Home Page for Econ 302: Intermediate Macro (Tesfatsion)
Home Page address:
Latest Course Offering: Fall 1996, TTH 2-3:25 P.M.
Home Page Last Updated: 28 March 2015
Professor Leigh Tesfatsion
Telephone: (515) 294-0138
- 375 Heady Hall
Department of Economics
Iowa State University
Ames, Iowa 50011-1070
F96 Office Hours: MW 1-3:30 P.M. and by appointment
Economics 302: Intermediate Macro Theory
In Econ 302 we will develop economic tools and concepts that
students can use to think through important macroeconomic issues
facing policy-makers in the U.S. and in other industrialized
nations. In particular, we will construct a complete working macro
model of a domestic economy in an international setting, with
computer implementation. This model, in conjunction with the
Economic Report of the President, will be used to study
potential and actual levels of output, employment, and prices over
time for the United States economy.
A brief outline of the structure and requirements for Econ 302
is given below, followed by a listing of course materials currently
available on closed reserve in the Reading Room (Heady 368) and/or
on this WWW site (just click on any highlighted item). More
detailed information concerning course objectives, course topics,
assigned readings, tests, exercises, and grading can be found in the
Econ 302 syllabus
Structure and Requirements for Econ 302: Outline
- Credits: 3 credits
- Meeting Time/Place: Tues/Thurs, 2-3:25, Heady Hall 274
- Teaching Assistant: Cai Fang (email:
firstname.lastname@example.org); Office: 181 Heady Hall;
Telephone: 294-3822; Office Hours: Tues 12-2 and Thurs 1-2.
- Prerequisites: Econ 101 and 102 (Principles of micro and
macro); Math 151 or 165 (basic facility with graphs, algebraic
equations, and intermediate calculus).
- Required Materials (Bookstore):
- R. Hall and J. Taylor, Macroeconomics, Fourth Edition,
W. W. Norton, 1993, with accompanying MacroSolve diskette
for IBM compatibles.
- Supplementary Study Guide:
- D. Papell, Study Guide for Hall and Taylor's
Macroeconomics, Fourth Edition, W. W. Norton, 1993.
- Economic Report of the President, February 1996
- Grading: Grades for the course will be based on one
midterm exam (60 points), quizzes (approximately 40
points), one final exam (100 points), and take-home exercises
(approximately 50 points). Contributions to class discussion
will count for extra credit in case of a borderline grade.
Please refer to the
Econ 302 syllabus
for further details about the exercises, the quizzes, and
the midterm and final exams.
- Econ Help Room: In addition to seeking help on Econ
302 course materials from the course instructor and the teaching
assistant during their designated office hours, Econ 302 students
can seek help at the Econ Help Room (301 Curtiss Hall, 294-1599).
The Econ Help Room is staffed by graduate students. For the Fall 1996
semester, the Econ Help Room is open Monday-Thursday, 8:30-5:30 P.M.,
and on Friday, 8:30-4:30 P.M.
- How to Use the Pre-Loaded MacroSolve in the Computer Lab
(Heady 68): First read the appendix in your Hall and Taylor
textbook explaining basic key functions for MacroSolve. Then, at the
Computer Lab, carry out the following steps in sequence. If a
computer is currently displaying the Program Manager: (1) Click on
"File" on the top menu bar; (2) From the file menu, click on "Exit
Windows"; (3) Click on "okay" when asked if you really want to exit
Windows; (4) From the "big blue menu" that next appears on your
screen, scroll to "Econ 302" and click on it; (5) This will bring up
the MacroSolve title page -- click on any key to get to the MacroSolve
window; (6) Use arrow keys to navigate along top menu bar or follow
key instructions on lower menu bar. (Read the Hall and Taylor appendix
for a complete discussion of the various key functions in MacroSolve).
If a computer is already displaying the "big blue menu", scroll
to "Econ 302" and click on it, and then follow steps (5) and (6) above.
Final Note: To print out materials, use the "LPT3" setting; the
other settings you will be asked to specify are just format options.
- Students interested in pursuing further study in
macro issues can check out
of macro information available in the library and on the internet.
Econ 302 Required Lecture Notes
Required basic lecture notes on assigned readings from Hall and
Taylor and other course materials (see the
Econ 302 syllabus )
will be made available here and on closed reserve in the Reading
Room (Heady Hall 368) prior to class lectures on these chapters.
More advanced lecture notes on the assigned Hall and Taylor chapters
can be found below and are recommended for economics majors and
other students interested in a more in depth understanding of
macroeconomics; these more advanced lecture notes are not required.
Econ 302 Required Exercise Sets
Required exercise sets on course materials will be made
available here as they are assigned.
First Assigned Exercise Set,
Due September 10, 2:10 P.M.
Second Assigned Exercise Set,
Due September 17, 2:10 P.M.
Third Assigned Exercise Set,
Due October 1, 2:10 P.M.
Fourth Assigned Exercise Set,
Due October 15, 2:10 P.M.
Fifth Assigned Exercise Set,
Due October 29, 2:10 P.M.
Sixth Assigned Exercise Set,
Due November 12, 2:10 P.M.
Seventh Assigned Exercise Set,
Due November 21, 2:10 P.M.
In-class exercise on simplified
presidential platforms: Discussion notes
Econ 302 Practice Exercise Sets (Recommended for Self-Study)
Please Note: The online answer outlines for the practice exercises
sets, below, do not contain the graphical data used for the MacroSolve
exercises. Copies of the complete answer outlines (including the MacroSolve
graphical data) have been put on closed reserve in Heady 368.
- Practice Exercise Set 1
- Answer Outline for Practice Exercise Set 1
- Practice Exercise Set 2
- Answer Outline for Practice Exercise Set 2
- Practice Exercise Set 3
- Answer Outline for Practice Exercise Set 3
- Practice Exercise Set 4
- Answer Outline for Practice Exercise Set 4
- Practice Exercise Set 5
- Answer Outline for Practice Exercise Set 5
- Practice Exercise Set 6
- Answer Outline for Practice Exercise Set 6
Econ 302 Practice Midterm and Final Exams from S96
- Practice Midterm Exam and Answer Key
- Practice Final Exam and Answer Key
Econ 302 Advanced Lecture Notes (Recommended for Econ Majors)
- Advanced lecture notes for HT Chapter 2
- Advanced lecture notes for HT Chapter 3
- Advanced lecture notes for HT Chapter 4
- Advanced lecture notes for HT Chapter 5
- Advanced lecture notes for HT Chapter 6
- Advanced lecture notes for HT Chapter 7
- Advanced lecture notes for HT Chapter 8
- Advanced lecture notes for HT Chapter 9
- PLEASE NOTE:
- All required lecture notes that
appear on this web site will also be put on closed reserve in the
Reading Room (Heady 368) by the first Econ 302 class day subsequent
to their appearance on this WWW site.