Study Questions are available for each session to guide your reading. A Textbook Guide is also available to highlight recommended chapters for students who want to augment their knowledge of the material.
| SES # | TOPICS | READINGS |
|---|---|---|
| 1 | The issues, short–term and long–term |
Kennedy, Robert E. “National Income Accounting.” Harvard Business School Case. Harvard Business School Publishing. Case: 9–797–075, November 15, 1996. Bureau of Economic Analysis. “GDP Growth Accelerates in Fourth Quarter.” U.S. Department of Commerce. (PDF) ———. “GDP and the Economy: Third Estimates for the First Quarter of 2011.” U.S. Department of Commerce, July 2011. (PDF) “World Economic Outlook Update.” International Monetary Fund, June 17, 2011. |
| 2 | Determinants of long–term growth | Acemoglu, Daron, Simon Johnson, and James Robinson. “Institutions as a Fundamental Cause of Long–Run Growth.” Chapter 6 in Handbook of Economic Growth, Volume 1A. Edited by Philippe Aghion and Steven N. Durlauf. North Holland, 2006, pp. 388–420. ISBN: 9780444520418. [Preview with Google Books] |
| 3 | Exchange rates for emerging markets |
Alfaro, Laura, Rafael Di Tella, et al. “China: To Float or Not to Float? (A)” Harvard Business School Case. Harvard Business School Publishing. Case: 9–706–021, March 2, 2006. Rigobon, Roberto. “The BB–NN Model.” (PDF - 1.1MB) Johnson, Simon. “Brace for a Long Recovery From Global Credit Glut: Simon Johnson.” Bloomberg, September 11, 2011. |
| 4 | Exchange rates for industrialized countries |
Alfaro, Laura, Rafael Di Tella, et al. “U.S. Current Account Deficit.” Harvard Business School Case. Harvard Business School Publishing. Case: 9–706–002, July 6, 2005 Rigobon, Roberto. “Simple Notes on the ISLM Model.” Boone, Peter, and Simon Johnson. “What Next for Greece and for Europe?” The New York Times, September 15, 2011. |
| 5 | Banking crises | Moss, David A., and Cole Bolton. “The Federal Reserve and the Banking Crisis of 1931.” Harvard Business School Case. Harvard Business School Publishing. Case: 9–709–040, January 20, 2009. |
| 6 | Modern financial crises |
Alfaro, Laura, and Renee Kim. “The First Global Financial Crisis of the 21st Century.” Harvard Business School Case. Harvard Business School Publishing. Case: 9–709–057, April 7, 2009. Bernanke, Ben. “The Financial Accelerator and the Credit Channel.” The Federal Reserve, June 15, 2007 |
| 7 | Japan’s lost decade |
Schraede, Ulrike. “Japanese Financial System: From Postwar to the New Millennium.” Harvard Business School Case. Harvard Business School Publishing. Case: 9–700–049, October 20, 1999. Kwak, James. “Japan for Beginners.” The Baseline Scenario, December 21, 2008. |
| 8 | Crisis in Asia, 1997–98 |
Alfaro, Laura, Rafael Di Tella, et al. “Korea: After the 1997 Financial Crisis.” Harvard Business School Case. Harvard Business School Publishing. Case: 9–707–042, March 20, 2007. Johnson, Simon, and James Kwak. “Other People’s Oligarchs.” Chapter 2 in 13 Bankers: The Wall Street Takeover and the Next Financial Meltdown. Pantheon, 2010. ISBN: 9780307379054. |
| 9 | Who is more prone to crisis now—Europe or the US? | Boone, Peter, and Simon Johnson. “Europe on the Brink.” Peterson Institute for International Economics, Policy Brief 11–13, July 2011. (PDF – 1.6MB) |
