Last Update: All MT2 material is now posted (Posted: Tuesday, May 15, 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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March 27 (Tu) |
Lecture 1: Course Overview | Fundamental concepts |
TW 1,2 |
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March 29 (Th) |
Lecture 2: Production Possibilities Frontier | Supply and Demand |
TW 3 |
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April 3 (Tu) |
Lecture 3: Social Welfare and Government Intervention | Elasticity |
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April 5 (Th) |
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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April 10 (Tu) |
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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April 12 (Th) |
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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April 17 (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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April 19 (Th) |
Midterm I (with MC answers at the end) |
PSets 1—3, Lectures 1—6 | W’12 Midterm I (with MC answers at the
end) | 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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April 24 (Tu) |
Lecture 8: Labor Market | Introduction to Money |
TW 8, 10 |
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April 26 (Th) |
Lecture 9: Introduction to Monetary Policy
and the Banking System | Short-run Fluctuations: The Aggregate Expenditure
Perspective |
TW 10, 11 |
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May 1 (Tu) |
Lecture 10: Fiscal Policy:
Introduction | Aggregate Expenditure |
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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May 3 (Th) |
Lecture 11: Business Cycle Management:
Fiscal Policy (Cont’d) | Monetary Policy |
TW 12, 15 (skip
AD-IA and foreign exchange rate discussion for now) | Lecture notes |
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May 8 (Tu) |
Lecture 12: Aggregate Demand and
Aggregate Supply |
All AD-IA
discussion in TW | [Monetary
Policy Game] |
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May 10 (Th) |
Lecture 13: The Great Recession |
Lecture notes | [Dealing
with Recessions: An Overview] |
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May 15 (Tu) |
Lecture 14: Financial Markets: Debt
and Equity Basics |
TW 16; lecture
notes |
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May 17 (Th) |
Midterm II |
PSets 1—6, Lectures 1—13 | W’12 Midterm II (with MC answers at the
end) | Sample Midterm 2 | Sample Midterm 2 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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May 22 (Tu) |
Lecture 15:
International Trade 1 |
TW18 |
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May 24 (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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May 29 (Tu) |
Lecture 17:
International Finance 2 | Course Overview |
Lecture notes |
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TBD |
Final |
Everything | MC Practice Questions for the Final | Solution | Disclaimer:
The final will have the same format as the two midterms |
Problem Sets:
Problem Set 1, due Thu, 4/5 | Solution
Problem Set 2, due Thu, 4/12 | Solution, Excel
work
Problem Set 3, due Tue, 4/17 | Solution, Excel
work
Problem Set 4, due Thu, 5/3 | Solution, Excel
work
Problem Set 5, due Thu 5/10 | Solution, Excel
work
Problem Set 6, due Tue 5/15 | Solution
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