╨╧рб▒с>■  9■                                                                                                                                                                                                                                                                                                                                                                                                                                                    ■  рЕЯЄ∙OhлС+'│┘0ДИР╚╘фЁ $ @ L Xdlt|у.Macroeconomics-2, 2nd module, first 7 classes.0acrUserecoser Normal.doti tshorrocti4hoMicrosoft Word 8.0n@F├#@╛╖SХЯ├@╘Ў╙Кз├ы<FЁ        d+)Mа<@■  ╒═╒Ь.УЧ+,∙оD╒═╒Ь.УЧ+,∙о\ hpАИРШ аи░╕ └ ·уmyself m│  .Macroeconomics-2, 2nd module, first 7 classes TitleШ 6> _PID_GUIDуAN{58493421-0B3E-11D8-982A-F588A9B0CA6F}Mа<@ Course outline - Macroeconomics-2, 2nd module, first 7 classes, instructor:V. Popov The motivation of the course This is the continuation of Macro-1 course. The goal of the second module is to analyze short-run fluctuations and government macroeconomic policy. The first part of Macro-2 (first 7 classes) would be devoted to the discussion of the multiplier and aggregate demand, the IS-LM model for the closed and open (Mundell-Fleming model) economy. Links with the AD-AS model that was discussed in Macro-1 course would be emphasized. Texts for the course: Dornbush, R., Fisher, S. Macroeconomics. Fifth Edition, McGraw Hill, 1990, further denoted D&F. Jeffrey D. Sachs and Felipe L0rrain B., Macroeconomics in the Global Economy, Prentice-Hall, Inc., first edition, 1993, further denoted S&L. Mankiw, N. Gregory, "Macroeconomics," Worth Publishers, New York, 2000, 1997, 1994, 1992, further denoted Mankiw. Grading system After the first three weeks (6 classes) there would be a mid-term exam. The grade for the first part of the course would be determined as the sum of the grade for regular assignments (30% weight) and the mid-term grade (70% weight). Tentative schedule Income and spending. Aggregate demand and multiplier - 1 lecture. D&F, Ch. 3; Mankiw, 9,10; S&L , ch. 12. IS-LM model in a closed economy - 1 lecture. D&F, ch. 4,5; Mankiw, ch. 11; S&L, Ch. 12. IS-LM in an open economy (Mundell-Fleming model with and without capital mobility) Ц3 lectures. AD-AS in an open economy Ц 1 lecture D&F, ch. 6; Mankiw, ch. 12; S&L, ch. 13, 14. 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