Kazakhstan Institute of Management, Economics, and Forecasting

Spring, 2001

Class Hours: Tuesday and Thursday, 12:00 to 13:15

Required Text: Macroeconomics, by Dornbusch and Fischer

Supplementery materials will be distributed in class.

Instructor: Philip Leatherwood

Telephone: 64 05 91

Email: [email protected]

Office Hours: Tuesday and Wednesday, 14:00 to 16:00

This course is designed to provide a deeper understanding of macroeconomic issues such as inflation, unemployment, business cycles and economic growth. Discussions and activities will be focused on the interaction of various macroeconomic variables—investment, interest rates, prices, employment, money supply--and the possible effects of fiscal and monetary policies.

An assortment of mathematical and graphical models will be introduced to facilitate understanding of the issues. There will also be an assortment of readings--both historical and contemporary—on the theoretical background of relevant concepts.

It is expected that students will have a basic familiarity with economic terminology and with simple mathematical tools.

Homeworks 10%

Midterm 20%

Quizzes 30%

Final Exam 40%