or other information provided to the student in regard to student classroom conduct may result in your being removed from the class rolls.

Other Policies

Students with disabilities that have been certified by the Office for Disability Services will be appropriately accommodated. They should inform the instructor as soon as possible of their needs. Students who feel that they need an accommodation based on the impact of a disability should contact the Office for Disability Service. General information is available at http://www.ods.ohio-state.edu.

The core material contained within this syllabus will either be discussed in class or assigned as required reading.

If you decide not to complete the course, please formally withdraw from the class. Failure to officially withdraw will result in an “E” on your transcript and you will have foregone the opportunity to receive a refund (partial or full).

You are expected to be on time to class. In those events when you do arrive at class late, please find a seat as quietly and unobtrusively as possible. Do not interrupt class to hand in assignments or request materials. An opportunity will be provided for these activities at an appropriate time.

We will be doing in-class participation exercises that work via the internet. Please be sure to bring a mobile device (laptop, tablet, or smartphone) with you to class each day.

Economics Learning Center

Information can be found at https://economics.osu.edu/economics-learning-center.

Grading scale