At Teaching Economics: http://delong.typepad.com/teaching_economics/macrof18.html
At bCourses: https://bcourses.berkeley.edu/courses/1471771
Course Procedures
Discussions
Announcements
Problem Sets and Other Assignments:
OA0—Purchase and register your iClicker
PS1—Letter to GSI due 2018-08-28 Tu 8 am
PS2—John Maynard Keynes Mini-Essay due 2018-08-31 Fr 11:59 pm
PS3—Introduction to Python due 2018-09-05 We 11:59 pm
PS4—Introducing the Solow Growth Model due 2018-09-14 Fr 11:59 pm
PS5—Using the Solow Growth Model due 2018-09-21 Fr 11:59 pm
PS6—Malthusian Economies: Endogenizing the Labor-Force Growth Rate n due 2018-10-01 Mo 11:59 pm
PS7—Essay on Abramovitz or on Kremer 2018-10-08 Mo 11:59 PM
PS8—Nobel Prize winners Nordhaus and Romer 2018-10-16 Tu 11:59 PM
CANCELED: PS9—Industrial and Post-Industrial Economies: Endogenizing the Efficiency-of-Labor Growth Rate g due 2018-10-15 Mo 11:59 pm
PS10—Reading Skidelsky on Keynes and His Importance
PS??—Cross-Country Productivity Differentials due 2018-10-22 Mo 11:59 pm
PS11—Business Cycles, the Circular Flow, and Aggregate Demand due 2018-10-29 Mo 11:59 pm
PS12—ISLM due 2018-11-05 Mo 11:59 pm
PS13—Inflation and the Phillips Curve due 2018-11-12 Mo 11:59 pm
PS14—Financial Crises due 2018-11-19 Mo 11:59 pm
PS15-"Secular Stagnation" and National Debt due 2018-11-26 Mo 11:59 pm
PS16—Open-Economy Issues due 2018-12-03 Mo 11:59 pm
PS17—Income and Wealth Distribution Issues due 2018-12-10 Mo 11:59 pm
Exercise: Quiz 1
Exercise: Quiz 2
Exercise: Quiz 3
Exercise: Quiz 4
Exercise: Quiz 5
Exercise: Quiz 6
Resources:
Notebook: Solow Growth Model: Initial Computations Admin: Office Hours Signup Sheet
Readings: Required
Readings: Textbook Second Edition:
http://delong.typepad.com/delong-olney-2nd-ed-chs-1-3-1.pdf <--READ THIS! You are responsible for it; but I will not have time to cover it...
http://delong.typepad.com/delong-olney-2nd-ed-chs-4-5.pdf <--We will start here...
http://delong.typepad.com/delong-olney-2nd-ed-chs-6-8.pdf
http://delong.typepad.com/delong-olney-2nd-ed-chs-9-12.pdf
http://delong.typepad.com/delong-olney-2nd-ed-chs-13-end.pdf
Readings: John Maynard Keynes (1930): Economic Possibilities for Our Grandchildren http://tinyurl.com/y9k4othx
Readings: Robert Skidelsky (2010): Keynes: A Very Short Introduction http://amzn.to/2FGtsoE
* Optional: You might find it helpful to read https://www.bradford-delong.com/2017/07/reading-notes-for-robert-skidelsky-keynes-a-very-short-introduction.html either before or after reading the book in order to orient yourself...
DRAFTS: Textbook Third Edition:
Notebooks for the 3rd Edition Draft
- 1.1: DRAFT: Overview
- 1.2: DRAFT: Tracking the Macroeconomy
- 4.1: DRAFT: Sources of Economic Growth
- 4.2: DRAFT: Presenting the Solow Growth Model
- 4.3: DRAFT: Understanding the Solow Growth Model
- 4.4: DRAFT: Using the Solow Growth Model
- 4.5: DRAFT: End of Chapter
- 5.1: DRAFT: Before Modern Economic Growth
- 5.2: UNFINISHED DRAFT: MEG in America
- 5.3: UNFINISHED DRAFT: MEG Around the World
Readings: Optional
Presentation Slides:
2018-08-23 Th: Background
- Macro: Admin Introduction
- Reflections: The 21st C Educational Process (iClickers inclass, disrupting the textbook market, data science, Python)
- Lecture: The Uses of a University
- Lecture: This Is Berkeley!
