ModuleSubjectContent1The Data of Macroeconomics 1.Measurement of National Income2.Measuring the Cost of LivingTeamwork for project (1)Find out how China calculates its GDP and CPIs;Plot the curves of China's GDP and CPI between 1980 and present2Short-Run Economic Fluctuations 1.Aggregate Demand and Aggregate Supply2.The Influence of Monetary and Fiscal Policy on Aggregate Demand3.The Short-Run Trade off between Inflation and UnemploymentTeamwork for project (2)Explain why China's short-run economy fluctuates;Why the growth of the economy declined and CPI slowed down between 1996-2003Teamwork for Case Studies (1)3The Macroeconomics1.Open-Economy Macroeconomics: Basic Concepts2.A Macroeconomic theory of the Open EconomyTeamwork for project (3):Why has Dollar-pegged RMB been under fire?Should China float its exchange rate now? 4 The Real Economy in the Long Run1.Production and Growth2.Saving, Investment and he Financial System3.Money, Inflation and Unemployment in the Long RunTeamwork for project (4)Explain why china grows fast and forecast how long China can grow 5 Debates Over Macroeconomic Polity

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WeightParticipation30%Exam70%

• Textbook N. Gregory Mankiw, Principles of Economics, 3rd edition, 2004, Thomson Learning. Other readingsReferences are handed out during the class including articles on newspapers and periodicals. Students are required to search for Cases for presentations.