|
Fall
2000
prof.
Irina
Denisova
Basic
Texts:
Jeffrey D. Sachs and Felipe Larrain B. (1993) Macroeconomics
in the Global Economy (S&L) Rudiger
Dornbusch and Stanley Fischer (1990) Macroeconomics (fifth
edition) (D&F)
Requirements:
There will be 6 problem sets, distributed on Thursdays and to
be handed in to the teaching assistants in sections a weak later.
There will be a final exam given at the end of the module. Problem
sets will comprise 30% of the final grade and the exam will
account for 70%.
Office
hours: My office hours are on Tuesdays and Thursdays, 16.00-17.00,
and by appointment. My e-mail address is idenisov@nes.ru
Syllabus
and Reading
1.
Aggregate Demand Components and Their Determinants: A Brief
Review. Macroeconomic Policies and Output Determination: Closed
Economy (S&L, Ch.12, D&F, Ch.4, 5) [2 lectures]
2.
Macroeconomic Policies in the Open Economy: Fixed Exchange Rates
(S&L, Ch.13, D&F, Ch.6)
[2
lectures]
3.
Macroeconomic Policies in the Open Economy: Flexible Exchange
Rates (S&L, Ch.14, D&F, Ch.6) [3 lectures]
4.
Some Extentions of the Traditional IS-LM Framework [1 lecture]
5.
Inflation and Unemployment (S&L, Ch.11, 15, 16, D&F,
Ch.14) [3 lectures]
6.
Long-Term Growth and Business Cycles: An Introduction (S&L,
Ch.17, 18) [1 lecture]
7.
Financial Markets: An Introduction (S&L, Ch.20) [1 lecture]
8.
Tradable and Non-Tradable Goods (S&L, Ch.21) [1 lecture]
Additional
Readings:
- M. Feldstein
(1978), “The Private and Social Costs of Inflation,” American
Economic Review, Vol. 68, No.2, pp.155-8
- W.Poole
(1970), “Optimal Choice of Monetary Policy Instruments in
a Simple Stochastic Macro Model,” Quarterly Journal of
Economics, Vol. 84, pp.197-216
- K.Brunner,
A.Meltzer (1988), “Money and Credit in the Monetary Transmission
Process”, American Economic Review (Papers and Proceedings),
Vol. 78, No.2, pp.446-51
- J. D.
Sachs (1996), “Economic Transition and the Exchange-Rate Regime”,
American Economic Review (Papers and Proceedings),
Vol. 86, No.2, pp.147-52
- N.Gregory
Mankiw (1990), “A Quick Refresher Course in Macroeconomics”,
Journal of Economic Literature, Vol.28, pp. 1645-60
- M.Pagano
(1993), “Financial Markets and Growth: An Overview”, European
Economic Review, Vol.37, pp.613-22
|
