Intermediate Macroeconomics

Spring 2020

MODULE 3: AS-AD and MONETARY AND FISCAL POLICY ANALYSIS

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The Agg. Supply - Agg. Demand (AS-AD) Model

Here are my lecture notes for this as well: AS-AD Basics

• AS-AD Video 1: Introduction

• AS-AD Video 2: Graphing AS-AD

• AS-AD Video 3: Long-Run Agg. Supply

• AS-AD Video 4: Short-Run Agg. Supply

• AS-AD Video 5: Consumer Optimism Example

• AS-AD Video 6: Consumer Optimism Part II (includes time paths)

• AS-AD Video 7: Pessimism Example

• AS-AD Video 8: Pessimism Part II (includes time paths)

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Dangerous Expectations

Lecture Notes: Losing control of the macro economy

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Monetary Policy

Zoom Lecture on Policy and Policy Choices

• Read this on Choosing the Right Monetary Policy.

This is my version with notes connecting the material to our class.  It is actually a modifed version of this from the CBPP: Choosing the right Monetary Policy

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Fiscal Policy

Zoom Lecture on the Issues of Debts and Deficits

Lecture notes: On Government Debts and Deficits

• CBO Report on US Federal Debt: A Primer

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Homework 3  due by midnight Thursday, May 7

Early Trade Structures

• Avner Greif, Reputation and Coalitions in Medieval Trade: Evidence on the Maghribi Traders, The Journal of Economic History, Vol. 49, No. 4 (Dec., 1989), pp. 857-882

  • Practice Problems:  

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The Economics of TIME

• EconTalk interview with Daniel Hamermesh

  • Practice Problems:  Econ of Time and Interview

 

Gary Becker's 1965 Classic (Optional)

• "A Theory of the Allocation of Time," by Gary Becker, The Economic Journal. September 1965.

  • Practice Problems:  

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Homework and Keys

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Homework 1 Assignment

Homework 1 Key

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Homework 2 Assignment 

Homework 2 Key

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Homework 3 Assignment

Homework 3 Key

MODULE 1: SOLOW MODEL OF LONG-RUN GROWTH

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Solow Model Basics (mostly done in class)

• Lecture Notes: Handwritten Class Notes on the Solow Model

• Solow Model Video 1: Review

• Solow Model Video 2: Review Golden Rule and max-Consumption Steady State​

• Solow Model Video 3: Review change in Depreciation Rate (delta)

• Solow Model Video 4: Review change in Technology (A)

• Solow Model Video 5: Review Increase in the Savings Rate

• Evaluating Growth Video 1: Basic Solow Model​

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Solow Model with Population Growth

• Solow Model with Pop Video 1: Basics

• Solow Model with Pop Video 2: Basics Pt 2

• Evaluating Growth Video 2: Solow with Population Growth 

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Solow Model with Technological Progress

• Solow Model with Tech Video 1: Overview Pt. 1 

• Solow Model with Tech Video 2: Overview Pt. 2

• Solow Model with Tech Video 3: Exogenous A-Growth

• Evaluating Growth 3 Video: Solow with Exogenous Tech

• Solow Model with Tech 4 Video: Labor-Augmenting Growth

• Evaluating Growth Video 4: Solow with Labor Augmenting Tech

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Evalutating the Solow Models in terms of GDP per Capita

• Lecture Notes: Comparing Models​

 

Homework 1 - due by "midnight" Thursday, April 2

 

Answer Key for Homework 1