- PS1—Letter to GSI due 2018-08-28 Tu 8 am
2018-08-28 Tu: Substantive Introduction
- Macro: Admin 2018-08-28
- Lecture: Substantive Intro
- Orientation: Who Are You? And What Do You Know?
- PS2—John Maynard Keynes Mini-Essay due 2018-08-31 Fr 11:59 pm
2018-08-30 Th: Before Modern Economic Growth: Human History from When We Learned to Talk
- Lecture: Hunters and Gatherers: Background
- Computers: Doing the Problem Sets
- Lecture: The Economy: Humans as an Anthology Intelligence
- Tools: Analyzing Growth
- Exercise: Quiz 1
- PS3—Introduction to Python due 2018-09-05 We 11:59 pm
2018-09-04 Tu: The Malthusian Agrarian Era
2018-09-06 Th: Modern Economic Growth and the Solow Growth Model
2018-09-11 Tu: Understanding the Solow Growth Model
- Review: The Shape of the Global Economy in the Very Long Run
- Lecture: Understanding the Solow Growth Model
- Tools: Uses of Mathematics in Economics
- PS4—Introducing the Solow Growth Model due 2018-09-14 Fr 11:59 pm
2018-09-13 Th: Consumption and Well-Being in the Solow Model
2018-09-18 Tu: Using the Solow Growth Model
- Lecture: Using the Solow Model
- Lecture: Assessing Clinton Administration Deficit Policy
- Lecture: Stanford (and Other) Right-Wing Economists Behaving Badly…
- PS5—Using the Solow Growth Model due 2018-09-21 Fr 11:59 pm
2018-09-20 Th: Pre-Malthusian Economies
- Lecture: Applying and Extending the Solow Model: https://www.icloud.com/keynote/0vAqJYRcOdzHpO09_lJOIlZIQ
- Lecture: Malthus’s Shadow: https://www.icloud.com/keynote/0gQH1yvoclRlYne5yVDIUKpag
- Lecture: Fitting Pre-Industrial Experience to a Model: https://www.icloud.com/keynote/0OzjdiQ0B1z4NlvvDrOkkat9w
- Lecture: Human Knowledge, Natural Resources, and Labor Efficiency: https://www.icloud.com/keynote/0vEcqP380_yG3W4AgUW3lLxNw
- Exercise: Quiz 4: https://www.icloud.com/keynote/08ThXYvuwMfDlSWnnwg2CFNyA
2018-09-25 Tu: Malthusian Equilibrium
- Lecture: Macroeconomics: Administration 2018-09-25
- Lecture: Malthusian Equilibrium
- Lecture: Analyzing Malthusian Equilibrium
- Lecture: Escaping Malthusian Equilibrium
- PS6—Malthusian Economies: Endogenizing the Labor-Force Growth Rate n due 2018-10-01 Mo 11:59 pm
2018-09-27 Th: CANCELED—COLD
2018-10-02 Tu: The Industrial Revolution
- Review: Escaping the Malthusian Age
- Tools: Logarithms Refresher
- Lecture: The British Industrial Revolution
- PS7—Essay on Abramovitz or on Kremer 2018-10-08 Mo 11:59 PM
2018-10-04 Th: Economic Growth in the United States
- Review: Fitting Pre-Industrial Experience
- Lecture: Why "Passing the Baton"?
