Economics 302 Section 002: Intermediate Macroeconomic Theory

This site provides resources for students in Economics 302 at the University of Wisconsin, Madison for Fall 2009 Semester

Source: Russell and Carter, "How the Giants of Finance Shrank, Then Grew, Under the Financial Crisis," NYT, 13 Sep 2009.

Syllabus | Academic Misconduct | H1N1 Flu | Important Dates | Downloadable Course Materials and Information Sources | Department of Economics Robert M. LaFollette School of Public Affairs |

LECTURE: TR 11-12:15 165 Bascom

Section 321: F 8:50, 6102 Social Sciences, X. Wang
Section 322: F 9:55, 122 Ingraham, X. Wang
Section 323: F 8:50, 6240 Social Sciences, N. Prasad
Section 324: F 9:55, 116 Ingraham, N. Prasad
Section 325: F 11:00, 53 Bascom, N. Prasad
Section 326: F 12:05, 4308 Social Sciences, X. Wang
Section 327: F 1:20, 6102 Social Sciences, N. Prasad
Section 328: F 11:00, 215 Ingraham, X. Wang


Professor Menzie Chinn
Office Hours: Th 2:30-4:30 during term
Office: 7418 Social Sciences Bldg.
Phone: (608) 262-7397
email: mchinn at
Home Page

Teaching Assistants
Nalini Prasad
Office Hours: Tue and Thu 1-2, in 7222 Social Sciences
Office: 7226 Social Sciences
Phone: (608) 262-1983
Webpage: Econ 302 TA Webpage
email: nprasad at

Xuanzhong Wang
Office Hours: Mon, Wed, 2:30-3:30 in 7481 Social Sciences Office: 7481 Social Sciences
Phone: 262-1055
Webpage: Econ 302 TA Webpage
email: xwang92 at

Course Syllabus

Econ 302 Syllabus in PDF file. rev 8/22

Economics 302 is a course in intermediate macroeconomic theory and policy analysis. Students should have a familiarity with algebra (solving simultaneous equations). Knowledge of basic calculus (partial and total differentials) and introductory statistics (linear regression) will be helpful, but not required. The main part of the course will focus on the IS-LM framework. However, considerable attention will be devoted to international aspects, such as the trade deficit, international capital flows and the exchange rate, as well as domestic issues such as inflationary processes. Students enrolling in this course should be comfortable with algebraic and graphical analysis. It requires sustained immersion in relevant economic theory, and does not present a primarily descriptive or historical approach.

One semester of calculus (Math 221 or 211) is required. Math 221 is recommended.

Notes Regarding Academic Misconduct

Academic Integrity is critical to maintaining fair and knowledge based learning at UW Madison. Academic dishonesty is a serious violation: it undermines the bonds of trust and honesty between members of our academic community, degrades the value of your degree and defrauds those who may eventually depend upon your knowledge and integrity. Examples of academic misconduct include, but are not limited to: cheating on an examination (copying from another student's paper, referring to materials on the exam other than those explicitly permitted, continuing to work on an exam after the time has expired, turning in an exam for regrading after making changes to the exam), copying the homework of someone else, submitting for credit work done by someone else, stealing examinations or course materials, tampering with the grade records or with another student's work, or knowingly and intentionally assisting another student in any of the above. The Dept. of Economics will deal with these offenses harshly following UWS14 procedures (

1. The penalty for misconduct in most cases will be removal from the course and a failing grade,

2. The department will inform the Dean of Students as required and additional sanctions may be applied.

3. The department will keep an internal record of misconduct incidents. This information will be made available to teaching faculty writing recommendation letters and to admission offices of the School of Business and Engineering.

If you think you see incidents of misconduct, you should tell your instructor about them, in which case they will take appropriate action and protect your identity. You could also choose to contact our administrator (Mary Beth Ellis: and your identity will be kept confidential.

Notes Regarding H1N1 Flu

To limit the spread of disease, everyone on campus must consider it prudent to stay home from work and class at the first sign of influenza symptoms (fever of 100 degrees F/37.8 degrees C or higher with cough or sore throat) until at least 24 hours after they have been completely fever-free (without fever-reducing medication). For most people, this takes three to five days (health care workers must stay out for a minimum of seven days from symptom onset).

Complete information will be posted at

Important Dates

Course Materials and Sources of Economic Information

Downloadable Course Materials

Required On-line Readings

Additional Optional Readings

News Reports

News Sources

Tracking the Crisis and Recession

Weblogs and Perspectives

Economics and Economic Policy Links

International Organizations

U.S. Government Agencies

Current and Historical Data

Economics 302 Intermediate Macro / UW Madison / / 14 December 2009