|
Class |
Topic |
Required
Textbook or Case Reading* |
Required
Other |
Optional
|
Assignment
Due |
|
28-Aug |
Measurement |
ABC
1,2 |
The Myth of Asia's Miracle
(Foreign Affairs, Paul Krugman, 1994) |
RIP GDP
(NYT 2009.08.09); Hey
Big Number, Make Room for the Rest of Us (NYT 2008.9.30); Energy
Dept. Said to Err on Coal Project (NYT 2009.3.11); The
Acceleration in US TFP After 1995 (Chicago Fed 2004); Series of articles on biases in the CPI
(JEP 2003); All
of Inflation’s Little Parts (NYT 2008.5.3) |
|
|
Productivity |
ABC
3.1, 3.2 |
|
|||
|
11-Sep |
Labor
Supply, Saving |
ABC
3.3, 4.1, Appendix 4A |
|
The
Tax Cut Con (NYT 2003.09.14); Do Tax Cuts Starve
the Beast? (Romer and Romer
2008) |
PS 1 |
|
Investment=Saving |
ABC
4.2, 4.3, 9.2 |
|
|||
|
25-Sep |
Money |
ABC
7, 9.3 |
|
Cash-Strapped California's
IOUs: Just the Latest Sub for Dollars (WSJ 20090725); How
Bad is Inflation in Zimbabwe? (NYT 2006.0503); As
Inflation Soars, Zimbabwe Economy Plunges (NYT 2007.02.07); Why Minimum Wage
Hikes May Not Reduce Employment ( |
PS 2 |
|
Unemployment |
ABC
3.5, 12 (skim) |
|
|||
|
9-Oct |
ISLM |
ABC
9; review of lectures 5,7 |
Mixed
Economic Data Show A Changing Business Cycle (WSJ 2008.09.08) For more,
see a
running summary of this debate here |
Diagnosing
depression (Economist 2008.12.30); The
Economy is Bad, but 1982 Was Worse (NYT 2009.1.22); A
thoroughly modern recession (Economist 2008.12.04); How
the Government Dealt with Past Recessions (NYT 2009.1.26); FDR's
Example Offers Obama Cautionary Lesson (NYT 2009.1.26) |
PS 3 |
|
Business
Cycles |
ABC 8 |
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|
23-Oct |
Keynesians |
ABC
10 |
How
Did Economists Get it So Wrong? (NYT 2009.9.7) |
Flacking for Rubinomics
(WSJ 2002.12.27), Response
to above by Gale and Orszag (WSJ 2003.01.09), Where
Have all the Keynesians Gone (BW 2003.02.03), Gale
and Orszag’s original Brookings paper
(2002.12.17) |
PS 4 |
|
Classicals |
ABC
11 |
|
|||
|
6-Nov |
Keynesians/Classical
Redux |
ABC
13.1, 13.2 |
|
When a
Flow Becomes a Flood (Economist 2009.1.22); The
battle of Smoot-Hawley (Economist 2008.12.18); Global Trade
Posts Sharp Decline (WSJ 2009.1.14); Buy
American Rider Sparks Trade Debate (WP 2009.1.29) |
PS 5 |
|
The Current
Account |
|
||||
|
20-Nov |
Exchange
Rates, Open Economy Macro |
ABC
13.3, 13.4 |
|
TBD |
PS 6 |
|
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|
4-Dec |
Double
Session |
|
|
TBD |
PS 7 |
|
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|
4-Dec |
Take-Home
Final |
|
|
|
|
|
(Due Date
TBD) |
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