Le Grand Syllabus 2016/2017
MACRO ECONOMICS FOR PUBLIC POLICY
Semester : Autumn Number of hours : 24 Language of tuition : English
Opened to the exchange program
The midterm exam will take place on Thursday 13 October 2016, during regular class hours. All the material covered in class until that date will be required for the midterm. The midterm is a closed book exam : no calculator, no text-book, no document allowed. The ﬁnal exam will take place during ﬁnal exam period. All the material covered in class and during the TA session over the entire semester will be required for the exam. The ﬁnal is a closed book exam : no calculator, no text-book, no document allowed. Students have a right to ask for a re-grade of their problem set if they believe their grade is unduly harsh. To do so, the students have to send a written (type-set) request by email to the TA (Thomas Bourany), explaining in details why they believe they deserve a re-grade, referring for instance to the pset solutions. The TA has the discretion to accept or reject any such request. If accepted, the original pset will be re-graded, and the new grade will replace the old one. If the new grade is lower than the ﬁrst, it is still the new one that replaces the old. So a re-grade is a guarantee of a fair grade, but no guarantee of a better grade. Students are expected to maintain high standards of academic integrity. Any instance of cheating, copying others' problem sets, plagiarism, or other form of academic misconduct, will be severely reprimanded. Workload : Weekly problem sets, midterm, exam. Pedagogical method : Classroom lectures, TA sessions, problem sets at home. Course Description : This class is a broad introduction to modern macroeconomics. In this ﬁrst class, we will go over some of the pillars of modern macroeconomics. There are three guiding principles to this class : ﬁrst, discover, understand and (optionally) read a few of the classical contributions in macroeconomics in the last ﬁfty years ; second, become familiar with economic reasoning ; third, acquire practical technical skills, learn where to look for macro data, and how to analyze those data. Note that the lectures in the classroom will deal mostly with general economic concepts. The problem sets and TA sessions will deal with the more technical aspects of the class.
Teachers : Thomas BOURANY (PhD student at Sciences Po), Thomas CHANEY (Professor at Sciences Po). Prerequisite : Solid knowledge of micro-economic theory is expected for this class. In addition, knowledge of simple algebra and analysis (multivariate calculus, some basic probability theory, differential calculus, and the ability to perform mathematical reasoning) is required for the class. Pedagogical format : Lecture alone Course validation : Grading : your course grade will be based on problem sets (30%), the midterm exam (30%) and the ﬁnal exam (40%). Assignments : Problem sets : There will be 6 problem sets due over the semester. All problem sets will be available online from the beginning of the class, so that students can decide freely how to allocate their time working on the psets. 6 due dates will be set in advance for the psets, and solutions will be posted online shortly after the due date is past. No late pset will be accepted. Late or missing problem sets will count as zero. The TA will answer questions about and give hints for the solution to the upcoming psets during TA sessions. All psets are handed in electronically, and only typeset psets are accepted. We accept a scan of hand-written equations, but equations only. Extra points will be given for clarity. The TA has the discretion to refuse unreadable psets. Students are allowed to work on their own or in pairs (2 students in a team max) on the problem sets. For the problem sets, students will both solve theoretical questions, and perform simple empirical analysis. For the empirical part of the problem sets, students will be asked to access macro data online on their own (we will give you instructions on where to ﬁnd the data