Department of Economics ECONOMICS 282-B2 Intermediate Macroeconomic Theory I WINTER 2006 INSTRUCTOR: OFFICE: PHONE: E-MAIL: OFFICE HOURS:

Andrew Wong 7-13 Tory Building 492-2049 wonga@macewan.ca W 9:00 10:00 p.m. or by appointment

COURSE DESCRIPTION
Models of price, interest rate, output, and employment determination; the impact of fiscal, monetary, and supply shocks; open economy macroeconomics with fixed and flexible exchange rates, and prices as well as international capital mobility.

PREREQUISITES
Minimum grade of 4 under the nine-point system in ECON 101 and 102 or consent of Department. Note: Not open to students with credit in MANEC 333 or 402 or equivalent.

REQUIRED TEXT
a) Principle text: Abel, Bernanke, Smith and Kneebone (2006) Macroeconomics, 4th Canadian Edition, Pearson Education Canada.

b) Workbook: Abel et al. (2006) Student Guide for Macroeconomics, 4th Canadian Edition, Pearson Education Canada.

MARK DISTRIBUTION Term Exam I Term Exam II 30% Final Exam 25% 45% February 6, 2006 (Monday) March 13, 2006 (Monday) April 21, 2006 (9:00-11:00 a.m.)

If you cannot write the term exam on the scheduled time, you must let me know in advance so that arrangements can be made for you to write the term exam in advance of the scheduled test time. No term exams can be written after the scheduled exam day. If you miss a term exam you will not receive a mark unless you provide me with a medical certificate or equivalent. In that event, the marks for the term exam missed will be transferred to the final exam.

GRADE DETERMINATION
In this class both the distribution as well as the raw mark will play a role in the determination of the final letter grade. A final raw mark of 50 ensures a pass D, while a mark in excess of 94 would ensure an A+. Within those boundaries the distribution as well as raw grades play a role in determining the letter grade. The following table gives you some idea of how the 4-point letter grading system works in this class. Grade A+ A Percentage 94-100 88-93 Grade Points 4.0 4.0

AB+ B BC+ C CD+ D F

80-87 77-79 74-76 70-73 67-69 64-66 60-63 55-59 50-54 0 -49

3.7 3.3 3.0 2.7 2.3 2.0 1.7 1.3 1.0 0

Please Note: 1. The official grading system at the University is the 4-point letter grade system. While instructors may use percentages to aid in their grade development, percentages are not part of the Universitys official grading system. 2. For more information, please go to www.grades.ualberta.ca.

COURSE OUTLINE 1. Introduction and Review of Basics Introduction to Macroeconomics The Measurement and Structure of the Canadian Economy Chapter 1 Chapter 2

2. The Economy in the Short Run Business Cycles Chapter 8 The IS-LM/AD-AS Model: A General Framework for Macroeconomic Analysis Chapter 9 Exchange Rates, Business Cycles, and Macroeconomic Policy in the Open Economy Chapter 10 Classical Business Cycle Analysis Chapter 11 Keynesian Business Cycle Analysis Chapter 12 3. Macroeconomic Policy Unemployment and Inflation Monetary Policy and the Bank of Canada WEBCT
WebCT can be accessed via the homepage at www.ualberta.ca/webct. It is accessed with the same login and password that you were assigned for your University of Alberta email account. The CT stands for course tools, each of which has its own icon on the WebCT index page. Here you will find the course outline, lecture notes, answers for midterms, as well as your personal grades for midterms. Students find it helpful not to have to be taking notes all the time during class; these notes give you the minimum to which you can then add as you wish during the class.

Chapter 13 Chapter 14

CODE OF CONDUCT
The University of Alberta is committed to the highest standards of academic integrity and honesty. Students are expected to be familiar with these standards regarding academic honesty and to uphold the policies of the University in this respect. Students are particularly urged to familiarize themselves with the provisions of the Code of Student Behaviour (online at www.ualberta.ca/secretariat/appeals.htm and see attached) and avoid any behaviour which could

potentially result in suspicions of cheating , plagiarism, misrepresentation of facts and/or participation in an offence. Academic dishonesty is a serious offence and can result in suspension or expulsion from the University. (GFC 29 SEP 2003)

