Economics Dept., Faculty of Liberal Arts & Professional Studies, York University

AP/Economics 2450 3.0 Q

Intermediate Macroeconomic Theory II

Winter 2013 Course Outline

Course Instructor/Contact

Instructor / Professor Henry Tam
Office / Vari Hall 1042
Contact / Email:
Phone: (416) 736-2100 Ext. 30112
Lecture Hours / Monday 7:00 – 10:00 p.m. Location: CLH – H
Office Hours / Mon. & Wed. 5:30 – 6:30 p.m.

Expanded Course Description

This course continues from ECON 2400. In this term, we will cover further topics in macroeconomics, including models and stylized facts of economic growth, open economy models of the long run and the short run, exchange rate behaviours, as well as intertemporal models of consumption and government budget.

Required Course Text/Readings

Mankiw, Gregory N. and William Scarth, Macroeconomics (4thCanadian edition).

We shall cover Ch. 7-8, 5, 12, 16-17. We might also cover some materials not in the textbook or in more (or less) detail than in the textbook. Students can download the lecture notes from the course website The lecture notes are NOT meant to be self-sufficient, but should be considered complementary to the lectures and the textbook.

Weighting of Course (evaluation)

Group Assignment (Details given in the syllabus)15%

Midterm Exam (Monday, Feb. 25: 7:00– 9:00 pm)35%

Final Exam (cumulative) (Examination Period)50%

All exams are closed books and closed notes.

Additional Information/Notes

If you miss the midterm test with a valid documented excuse (see below for valid medical and non-medical circumstances), I will try to arrange a makeup exam (date, time and location: TBA). You need to submit documentation within 1 week of the midterm test to substantiate your excuse. Otherwise, you will receive a zero for the missed midterm test. In case you miss the makeup exam with a valid documented excuse, your marks will be re-allocated to the final exam (final counts as 85%). Again, you need to submit documentation within 1 week of the makeup test to substantiate your excuse. Otherwise, you will receive a zero for the missed midterm test.

The final exam will be given at a date and location to be set by the Registrar’s Office.

The final exam is cumulative and includes all the materials covered in the course.

Students absent from the final examination and requesting for deferred standing must follow the Guidelines for Deferred Standing of the Department of Economics.

The request for deferred standing will not be approved if the conditions listed on the Guidelines are not satisfied.

To help you study and prepare for exams, I will give out problem sets and practice exams. These will be posted on the class website as time goes by. These problem sets and practice exams will not be graded. Solutions will be posted on the website roughly one week after the corresponding problem set or practice exam is posted.

YORK UNIVERSITY

Faculty of LA&PS – Department of Economics

Guidelines for Deferred Standing

(Final exam and term work extensions)

A Deferred Standing (extension) is a process by which students who are either unable to write their final examination at the scheduled time or submit term work before the Faculty deadline to submit final grades reach an agreement with the course director for an extension to the deadline.

The course director may grant deferred standing in the course. In doing so, a date is set for writing the exam or submitting the outstanding work. In order to qualify for Deferred Standing, a student must complete the standard Deferred Standing Agreement form. This form is available at the Office of the Registrar and the Economics Undergraduate Office (1144 Vari Hall).

Deadline:

Senate Policy states, "Normally requests for deferred standing must be communicated within one week following a missed examination or the last day to submit course work" (the period during which the University is officially closed for December holidays and statutory holidays is not counted in the determination of deadline days).

It is the responsibility of students to make arrangements with the course director to complete the course and file the Deferred Standing Agreement form with the appropriate departmental/unit office by the deadline specified on the form. Appropriate Documentation verifying the circumstances for the missed final examination must be provided at the time of requesting the Deferred Standing from the Course Director.

WHAT IS APPROPRIATE DOCUMENTATION?

MEDICAL CIRCUMSTANCES:

Exams missed due to medical circumstances must be supported by an attending physician's statement or a statement by a psychologist or a counselor. The physician's statement must include the following:

i)Full name, mailing address, telephone number of the physician.

ii)State the nature of the illness and its duration (i.e., specific dates covered).

iii)An indication of whether the illness and/or medication prescribed would have SERIOUSLY affected the student's ability to study and perform over the period in question.

NOTE:the physician's office may be contacted to verify that the statement was actually completed by the physician.

NON-MEDICAL CIRCUMSTANCES:

Exams missed due to non-medical circumstances must be supported by appropriate documentation, i.e., death certificates, obituary notice, automobile accident reports, airline/bus ticket receipt for emergency travel (with the date of booking on the ticket), etc. Airline/train/bus ticket/receipts for emergency travel must indicate destination, departure, and return dates. Having to work at the time of the exam or non-emergency travel are notconsidered valid excuses for missing the exam.

The manner in which the missed exam (which has been legitimately documented) is handled is at the discretion of the course director, and should be outlined by the instructor within the first two weeks of the course.

If a course director does not agree to consider requests for deferred standing, students then may file a petition with the relevant Faculty-level committee for consideration within the established deadline.

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