Macro Analysis

links and files

textbook and course materials

• N. Gregory Mankiw. Macroeconomics.
• my macro lecture notes (PDF)
• David W. Pearce (ed). The MIT Dictionary of Modern Economics.

course outline

• Lecture 0 – Preface


• Lecture 1 – Introduction and Math Review
• What's the difference between Marginal Cost and Average Cost?
• Calculus Tricks 1
• Homework 1C
• Calculus Tricks 2
• Homework 1D
• Notes on Logarithms
• read:   Mankiw, chaps. 1 and 2
• Lecture 2 – The Production Process
• Why does a Firm Maximize its Profit where Marginal Revenue equals Marginal Cost?
• Notes on Profit Maximization
• Notes on the Zero Profit Result
• Homework 2
• read:   Wikipedia on the production function
• Lecture 3 – The Distribution and Allocation of National Income
• read:   Mankiw, chap. 3
• Lecture 4 – Economic Growth: the Solow Model
• Homework 4
• Answers to Homework 4
• read:   Mankiw, chap. 8
• Lecture 5 – Economic Growth: Transition Dynamics
• Homework 5
• Answers to Homework 5
• read:   Mankiw, chap. 9
• Lecture 6 – Economic Growth: Human Capital
• What factors affect a country's level of economic development?
• Homework 6
• read:   Mankiw, chap. 10
• Lecture 7 – Economic Growth: Technological Progress
• note:   we will skip this lecture
• Lecture 8 – Supply, Demand and Equilibrium
• Homework 8
• note:   we will skip this lecture
• Lecture 9 – Unemployment in the Long Run
• Homework 9
• read:   Mankiw, chap. 7
• Lecture 10 – Money and Inflation in the Long Run
• Homework 10
• read:   Mankiw, chaps. 4 and 5
• Lecture 11 – Economic Fluctuations: the Goods Market
• Homework 11
• read:   Mankiw, chap. 12
• Lecture 12 – Economic Fluctuations: the Goods and Money Markets
• Homework 12
• read:   Mankiw, chap. 12
• Lecture 13 – Output and Inflation in the Short Run
• Homework 13
• read:   Mankiw, chap. 13
• Lecture 14 – the Short-Run Tradeoff between Inflation and Unemployment
• Homework 14
• read:   Mankiw, chap. 15
• Lecture 15 – Financial Crises and Aftermath
• Reinhart and Rogoff, preface, preamble, chaps. 1, 3, 10, 13 and 14
• notes on classification of financial crises
• notes on causes and consequences of banking crises