Last Update: Lecture 10 notes are now posted (Posted: Monday, February 06, 2012)
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Economics 110: Principles of Macroeconomics Instructor: Pavel Kapinos Office: Willis 322 Email: pkapinos@carleton.edu |
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Prefect: Jake Alcorn |
Essentials:
Syllabus
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Date |
Lecture |
References: Required | [Recommended] |
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January 5 (Th) |
Lecture 1: Course Overview | Fundamental concepts |
TW 1,2 |
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January 10 (Tu) |
Lecture 2: Production Possibilities Frontier | Supply and Demand |
TW 3 |
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January 12 (Th) |
Lecture 3: Social Welfare and Government Intervention | Elasticity |
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January 17 (Tu) |
Lecture 4: Overview of Macroeconomics | Measurement of Variables |
TW 5,6 | FRED2 database by the Federal Reserve Bank of St. Louis |
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January 19 (Th) |
Lecture 5: Economic Growth: Overview of Issues, Malthusian Model |
TW 17 | Cowen and Tabarrok Ch 6 | Szulga notes on the Malthusian Model | [4 minute overview of the history of economic development] |
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January 19 (Th) @6:45pm in Willis 203 |
Lecture 6: Modern Economic Growth: Solow Model |
TW 9 | [Cowen and Tabarrok Ch 7] | Szulga notes on the Solow Model | [Money, Happiness, and Bulgaria—an Economist update] |
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January 24 (Tu) |
Lecture 7: Growth and Inequality | Spending Allocation Model |
Lecture notes | TW 7 | [Trends in the Distribution of Household Income, 1979-2007 by the CBO, Bakija, Cole, and Heim (2010), The Economist’s Take on Inequality] |
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January 26 (Th) |
Midterm I (with MC answers at the end) |
PSets 1—3, Lectures 1—6 | Sample
Midterm | Sample Midterm 1
Solution (Note: Please take the test under regular test-taking conditions
first and then compare your answers to the solution—or swap tests with a
classmate to grade each other’s work. Disclaimer:
While the micro/macro split and relative topic coverage is likely to be
similar on the test, the actual questions and relevant models may be
different.) |
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January 31 (Tu) |
Lecture 8: Labor Market | Money and Monetary Policy | Banking
System |
TW 8, 10 |
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February 2 (Th) |
Lecture 9: Short-run Fluctuations: The
Aggregate Expenditure Perspective |
TW 11 |
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February 7 (Tu) |
Lecture 10: Fiscal Policy:
Introduction | Aggregate Expenditure | Inequality |
TW 14 (skip AD-IA
discussion for now) | Lecture notes | [Historical evolution
of fiscal variables, US Debt Clock,
How
Would You Cut the Deficits?, Link for your parents, Partisan Politics and
Income Inequality] |
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February 9 (Th) |
Lecture 11:
Monetary Policy: Business Cycle Management | Causes of and Responses to the
Most Recent Crisis |
TW 12, 15 (skip
AD-IA and foreign exchange rate discussion for now) | Lecture notes |
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February 14 (Tu) |
Lecture 12:
Aggregate Demand and Aggregate Supply |
All AD-IA
discussion in TW |
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February 16 (Th) |
Lecture 13: A
Brief Macroeconomic History of the United States |
Lecture notes
(same PowerPoint as Lecture 12) | Monetary Policy Game | [Dealing
with Recessions: An Overview] |
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February 21 (Tu) |
Lecture 14:
Financial Markets: Debt and Equity Basics |
TW 16; lecture
notes |
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February 23 (Th) |
Midterm II |
PSets 1—6, Lectures 1—13 |
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February 28 (Tu) |
Lecture 15:
International Trade 1 |
TW18 |
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March 1 (Th) |
Lecture 16:
International Trade 2 | International Finance 1 |
TW19, TW15 (pp.
372-376) | [Romer on the Dollar:
http://www.nytimes.com/2011/05/22/business/economy/22view.html] |
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March 6 (Tu) |
Lecture 17:
International Finance 2 | Course Overview |
Lecture notes |
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March 12 (Mo) @ 8:30-11am |
Final |
Everything |
Problem Sets:
Problem Set 1, due Thu 1/12
| Solution
Problem Set 2, due Thu 1/19 | Solution
Problem Set 3, due Tue 1/24 | Solution, Excel
work
Problem Set 4, due Thu 2/9 |
Problem Set 5, due Thu 2/16 |
Problem Set 6, due Tue 2/21 |
Problem Set 7, due Thu 3/8 |
Problem Set 8—optional, ungraded, does not have to be turned it
Links:
Macroeconomic updates: Global
Economic Forum by Morgan Stanley
Financial and Economic News: CNN Money,
Economist, Wall
Street Journal
Nobel Prize Laureates in
Economics
FRED II database by the
Federal Reserve Bank of Saint Louis (U.S. data)
Penn World Table Database by the
Center for International Comparisons at the University of Pennsylvania
Mankiw Blog,
Krugman
Blog
IGM Expert Panel
Answers Important Economic Questions