Applied Macro- and International Economics II

Readings

The readings in this course are from the following three sources:

[MIM] = Rigobon, Roberto. Managerial International Macroeconomics (PDF - 4.1MB). (Preliminary and incomplete, March, 2016).

[FT] = Feenstra, and Taylor. International Economics. Worth Publishers, 2014. ISBN: 9781429278423.

[JG] = Gruber, Jonathan. Public Finance and Public Policy. Worth Publishers, 2015. ISBN: 9781464143335.

SES #	TOPICS	Cases, Readings, and Videos
BBNN Framework
1	PROMISE (Part I)
2	BBNN: Internal and External Adjustment	[MIM] Chapter 8: BBNN: Basic (PDF).
3	Short Run Adjustment: ASAD	Rotemberg, Julio J. “Japan: Betting on Inflation?” Harvard Business School Case. Harvard Business School Publishing. Case: 9–714–040, January, 2014.
4	Automatic Adjustment and External Account Measurement	Alfaro, Laura, Rafael Di Tella, et al. “The U.S. Current Account Deficit.” Harvard Business School Case. Harvard Business School Publishing. Case: 9–706–002, July, 2005. Recommended [FT] Chapter 16: National and International Accounts.
5	Shocks to BB and NN	[MIM] Chapter 9: BBNN: Shocks (PDF).
6	Social Peace Line and Political Cycles	Di Tella, Rafael M., and Eliseo Neuman. “Menem and the Populist Tradition in Argentina.” Harvard Business School Case. Harvard Business School Publishing. Case: 9–700–061, March, 2000. [MIM] Chapter 11: BBNN: Social Peace (PDF).
7	Environmental Restriction Line	[MIM] Chapter 12: BBNN: Sustainability (PDF).
8	Offshoring Exercise	Yoffie, David B., and Heather A. Hazard. “New Theories of International Trade.” Harvard Business School Case. Harvard Business School Publishing. Case: 9–390–001, July, 1989. [MIM] Chapter 14: Trade: Comparative Advantages (PDF - 1.2MB). Recommended [FT] Chapter 2: Trade and Technology: The Ricardian Model.
Economic Policy
9	Fish Banks and Pareto Efficiency	Donald N. Stengel “Managerial Economics- Concepts and Principles 8-Market Regulation.”  Harvard Business Review. Harvard Business School Publishing. Case: BEP076, June 15, 2011.
10	Market Faillure: Natural Monopolies: Natural Resources	Recommended [MIM] Chapter 18: Preliminaries on Public Finance.
11	Market Faillure: Crime, Corruption, and Institutions
12	Market Faillure: Public Goods: Social Security	Besanko, David, and Saahil Malik. “Reforming Social Security Around the World.” Harvard Business Review. Harvard Business School Publishing. Case: KEL493, March 25, 2010. [JG] Chapter 7: Public Goods: Problems and Solutions. Recommended [JG] Chapter 13: Social Security.
13	Market Faillure: Public Choice: Democracy	[JG] Chapter 9: Implementing Public Goods: Political Economy and Public Choice.
14	Market Faillure: Externalities: Lobsters and Taxes	Debaere, Peter. “A Framework to Think About Pollution: Externalities, Pollution Taxes, and Cap and Trade.” Harvard Business Review. Harvard Business School Publishing. Case: UV5687. April 26, 2011. [JG] Chapter 5: Externalities: Problems and Solutions. Recommended [JG] Chapter 6: Externalities in Action: Environmental and Health Externalities.
15	Market Faillure: Unaceptable Outcomes: Poverty and Inequality	Krugman on Piketty: Krugman, Paul. “The Piketty Panic,” The New York Times, April 24, 2014. Solow on Piketty: Solow, Robert M. “[Thomas Piketty Is Right](http://www.newrepublic.com/article/117429/capital-twenty- first-century-thomas-piketty-reviewed).” New Republic, April 2014. Summers on Piketty: Summers, Lawrence H. “The Inequality Puzzle.” Democracy, no. 33 (2014): 696. Recommended [JG] Chapters 12 and 17.
New Technologies
16	New Technologies: Cryptocurrencies	Video Khan Academy. “Bitcoin: What is it?” May 3, 2013.
17	New Technologies: Payment Systems
18	New Technologies: Economic Measurement
19	PROMISE (Part II)
20	Life through Others	Video TEDx Talks. “How Will You Measure Your Life?” July 17, 2012.