NOTES
1. It is strongly advisable that the appropriate chapters are read prior to each lecture since it is generally considered to be an important and helpful approach to the study of economics. 2. Regular class attendance is expected. Familiarize yourself with the policy on attendance and other academic regulations as explained in the Calendar. Students who choose not to attend lectures must assume whatever risks are involved (see Calendar 23.3 and 23.5.6) There is a publishers website where students can find example test questions with outlined answers: www.pearsoned.ca/abel. Term exams are not cumulative. Term exams consist of multiple choice, problem solving and short answer questions. No programmable calculators are allowed. The final exam will be on the whole terms work. The final exam is scheduled by the University. You may not write this exam at any other time unless you receive permission from your home faculty to write a deferred exam. It is your responsibility to find out the date, time and place for the exam. Exam schedules are no longer posted and should be available under Bear Tracks.

3. 4.

5. Students are encouraged to contact the instructor regarding any questions pertaining to course materials or their performance in the course 6. Supplemental exercises are not permitted in this course. This policy is designed to prevent students from asking for a make-up assignment to compensate for poor performance on an exam. 7. Cell phones are to be turned off during lectures except under exceptional circumstances in which approval has been given by the instructor. 8. Policy about course outlines can be found in 23.4(2) of the University Calendar. (GFC 29 SEP 2003).

Amendments to the Code of Student Behaviour occur throughout the year. For the most recent version of the Code, visit the University Secretariat website at http://www.ualberta.ca/secretariat/appeals.htm
NOTICE TO INSTRUCTORS REGARDING PLAGIARISM, CHEATING, MISREPRESENTATION OF FACTS AND PARTICIPATION IN AN OFFENCE
The U of A considers plagiarism, cheating, misrepresentation of facts and participation in an offence to be serious academic offences. Plagiarism, cheating, misrepresentation of facts and participation in an offence can be avoided if students are told what these offences are and if possible sanctions are made clear at the outset. Instructors should understand that the principles embodied in the Code are essential to our academic purpose. For this reason, instructors will be fully Cheating (Continued) 30.3.2(2)c No Student shall represent anothers substantial editorial or compositional assistance on an assignment as the Students own work.

30.3.2(2)d No Student shall submit in any course or program of study, without the written approval of the course Instructor, all or a substantial portion of any

supported by Departments, Faculties and the University in their endeavours to rightfully discover and pursue cases of academic dishonesty in accordance with the Code. At the beginning of each term, we ask you to review with your students the definitions of plagiarism and cheating. We are now also asking you to review with your students the definition of Misrepresentation of Facts and Participation in an Offence. Your co-operation and assistance in this matter are much appreciated. 30.3.2(1) Plagiarism No Student shall submit the words, ideas, images or data of another person as the Students own in any academic writing, essay, thesis, project, assignment, presentation or poster in a course or program of study. 30.3.2(2) Cheating 30.3.2(2)a No Student shall in the course of an examination or other similar activity, obtain or attempt to obtain information from another Student or other unauthorized source, give or attempt to give information to another Student, or use, attempt to use or possess for the purposes of use any unauthorized material. 30.3.2(2)b No Student shall represent or attempt to represent him or herself as another or have or attempt to have himself or herself represented by another in the taking of an examination, preparation of a paper or other similar activity. See also misrepresentation in 30.3.6(4).

academic writing, essay, thesis, research report, project, assignment, presentation or poster for which credit has previously been obtained by the Student or which has been or is being submitted by the Student in another course or program of study in the University or elsewhere.

30.3.2(2)e No Student shall submit in any course or program of study any academic writing, essay, thesis, report, project, assignment, presentation or poster containing a statement of fact known by the Student to be false or a reference to a source the Student knows to contain fabricated claims (unless acknowledged by the Student), or a fabricated reference to a source. 30.3.6(4) Misrepresentation of Facts No Student shall misrepresent pertinent facts to any member of the University community for the purpose of obtaining academic or other advantage. See also 30.3.2(2) b, c, d and e. 30.3.6(5) Participation in an Offence No Student shall counsel or encourage or knowingly aid or assist, directly or indirectly, another person in the commission of any offence under this Code.

