This is a course in intermediate macroeconomics. We will focus on developing macroeconomic models of economic growth and business cycles. We will pay particular attention to the interactions among theoretical models, data and public policy.
FRED (Federal Reserve Economic Data at Federal Reserve Bank of St. Louis)
- Production model (From Jones, Chapter 4)
Quiz #1: Key; score distribution
Exam 1: Model answers; score distribution
Quiz #2: Key; score distribution
Exam 2: Model answers; score distribution
Readings (in order of classes where we used them)
FRED Blog, “Negative Investment?”
Easterlin, “The Worldwide Standard of Living since 1800.”
Jones and Klenow, “Beyond GDP? Welfare Across Countries and Time.”
Kendrick, Productivity Trends in the United States
ECONOMICS DEPARTMENT STUDENT LEARNING GOALS AND OBJECTIVES
Goal 1: Students of economics will be able to apply economic theory to understand economic issues and policies by:
1.1: Analyzing interactions between human values and economic life;
1.2: Demonstrating a knowledge of and ability to apply appropriate analytical tools; and
1.3: Recognizing the diversity of methodologies practiced in conducting economic analysis.
Goal 2: Students of economics will be able to evaluate evidence bearing on those economic issues and policies by:
2.1: Identifying, locating, and assessing the necessary quantitative and non-quantitative information, facts and arguments; and
2.2: Employing both quantitative reasoning and computing skills where appropriate.
Goal 3: Students of economics will be able to communicate effectively the results of their economic analysis through:
3.1: Clear writing, appropriately supported and documented;
3.2: Effective participation in discussion; and
3.3: For majors, polished oral presentations.