- Lecture: Phases of American Growth
- Lecture: Appalachian and Other Trails
2018-10-09 Tu: The 2018 Nobel-Like Prize in Economic Science: Romer and Nordhaus
- Review: Human Knowledge, Natural Resources, and Labor Efficiency
- Lecture: The 2018 Nobel-Like Prize in Economic Science
2018-10-11 Th: Economic Growth in the United States II
2018-10-16 Tu: Economic Growth Around the World
2018-10-18 Th: Determinants of Growth in the Efficiency of Labor/The Future
2018-10-18: Growth Topics Not Covered:
- Global Warming
- Piketty and Inequality
- The Value-Chain World
- Lecture: New Growth Theory
- Lecture: The Future
2018-10-23: Say's Law and the Business Cycle
- Lecture: What and Why Business Cycles? nbviewer
- Review: Growth Refresher
- Textbook: Flexprice Chapters (only skim chapter 8)
- Optional Readings on Macro
2018-10-25 Th: Flexprice Business Cycles (chs. 6-7)
2018-10-30 Tu: Flexprice Equilibrium
2018-11-01 Th: Sticky-Price Business Cycles: The Keynesian Cross (ch. 9)
- Introducing the Sticky-Price Model (Part IV, Ch. 9) | Lecture Support: http://nbviewer.jupyter.org/github/braddelong/LSF18E101B/blob/master/Introducing_the_Sticky-Price_Model.ipynb
2018-11-06 Tu: The Course of the Cycle
The Course of the Cycle | Lecture Support: http://nbviewer.jupyter.org/github/braddelong/LSF18E101B/blob/master/The_Course_of_the_Cycle.ipynb
2018-11-08 Th: Investment-Savings (ch. 10)
The Multiplier and the IS Curve (Ch. 10) | Lecture Support: http://nbviewer.jupyter.org/github/braddelong/LSF18E101B/blob/master/The_Multiplier_and_the_IS-Curve.ipynb
2018-11-13 Tu: Understanding the Business Cycle Models
Understanding the Business Cycle Models: Review and Problems | Lecture Support: http://nbviewer.jupyter.org/github/braddelong/LSF18E101B/blob/master/Flexprice_Model_and_IS_Curve-Review_and_Problems.ipynb (2018-11-09) UNFINISHED
- Olivier Blanchard, Jonathan D. Ostry, Atish R. Ghosh, and Marcos Chamon (2015): Are Capital Inflows Expansionary or Contractionary? Theory, Policy Implications, and Some Evidence: "The workhorse open-economy macro model suggests that capital inflows are contractionary.... Emerging market policy makers however believe that inflows lead to credit booms and rising output, and the evidence appears to go their way...
2018-11-15 Th: Inflation and the Phillips Curve
2018-11-20 Tu: Expectations
2018-11-27 Tu: Monetary Policy: Away and at the Zero Lower Bound (ch. 13)
- Expectations and Monetary Policy: https://www.icloud.com/keynote/0a3LFfOyYcAh9fqvlF-u0Jz2Q | Lecture Support: http://nbviewer.jupyter.org/github/braddelong/LSF18E101B/blob/master/The_Phillips_Curve_Expectations_and_Monetary_Policy.ipynb
2018-11-29 Th & 2018-12-04 Tu: Financial Crises, Long-Run Effects of Short-Run Shocks, Secular Stagnation, Debts, and Deficits
- From the “Great Moderation” to the Financial Crisis and the Great Recession: https://tinyurl.com/20181129a-delong
- Course Review: https://www.icloud.com/keynote/0HA_6uYorQfMYi_hRNLo23p5Q https://tinyurl.com/20181127b-delong
- Quiz 10: https://www.icloud.com/keynote/09YVXFpLkE2slGL6bILeoEHYA
- FINAL ESSAY: Suppose that you have a roommate taking this course who has done no reading, done no problem sets, gone to no sections, and slept through all the lectures. Write down, in 1200 words, what they most need to know in order to pass the exam in this course. We will read 1200 words, and then stop. Submit your answer electronically...
2018-12-12 Tu: FINAL EXAM
ADMIN:
- okpy.org: https://okpy.org/admin/course/286/ http://okpy.org/cal/econ101b/fa18
- At datahub: http://datahub.berkeley.edu/user/jbdelong/tree/ECON-101B