The Truth In Education (T*I*E) project is a campus wide educational campaign on Academic Honesty. This program was created to let people know the limits and consequences of inappropriate academic behavior. There are helpful tips for Instructors and Students. Please take the time to visit the website at: http://www.ualberta.ca/tie

EXCERPTS FROM THE CODE OF STUDENT BEHAVIOUR (UPDATED MAY 27, 2004) FOR REVIEW WITH EACH CLASS AT THE BEGINNING OF EVERY TERM
Procedures for Instructors Regarding Plagiarism, Cheating, Misrepresentation of Facts and Participation in an Offence

Possible Sanctions
The following sanctions given in 30.4.3 (2) and (3) of the Code are commonly used for plagiarism, cheating and participating in an offence.

The following procedures are drawn from the Code of Student Behaviour as approved by GFC and the Board of Governors. The guidelines summarize what 30.4.3(2) a.i 30.4.3(2) a.i A mark of 0 on an assignment for instructors must do when they have reason to believe reason of Inappropriate Academic that a student has plagiarized, cheated, misrepresented Behaviour facts or participated in an offence. If you have questions a.ii 30.4.3(2) 30.4.3(2) a.ii Reduction of a grade in a course about these guidelines, or about the policies, please talk 30.4.3(2) a.iii 30.4.3(2) a.iii A grade of F for a course. with the senior administrator in your Faculty 30.4.3(2) 30.4.3(2) a.iv A remark on a transcript of 8, indicating responsible for dealing with student disciplineusually a.iv Inappropriate Academic an Associate Dean or the Appeals Coordinator, Behaviour in addition to 30.4.3(2)a.i, 30.4.3(2)a.ii, University Secretariat (2-2655). 30.4.3(2)a.iii 30.4.3(3) b 30.4.3(3) b Expulsion 30.5.4 Procedures for Instructors in Cases Respecting 30.4.3(3) c 30.4.3(3) c Suspension Inappropriate Academic Behaviour

The following sanctions may be used in rare cases. 30.5.4(1) When an Instructor believes that a Student may have committed an Inappropriate Academic Behaviour 30.4.3(3) Suspension of a Degree already awarded Offence [30.3.2] or that there has been Misrepresentation of e 30.4.3(3) e 30.4.3(3) Rescission of a Degree already awarded Facts [30.3.6(4)] or Participation in an Offence [30.3.6(5)] f 30.4.3(3) f in cases respecting Inappropriate Academic Behaviour in 30.6.1 Initiation of an Appeal the course that he or she instructs, the Instructor will meet with the Student. Before such a meeting, the Instructor shall 30.6.1(1) When a Student has been found to have committed an offence inform the Student of the purpose of the meeting. In the under the Code of Student Behaviour or the Code of Applicant Behaviour event that the Student refuses or fails to meet with the (Section 11.8 of the GFC Policy Manual), whether or not that Student has Instructor within a reasonable period of time specified by been given a sanction, the Student may appeal that decision. In cases where the Instructor, the Instructor shall, taking into account the available information, decide whether a report to the Dean is a severe sanction has been recommended to the Discipline Officer, once the student receives the final decision of the Discipline Officer, the student can warranted. (CLRC 30 MAY 2002) (EXEC 7 APR 2003) appeal the decisions of both Dean and the Discipline Officer at the same (CLRC 27 NOV 2003) time. The written appeal must be presented to the Appeals Co-ordinator in 30.5.4(2) If the Instructor believes there has been a violation the University Secretariat within 15 Working Days of the deemed receipt of the decision by the Student. The finding that an offence has been of the Code, the Instructor shall, as soon as possible after committed, the sanction imposed or both may form the basis of appeal. The the event occurred, report that violation to the Dean and written appeal must also state the full grounds of appeal and be signed by provide a written statement of the details of the case. The the Appellant. The appeal shall be heard by the UAB. (CLRC 30 MAY instructor may also include a recommendation for sanction. 2002) (CLRC 25 SEP 2003) (CLRC 27 MAY 2004) (CLRC 27 NOV 2003).

____________________________________ DR LYNN K. PENROD

CHAIR, GFC CAMPUS LAW REVIEW COMMITTEE*

________________________________________ DR CARL G. AMRHEIN PROVOST AND VICE-PRESIDENT (ACADEMIC)

* The Campus Law Review Committee is a standing committee of General Faculties Council (GFC) responsible for the
review of the Code of Student Behaviour and of student disciplinary procedures.