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University of Hong Kong
This course is an introduction to the study of macroeconomics at an intermediate level. Macroeconomics is the study of the economy as a whole. And it is concerned with many exciting questions in economics: Why some countries are so poor while others are rich? Why some countries grow and others stagnate? What drives the booms and recessions? How do government policies affect aggregate output, unemployment and inflation? It proves to be difficult to understand all these questions with one theory or within a single model.
20% Assignment 20% Mid term 60% Final
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This course is macroeconomics—the study of the entire economy as opposed to individual markets—at
an intermediate level. Questions include but are not limited to: What drives long-run economic growth?
What causes short-run fluctuations in income and output? How do government policies affect aggregate
output, unemployment, and inflation? A variety of models are developed in macroeconomics to analyze
such questions. This course introduces students to the basic models for the major macroeconomic
While the topics covered are similar to topics covered in Introduction to Economics II, the approach in
this class would be quite different to the extent that the theory examined would be firmly grounded on
rigorous economic principles as far as possible, an approach that is known as the microeconomic
foundation of macroeconomics.
Bi-weekly homework 15%
Test (Oct 29, 2013) 30%
Examination (assessment period Dec 7-23, 2013) 55%
Basic Macro knowledge
Exams, Midterm, Assignments
Macroeconomic theory, compulsory for EF student
50% Final 10% homework 40% midterm
Assignment, Mid Term and Final
A more thorough exploration and study of Macroeconomics that require solid foundation in understanding basic principles and diagrams of Macroeconomics.
70% Exam; 10% Homework, 20% Test
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