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Welcome to Econ
302!
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Contact Information
Instructor: Alfred Kong
Office: Iona 011
Office Hours: Tuesday 2:00 to 3:00pm
Email: alfred.kong@ubc.ca
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Course Website
Connect
http://elearning.ubc.ca/connect/
What you can get from the website:
-Lecture slides (before each class)
-Practice questions
-Sample exams
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Required Textbook
Mishkin, Macroeconomics Policy and Practice, 2nd Edition,
2015, Pearson.
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Course Evaluation
Midterm
Date:
40% (Ch.1,2,3,6,7)
July 26, 11:00 to 1:00pm
Final
Date:
60% (Cumulative)
TBA
Class
Topics
Reading
Introduction
Measuring the Macroeconomy
Ch.1
Ch.2
Ch.2
Ch.3
Ch.6
Ch.6
Ch.7
Ch.7
Business Cycles
The IS Curve
Ch.8
Ch.9
Ch.10
Ch.11
10
Ch.12
11
Stabilization Policy
Ch.13
12
Ch.15
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Course Objectives
The course debates some of the
macroeconomic theory, such as
1)Measurement of the economy
2)Long-term economic growth
3)Business cycles
4)Unemployment and inflation
5)Growth policy and stabilization policy
6)Financial Crises*
most
important
topics
in
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Real GDP
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Past Recessions
Recession Begins
Ends
Duration
September 1947
March 1948
6 months
February 1949
July 1949
5 months
June 1951
December 1951
6 months
April 1953
April 1954
12 months
April 1957
January 1958
11 months
February 1960
March 1961
13 months
March 1970
June 1970
3 months
January 1975
March 1975
2 months
February 1980
June 1980
4 months
July 1981
October 1982
15 months
April 1990
April 1992
24 months
October 2008
July 2009
9 months
January 2015
June 2015
6 months
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2008-2009 Recession
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Last 3 Recessions
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Last 3 Recessions
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Unemployment
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Inflation Rate
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Interest Rates
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Source: http://www.international.gc.ca/economist-economiste/performance/state-point/state_2015_point/index.aspx?lang=eng#1.0
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Source: http://www.budget.gc.ca/2016/docs/plan/overview-apercu-en.html
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