MACROECONOMICS   

ECO 102-05   Tuesday - Friday    2:00 - 3:20   BB 124

Fall 2019

  

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ADDITIONAL READINGS AND ARTICLES

The following articles and readings are related to the topics covered in the Course Schedule

Chapter and Topic Article/Reading
  1  Economics      
  2  US Economy 2009 Bad, 1982 Worse Long recovery Looks Like Recession  
  3  Scarcity and Choice      
17  International Trade Trade Gains   Effects of Trade Wage Increases in China
  Global Trade and Inflation Production Costs Increases in China U. S. Mfg. and Exports
  2016 01 China's Effect on U. S. Labor    
  4  Demand and Supply      
  5  Introduction to Macroeconomics Worldwide Unemployment and Instability Unemployment trends Growth Emphasis Misguided
  6  Goals of Macroeconomics      
  7  Economic Growth Real Wages and Productivity Opportunities for Growth Parkin: Growth Models
21 Poverty, Inequality and Discrimination    Income, Wealth, Happiness Reasons for Income Inequality Gini coeffients of States
  Facts about US Taxes Danes Rethink Welfare State Income Inequality and Growth
  8  Aggregate Demand and Consumption        
  9  Demand Side Equilibrium      
10  Supply Side      
11  Fiscal Policy State Local Job Gains in Recessions Tax Cuts and Effects on GDP  
12  Money and Banking System Paper money in MA Trying to Rein in Too Big to Fail Institutions  
13  Monetary Policy Transmission mechanism Bernanke's Next Task  
14  Monetary and Fiscal Policy Debates Benefits of Stimulus Package    
15  Budget Deficits Taxes and GDP Selling US Bonds U. S. Debt Level
  You Fix the Budget Deficit Budget Deficit Solutions Rising Deficits because of Mismanaged Cuts
16  Inflation and Unemployment Tradeoff      
18  Exchange Rates Exchange Rates and Policy 2018 US 2017 Balance of Payments  
19 Exchange Rates and the Macroeconomy Current Account Deficit 2016 12 Don't Worry about the Trade Deficit  

For an analysis of the causes of the 2008-9 recession, its current characteristics and possible implications see the following:

Causes Current Characteristics Policy Implications
Posner: A Failure of Capitalism Chapter 1 Asian Recovery from Recession  
     
CHAPTER 14 AMS FINANCIAL CRISS AND GREAT RECESSION    

Stigilitz: The Failure of Macroeconomics in America (March 2011)

   

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