• Syllabus
   
• ANNOUNCEMENTS
   
  *NEW*: FINAL EXAM REVIEW questions
   
  Final Exam on Tuesday, May 22
• In preparation for the final study the Final Review Questions (to be posted here shortly) the Study Notes posted below, as well as your own notes. Also review chapters 9-18 in Froyen, as well as all assigned readings from the The General Theory.
   
  Midterm Exam on Thursday, March 15.
   
  MIDTERM REVIEW questions
   
• Homework Assignments

        *NEW*: HWK Assignment 3: Due date: Tuesday, May 1. (due at the beginning of class)

        HWK Assignment 2: Due date: Tuesday, March 6.

        HWK Assignment 1: Due date: Tuesday, February 13.

       

• Study Notes

           History of Thought diagram

           Neo Classical Model: Brief overview, Class notes #1, Class notes #2

           Keynesian Model;

           Keynesian vs. Neoclassical rate of interest

           New: Aggregate Demand and Aggregate Supply: Ch 9

           Monetarism Mark I: Ch 10

           New: Monetarism Mark I and the Phillips Curve: Ch 11

           New: New Classical Economics: Monetarism Mark II: Ch 12

           New: Real Business Cycle: Ch 13

           New: New Keynesian Economics: Ch 13

           Summary Tables of Schools of Thought in Macroeconomics

 

• Exercises
  Exercise 1: (bring to class Thursday, Feb 1) Inflation vs. Unemployment
   
• Study Questions

        MIDTERM REVIEW questions

        Ch 3 Study Questions

        Ch 4 Study Questions

• Data

        National Income and Product Accounts

        Bureau of Labor Statistics

        NBER business cycle data: 1 page summary; or official website

        Interactive Philips Curve

• For Further Reading

          The Political Economy of The Philips Curve, by M. Sawyer (Thames Papers in Political Economy Summer 1987)    

          "Introduction" by Paul Krugman to The General Theory of Employment, Interest, and Money, by John 

        Maynard Keynes

        "The Social Origins of Money: The Case of Egypt", by John Henry in Credit and State Theories of Money       

        (Wray, ed.). Edward Elgar

        "Benjamin Franklin and the Birth of a Paper Money Economy", by Farley Grubb, Federal Reserve Bank of

        Philadelphia, 2006.

 

        other:

        A Perspective on Inflation Targeting Remarks by Governor Ben S. Bernanke at the Annual Washington

        Policy Conference of the National Association of Business Economists, Washington, D.C. March 25, 2003

        The Taylor Rule: A Guidepost for Monetary Policy by Charles T. Carlstrom and Timothy S. Fuerst, Federal 

        Reserve Bank of Cleveland