Readings
The text for the course is the third edition of Macroeconomics, by Olivier Blanchard. Below is the list of topics covered in class. There are also two additional readings recommended. Finally, it is also suggested that students get into the habit of browsing the daily newspaper The Wall Street Journal or The Financial Times, or the weekly magazine The Economist at least a couple of times a month; all offer good (and well-written) coverage of economic events, and will provide some context for the course.
| TOPICS | CHAPTERS |
|---|---|
| What is Macroeconomics About? | 1 |
| National Income Accounting | 2 |
| The Goods Market | 3, 19-2 |
| The Money Market | 4 |
| The 1S-LM Model | 5 |
| The Labour Market | 6 |
| The AD-AS Model | 7-9 |
| Economic Growth | 10-13 |
| The Real Interest Rate and Present Value | 14 |
| The Stock and Bond Markets | 15 |
| Consumption | 16 |
| Investment | 16 |
| Expectations, the Real Interest Rate, and 1S-LM | 17 |
| Openness in Goods and Financial Markets | 18 |
| Output, the Interest Rate and the Exchange Rate | 20 |
| The Exchange Rates and Prices | 21 |
| Depressions and Slumps | 22 |
| High Inflation | 23 |
| Policy Discretion | 24 |
| Monetary Policy | 25 |
| Fiscal Policy | 26 |
| The Story of Macroeconomics | 27 |
Additional Readings:
"International Linkages." (Chap. 6) Pp. 175-217.
National Association for Business Economists. "Going Down." 5 Oct., 2002.
