• Math Primer (PDF file).
• Latest unemployment rate from BLS.
• GDP data from BEA.
• GDP shares from St. Louis Fed (FRED)
  
• Assignment 1: Real GDP and Economic Growth.

• CPI: UG & bookstore price indices.  Excel File.

• Power point slides for ch. 3.
• Helpful video on the production function and marginal product
  
• Summary of the neoclassical model
• Handout:  Income shares and exponents.  Arithmetic tricks.
  

• Assignment 2: Graphs of GDP Components.

• Problem set 1: for chapter 3.
• Graphs from FRED: 
  
• Federal surplus or deficit:  Annual  Quarterly  Percentage of GDP
• Graph of Budget Deficits/Surpluses and Real interest rate from FRED.
• Household Saving Rates in OECD nations (2018)
  
• Helpful videos:
• Investment and real interest rate
• National savings and investment
• Loanable funds market and 'crowding out' (slightly different approach than in our textbook)
• Helpful material:
• Additional problems: (similar to question 1 on problem set 1).  More exercises.
• Excel file: National Savings, Investment and the real interest rate: You can change the values for the exogenous variables (for a closed economy) and the consumption and investment equations and excel will compute the values for the endogenous variables.

• Scatterplot:  Consumption and Real Interest Rate

• Readings: "Fiscal Policy, Profits and Investment" from American Economic Review (AER), 2002. The paper can be downloaded and printed from JSTOR.  You do not have read the entire paper (feel free to do so), read pages 571-574 and 586 (conclusion).

• Supply side economics: The Laffer curve. 
  
• Video:  Laffer explaining the curve
  
• Ch. 3 model with (labor) supply-side effect
• Numerical example
  

• Introducing sales tax to the neo-classical model.  Readings:  Mankiw's Three-Point Tax Reform and A Better Tax System  
  

• Unemployment rate in selected countries, in OECD countries.
  
• Additional readings:  "Europe's scrap heap", Economist August 18, 2001, and questions.

Chapter 8: The Economy in the long run (Solow model):  Computing the steady state.

• Ch. 8 slides.  Ch. 8 notes.
• Helpful resources:  Videos: Introduction to the Solow model ; Solow model and the steady state.   
• Assignment 3: Country Comparison
  
• Excel file: Steady State Capital Stock (SScapitalstock.xls).  You can create your own exercises (see also additional exercises listed under week 7)

• Computing the capital stock and the golden rule capital stock: Exercises.
• GDP per capita from several sources (complement of Wikipedia).

• Additional reading related to ch. 7: Paul Krugman's article The Myth of Asia's Miracle . 
  
• GDP per capita in Tiger economies.
• Investment rates in Tiger economies (and other nations)

• Helpful resources: Videos:  Growth with 'ideas' and capital accumulation  Changes in technology (or efficiency) growth and effect on time path of variables.
  
• Productivity differences: Then and now.
• Handout: Graphs of real GDP per capita and growth in per capita GDP in U.S.: Excel file.
  
• GDP per capita growth graph.
  
• Total Factor Productivity in the U.S. and China.
• Videos of the Solow model:  Part I,  II,  III,  IV  V.
  

• Budget deficits, Investment, Capital stock and future output (or income): 
• What do Budget Deficits Do (Mankiw & Ball) ; 
• Sustained Budget Deficits. (Rubin, Orzag & Sinai)

Week 10

Chapter 10: Introduction to Economic Fluctuations.

• Ch.10  notes. 
• Assignment: Are Leading Economic Indicators Leading?
• Handout for stagflation in the U.S. (1974 & 1979)

Week 11
Chapter. 11: Aggregate Demand I: IS/LM model

• ch. 10 and 11 multiple choice practice test

Chapter 12: The algebra of IS/LM (pp. 337-367)

• Problem set 2

• Handout: Multipliers Algebraically (pdf file).
• Effects of (i) changes in Money supply and (ii) changes in Government expenditure on GDP over time.
  

IS-LM related material:
• 46 slides on IS-LM model from Slideshare
  
• IS/LM algebraically (PDF).
• IS-LM in the long-run (PDF, 1 page)
  
• Expected Inflation in IS-LM model:  Graphical illustration
• IS/LM excel file. You set the exogenous variables (for a closed economy) and excel will compute the values for the endogenous variables.
• Monetary policy during the great recession (2008-2009):  Selected slides from Ben Bernanke's lecture in 2012. 
  
• From the Economist:  The Origins of the Financial Crisis & Monetary Policy After the Crash.
  
• Paul Krugman explaining Liquidity trap and a summary of "Debt, deleveraging and the liquidity trap" (paper in full length)
  

Week 12
Chapter 12: equilibrium IS-LM in the short-run and the long-run.

• Problem set 3: Multipliers and IS-LM:  Algebraic and Numerical exercises (pdf file).
• Is a balanced budget requirement a good idea?  The effects on business cycles.
• Robert Samuelson (Washington Post, 2011):  A balanced-budget amendment: Bad idea, for many reasons.
• Clash of Wills (Economist 2001)
  
• Assignment: Balanced Budget Requirement and Business Cycle Effects.
• National Tax Journal (1998):  Balanced Budget and Business Cycles: Evidence From the States.

• 2017 tax bill(s) and computing income taxes under current law.
  

Week 13
Chapter 6: Open Economy Macro (pp. 139-154 & 168)

• Problem set 4: Open Economy: Fiscal Policy, NX, Exchange Rates and open economy multipliers.
• Open Economy Applications.


Additional readings:

• Ch. 6:    Big Mac Index
  
• Ch. 12:  Case studies pp. 387, 388, 394 & 351.

• Assignment: Exchange Rates
• Assignment: Importance of Expectations.

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