180.101.11 - Elements of Macroeconomics

This course introduces basic concepts and models in macroeconomics and applies them towards gaining an understanding of recent events and current policy issues. The course covers a broad range of topics including national income and output, unemployment, inflation, interest rates, exchange rates, as well as monetary and fiscal policies. Time is devoted to analyze recent events and their impact on the economy.

Pre-requisites: Basic facility with graphs and algebra.

Location: Gilman 55

Lecture Times: Mon, Wed, Fri 9:00 am - 12:15 pm

Office Hours: Wed 8:00 am - 9:00 am, or by appointment, in the Gilman Atrium



Lecture 1: Intro

Lecture 2: PPF & Comparative Advantage

Lecture 3: Demand & Supply Analysis, Macroeconomic Variables

Lecture 4: GDP, Inflation

Lecture 5: Unemployment

Lecture 6: Economic Growth

Lecture 7: Financial System

Lecture 8: Aggregate Expenditure, Okun’s Law

Lecture 9: AD-AS

Lecture 10: Monetary Policy

Lecture 11: Phillips Curve, Fiscal Policy

Lecture 12: Open Economy

Lecture 13: International Financial System, Summary

Problem Sets

Problem Set 1: Exercises

Problem Set 2: Exercises

Problem Set 3: Exercises

Problem Set 4: Exercises

Additional Material

Reading: Does International Trade Create Winners and Losers?

Reading: GDP - Does It Measure Up?

Video: A Selfish Argument for Making the World a Better Place

Reading: Output Gap

Reading: What Do Financial Market Indicators Tell Us?

Reading: What Is Keynesian Economics?

Reading: Output Gap (2)

Video: The Fed Explains Monetary Policy

Reading: Fiscal and Monetary Policy in Times of Crisis

Reading: Real Exchange Rates - What Money Can Buy


180.334 (02) - Econometrics

This course gives an introduction to estimation for economic research.

Location: Hodson 316

Lecture Times: Th 03:00 PM - 03:50 PM

Office Hours: Th 01:50 PM - 02:50 PM in the Greenhouse Annex (Map, Entrance)


Introduction: Data file (csv, dta), Do-files (example, log file)

Multiple Linear Regression Model: do-file

Properties of the MLR Model: do-file

Data Screening to Detect Potential Errors: do-file

Dummy Variables and Interaction Terms: do-file

Heteroskedasticity: do-file

Exam 2: Practice Questions

TA Section Evaluation: Survey


Introduction to Stata

Keyboard Shortcuts for Stata

Importance of Using Statistical Software

Stata Returned Results

Econometrics Guide by Tyler Ransom

Cleaning Data in Stata

Intuitive Explanation of Controlling for a Variable by Nick Huntington-Klein

Useful Stata Tips by Francis Smart

Internet Guide to Stata by W. Ludwig-Mayerhofer

Generate LaTeX Output from Stata by Luke Stein

Stata Videos