Econ520 - Advanced Macroeconomic Theory¶
Spring 2021 - Prof. Lutz Hendricks¶
- Final exam:
- Dec-7, noon. You will have 3 hours, but I expect that you will need less time than that.
Covers material since (including) Open Economy. But note that material is cumulative. While I will not directly ask closed economy AS/AD questions, for example, most of the concepts from before the midterm recur in the post-midterm material.
Midterm exam: Oct-5 (in class). Material covered up to (including) trade deficits (but not the open economy models).
- Sep-17: Everyone should have contacted me about the term paper by now. If you have not, please do so soon! By week 6 (Sep-23), each student should send me a list of 5 references with a brief summary of the main arguments, pro and con, on their chosen topic.
- There is now a sakai site; to be used in the future for posting grades. It also contains a discussion forum where you can post questions and answers.
- Important: you must have passed Intermediate Macroeconomics to register for this course.
- Important: students who do not attend the first week of classes will be dropped from the course. This is department policy. Please contact me if you need an accomodation.
- Slides will be updated as the course progresses.
- Tips for taking exams
- Of potential interest:
- Business Today's 47th International Conference.
- Internships with NCPIRG
Schedule of Classes¶
No class on Oct-12 (University Day), Oct-21 (fall break), Nov-25 (Thanksgiving).
- Aug-19 (Thu): Introduction, IS-LM model (each of these links leads to the slides that were used in class)
- Aug-24 (Tue): IS/LM Equilibrium, PP (
PPmeans "practice problems"; for your enjoyment; not to be handed in)
- Aug-26 (Thu): IS/LM Equilibrium (cont.)
- Aug-31 (Tue): The term paper, Monetary Policy
- Sep-2 (Thu): Fiscal Deficits, PP
- Sep-7 (Tue): Labor market, PP
- Sep-9 (Thu): Labor market (continued)
- Sep-14 (Tue): AS-AD model, PP (covers Phillips Curve)
- Sep-16 (Thu): AS-AD model (continued)
- Sep-21 (Tue): AS-AD model (continued)
- Sep-23 (Thu): Inflation and unemployment, Inflation expectations and monetary policy, PP
- Sep-28 (Tue): Trade deficits, PP
- Sep-30 (Thu): IS-LM model, PP, IS-LM floating exchange rate
- Oct-7 (Thu): IS-LM fixed exchange rate
- Oct-14 (Thu): AS-AD model,
- Oct-19 (Tue): Policy analysis, PP
- Oct-26 (Tue): Costs and benefits of international trade
- Oct-28 (Thu): Inequality facts, Earnings inequality
- Nov-2 (Tue): The top 1 percent, Intergenerational mobility
- Nov-4 (Thu): Growth facts
- Nov-9 (Tue): Methods for identifying causes and effects,
- Nov-11 (Thu): Institutions, PP
- Nov-16 (Tue): Solow model, Solow diagram, PP
- Nov-18 (Thu): Solow Applications, In preparation, please read How to prevent the end of economic growth
- Nov-23 (Tue): Growth and ideas
- Nov-30 (Tue): Romer model, PP
- Nov-30 (Tue): Policy implications
- Nov-30 (Tue): Last class. Model summary. All questions answered! (or almost all...).