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 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 Set 1: Exercises
Problem Set 2: Exercises
Problem Set 3: Exercises
Problem Set 4: Exercises
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
Exam 2: Practice Questions
TA Section Evaluation: Survey
Importance of Using Statistical Software
Econometrics Guide by Tyler Ransom
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