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. We shall cover a broad range of topics including national income and output, unemployment, inflation, interest rates, exchange rates, as well as monetary and fiscal policies. We will also analyze the 2008-09 financial crisis and its impact on the economy.

Pre-requisites: Basic facility with graphs and algebra.

E-mail: msolism1@jhu.edu

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 and Midterm

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.

E-mail: msolism1@jhu.edu

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