If time permits, we will study financial intermediation. In particular, we will discuss bank runs. This is one of the few textbooks of intermediate macroeconomics that present the materials in a coherent neo-classical approach. We will follow the book all the way up to at least Chapter 8. The book is no easy reading.
Concentrated attention is needed to understand the book.
We will use Chapters 3 to 6 of the book to study the IS-LM model. The numerical grade is equal to the higher number of the following 2 items. There will be at least one homework problem for each lecture. The good news is that one could hope to earn an A without taking the final. For any other problem, write a statement clearly explaining why your homework or exam deserves a better grade, and submit the statement together with your homework or exam to me.