ChrisBALL

Outline and Chapters

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Table of Contents

• Chapter 0 - Preface

• Chapter 1 - Introduction

  • The Island Setup

  • Fundamental Decisions​ of Who Does What and Who Gets What

    • 2022 Spring Class: "Handout on Setup" (PDF)

  • Historical Solutions: monarchies, communism, and freedom

    • Older draft notes: HO 00 Initial Set Up LaTex (PDF)​

• Chapter 2 - Allocating Resources and the Distribution of Income

  • The fundamental constraint is time​

  • Allocating our labor

  • Marginal Productivity, Wages, and Productivity

• Chapter 3 - Economic Growth 1 - The Division and Specialization of Labor

• Chapter 4 - Growing Pains 1: The Role of Transaction Costs

  • Transaction Costs - Coase, Williams, North and how to think our social institutions are shaped

  • Transaction Costs and a Minimal Umpire State

  • Transaction Costs and The Birth of Money

• Chapter 6 - Markets, Prices and the Distribution of Income

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• Chapter 7 - Intertemporal Choices 1: Investment, Savings, and Basic Financial Markets

  • Savings and the Desire to Smooth Consumption​

  • Investment Decisions

  • The Fundamental Role of Financial Markets

• Chapter 8 - Economic Growth 2 - The Solow Model and New Growth Theories

• Chapter 9 - Growing Pains 2: Bigger Government

  • Transaction Costs, Government and Money

    • How much money should the government print? An Introduction to the Quantity of Money​

  • Banks and Government Money Management​​

  • Taxes, Budgets and Paying for Government

• Chapter 10​ - Aggregate Shocks: Can All Our Islanders Smooth Consumption and Weather Storms at Once?

  • Savings, Investment and Aggregate Constraints

  • Aggregate Shocks and Government Efforts

    • Social Insurance and Automatic Fiscal Stabilizers

    • Fiscal Stimulus and Multipliers

    • Monetary Policy

  • In the Long Run We're All Dead and Money is Neutral​

    • Concepts of the natural rate of unemployment, potential GDP and money neutrality​

• Chapter 11 - The Open Economy and Easing our Closed Economy Constraints​

  • Savings and Investment again​

  • Smoothing Aggregate (Domestic) Consumption and Weathering Aggregate Shocks​

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Standard Macro Topics

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Aggregate Demand - Aggregate Supply Analysis

Money Markets, Interest Rates and Monetary Policy

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