Textbook
[Barro] = Barro, Robert. Intermediate Macroeconomics. 1st ed. Cengage Learning, 2010. ISBN: 9781111486587. [Preview with Google Books]
| SES # | TOPICS | READINGS |
|---|---|---|
| 1 | Introduction | [Barro] Chapters 1, and 2. |
| 2 | The Solow Model: An Introduction to Macroeconomic Modeling and Economic Growth |
[Barro] Chapters 3, 4, and 5. Solow, Robert M. “A Contribution to the Theory of Economic Growth.” The Quarterly Journal of Economics 70, no. 1 (1956): 65–94. Mankiw, N. Gregory, David Romer, et al. “A Contribution to the Empirics of Economic Growth.” The Quarterly Journal of Economic Growth 107, no. 2 (1992): 407–37. |
| 3 | Consumption and Saving |
[Barro] Chapter 7. Hall, Robert E. “Stochastic Implications of the Life Cycle-Permanent Income Hypothesis: Theory and Evidence.” (PDF - 1.6MB) Journal of Political Economy 86, no. 6 (1978): 971. |
| 4 | Labor Supply | No readings |
| 5 | The Neoclassical Growth Model (aka Ramsey Model) | No readings |
| 6 | First Exam | No readings |
| 7 | Endogenous Growth |
[Barro] Chapter 5. Lucas Jr., Robert E. “Making a Miracle.” Econometrica 61, no. 2 (1993): 251–72. |
| 8 | Fiscal Policy: Taxation, Public Debt, and Redistribution |
[Barro] Chapters 13, and 14. Barro, Robert J. “Are Government Bonds Net Wealth?” Journal of Political Economy 82, no. 6 (1974): 1095–117. Diamond, Peter. “National Debt in a Neoclassical Growth Model.” American Economic Review 55, no. 5 (1965): 1126–50. Meltzer, Allan H., and Scott F. Richard. “A Rational Theory of the Size of Government.” Journal of Political Economy 89, no. 5 (1981): 914–27. Alesina, Alberto, and George-Marios Angeletos. “Fairness and Redistribution.” The American Economic Review 95, no. 4 (2005): 960–80. |
| 9 | Economic Fluctuations: Neoclassical Framework (Real Business Cycles, Monetary Neutrality) | [Barro] Chapters 8, 9, and 11. |
| 10 | Economic Fluctuations: Nominal Frictions (Nominal Confusion, Sticky Prices / Wages) | [Barro] Chapters 15, and 16. |
| 11 | Monetary Policy: Stabilization Policies and Rules vs. Discretion | Barro, Robert J., and David B. Gordon. “Rules, Discretion and Reputation in a Model of Monetary Policy.” Journal of Monetary Economics 12, no. 1 (1983): 101–21. |
| 12 | Second Exam | No readings |
| 13 | Financial Crises and Coordination Failures |
Calvo, Guillermo. “Servicing the Public Debt: The Role of Expectations.” The American Economic Review 78, no. 4 (1988): 647–61. Diamond, Douglas W., and Philip H. Dybvig. “Bank Runs, Deposit Insurance, and Liquidity.” Journal of Political Economy 91, no. 3 (1983): 401–19. |
