… to be modified as the term progresses, speakers & readings & due dates for Capstone pieces …
Economics 398 Winter 2015 Schedule MWF 9:05 am – 10:00 am Huntley 220 |
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Week I Introduction |
Mon 12 Jan |
Course Introduction |
Macro News: CES and CPS (Jan 9 release) |
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Wed 14 Jan |
Why Economic Controversies? |
Read Krugman “Why?“
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Fri 16 Jan Drop-Add Ends |
Brainstorming: EconLit, Blogs, |
Today’s Economy: CPI (8:30 am release): Data at BLS |
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Week II Growth |
Mon 19 Jan ODK MLK |
Growth Models |
Solow seminal 1956 theory paper |
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Wed 21 Jan |
Solow continued |
Solow 1957 empirical paper |
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Fri 23 Jan |
Mandatory Office Hours |
sign up in advance |
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Week III Growth II |
Mon 26 Jan |
Mandatory Office Hours |
sign up in advance |
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Wed 28 Jan |
Is Growth Over? |
Gordon Is Growth Over? |
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Fri 30 Jan |
Solow Spreadsheet |
Excel simulation Macro News: GDP 2014 IV “Flash” release |
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Week IV OLG Issues |
Mon 2 Feb |
Endogenizing Variables: Consumption |
Lifecycle readings |
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Wed 4 Feb |
Social Security and Overlapping Generations |
Focus on Orszag & Stiglitz, glance at the others as time permits CBO overview, Ten Myths (Brown Hassett Smetters), Ten Myths (Orszag Stiglitz, pp 36f), and Wikipedia I will work through one formal model in class. |
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Fri Feb 6 |
Debt & Deficits: Simple Analytics |
misc on Reinhardt & Rogoff controversy |
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Week V RE Models |
Mon 9 Feb |
Rational Expectations I: Friedman |
Friedman readings: AEA Presidential Address and Nobel Prize Address |
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Wed 11 Feb |
Rational Expectations II: Monetary Neutrality |
Smitka Rational Expectations Model Macro News: Job Openings and Labor Turnover Survey |
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Fri 13 Feb |
topic presentations |
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Week VI Multiplier |
Mon 16 Feb |
Topic Presentations |
sign up in advance |
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Wed 18 Feb |
NO CLASS – IN DETROIT |
NO CLASS – IN DETROIT short notes by Brad deLong and Robert Barro Macro News: PPI release 8:30 am; homework assignment in lieu of class TBA |
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Fri 20 Feb |
Formal Tests: Wars |
Gordon and Krenn on WWII |
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Midterm Break Saturday 21 Feb – Sunday 1 Mar |
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Week VII |
Mon 2 Mar |
Macroeconometrics |
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Wed 4 Mar |
Macroeconometrics: Continued |
Smitka handout (cont.) |
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Fri 6 Mar |
Application: VARs and Multipliers Discuss Corsetti 2012 |
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Week VIII
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Mon 9 Mar |
MANDATORY OFFICE HOURS |
sign up in advance |
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Wed 11 Mar |
MANDATORY OFFICE HOURS |
sign up in advance |
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Fri 13 Mar |
Science Society & the Arts |
classes cancelled |
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Week IX |
Mon 16 Mar |
Monetary Policy: Prof Taylor Rules? |
further model building blocks |
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Wed 18 Mar |
DSGE I: A Base Model |
Lisenkova et al. (2012). The Impact of Population Ageing on the Labour Market… University of Strathclyde Discussion Papers in Economics No. 12-13. |
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Fri 20 Mar |
DSGE II |
further models |
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Week X
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Mon 23 Mar |
Macro History I |
Fair macro models & Villaverde review of Fair |
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Wed 25 Mar |
Macro History II |
The Great Moderation |
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Fri 27 Mar |
Macro History III |
de Vroey, de Vroey & Malgrange |
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Week XI Wednesday Class |
Mon 30 Mar |
Globalization Essay |
written in class |
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Wed 1 April |
Term Paper Presentations |
Mary Beth Benjamin Katherine Klinedinst Porter Grieve Andrew Winter |
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Fri 3 Apr |
Term Paper Presentations |
Maddy Maguire Matthew Moore Christian von Hassel |
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Week XII
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Mon 6 Apr |
Term Paper Presentations |
HeeJu Jang Stephen Moore Mark Sanders Keifer Winn |
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Wed 8 Apr |
Griffin Cook Liz DePlautt Oliver Liu |
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Fri 10 Apr |
Course Summary: IMF Blanchard et al. |
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| Final Exams [?? none for Econ 398 ??] | |||
