Intermediate Macroeconomics
Intermediate Macroeconomics
Intermediate Macroeconomics
Employment and Unemployment
Inflation
Okun's Law
Review for Exam 2 Exam 2 Answers
Economic Growth Resources
- National Economic Accounts from the Bureau of Economic Analysis.
Economic Growth Resources
- Penn World Table
- Cobb-Douglas Production Function
- The Solow Growth Model
- Multifactor Productivity
- Readings on Economic Growth
Read the following by Paul Romer, one of the leading economists in the field.
Assignments: (choose ONE)
- DeLong and Lucas on economic growth:
It may help to know
- deLong was the deputy to Clinton's Secretary of the Treasury, and has called for the impeachment of George W. Bush.
- Lucas (Nobel Prize, 1995) can be counted on to take the conservative side of most issues, and signed a letter supporting Bush for the presidency in 2004.
Would you expect them to be in conflict in evaluating the effects of economic growth?
Are they?
Your essay should not limit itself to a summary of their positions, but shold try to point out what they have in common and how they differ :
- Do they disagree?
- Are their disagreements fundamental or matters of emphasis?
- Who seems more likely to stress problems connected with economic growth, and what problems ?
- What benefits does each see coming from economic growth?
- What problems does each see arising out of economic growth?
- Do they think that the recent pace of growth will continue?
- Growth is Good by Brad de Long,
Harvard Magazine, January-February, 2006.
A review of Benjamin Friedman's The Moral Consequences of Economic Growth, New York, Knopf, 2005.
- The Industrial Revolution: Past and Future by Robert Lucas, The Region, Banking and Policy Issues Magazine of the Federal Reserve Bank of Minneapolis, 2003 Annual Report Issue.
- The Solow Growth Model
Notes by Dr. McGahagan.
- The Growth Model in Excel
From David A. Kendrick, P.Ruben Mercado, and Hans M. Amann, Computational Economics , Princeton University Press, 2006.
- Empirics of Economic Growth
- Intellectual Property and Economic Growth
- Moore's Law
- Institutions and Economic Growth
- Understanding Growth from Finance and Development , IMF, Mar. 2006. Several articles exploring growth. Articles which might form basis of a paper include:
- "Getting the Diagnosis Right" by Ricardo Hausmann, Dani Rodrik, and Andres Velasco.
- "The Quest Continues by Lant Pritchett.
- "Levers for Growth" by Simon Johnson, Jonathan D. Ostry, and Arvind Subaramian.
- National Economic Accounts from the Bureau of Economic Analysis.
- Livingston survey
- Survey of Professional Forecasters
Macroeconomic blogs
- Understanding Growth from Finance and Development , IMF, Mar. 2006. Several articles exploring growth. Articles which might form basis of a paper include:
- "Getting the Diagnosis Right" by Ricardo Hausmann, Dani Rodrik, and Andres Velasco.
- "The Quest Continues by Lant Pritchett.
- "Levers for Growth" by Simon Johnson, Jonathan D. Ostry, and Arvind Subaramian.
- Knowledge and the Wealth of Nations by David Warsh.
- National Economic Accounts from the Bureau of Economic Analysis.
- Livingston survey
- Survey of Professional Forecasters
Macroeconomic blogs