Economics 314

Macroeconomic Theory
Spring 2018
Jeffrey Parker, Reed College
Assignments

Daily Problems

  1. January 24: Aggregate production functions
  2. January 25: Equation of motion for k in Solow model
  3. January 26: Golden rule in Solow model 
  4. January 29: Solow model with natural resources
  5. January 31: Two-period budget constraint
  6. February 1: Consumption smoothing
  7. February 5: Ramsey model dynamics
  8. February 7: Government spending in the Ramsey model
  9. February 8: Assets in the overlapping-generations model
  10. February 12: Knowledge as a public good
  11. February 14: R&D model dynamics
  12. February 15: Learning by doing and human capital
  13. February 19: Human capital dynamics
  14. February 26: Budget constraint with labor 
    14.5 Preparation for February 28: RBC model effects
  15. March 1: Steady-state inflation
  16. March 5: AS-AD cycle basics (Note: Dates have been adjusted for these next four but not changed on actual assignment pdfs. The dates listed here are correct.)
  17. March 7: Multiplier
  18. March 8: IS-LM effects
  19. March 9 (optional): New Keynesian utility function
  20. March 19: New Keynesian LM curve
  21. March 21: Phillips curve
  22. March 22: Lucas model
  23. March 23 (optional): Solving the Lucas model
  24. March 26: Dixit-Stiglitz utility function 
  25. March 28: Solving imperfect competition model
  26. March 29: Profit maximization and price adjustment
  27. April 2: Dynamic price setting
  28. April 4: Fischer model
  29. April 5: Taylor model
  30. April 9: Inflation inertia
  31. April 11: Unemployment definition
  32. April 12: Shapiro-Stiglitz model
  33. April 16: Decisions in the matching model
  34. April 18: Effects in the matching model
  35. April 23: Capital theory
  36. April 25: Adjustment cost model
  37. April 26: q model dynamics (last one)

Projects and Problems

Papers of the week

  • January 31: Mankiw, N. Gregory, David Romer, and David N. Weil. 1992. A Contribution to the Empirics of Economic Growth. Quarterly Journal of Economics 107 (2):407-37.
  • February 7: Abramovitz, Moses. 1986. Catching Up, Forging Ahead, and Falling BehindJournal of Economic History 46 (2):385-406.
  • February 14: Barro, Robert J. 1987. Government Spending, Interest Rates, Prices, and Budget Deficits in the United Kingdom, 1701-1918. Journal of Monetary Economics 20 (2):221-47.
  • February 21: Pritchett, Lant. 1997. "Divergence, Big Time." Journal of Economic Perspectives 11 (3):3-17.
  • March 7: Shapiro, Matthew D. 1993. Cyclical Productivity and the Workweek of Capital.  American Economic Review 83 (2):229-33.
  • March 21: SELECT YOUR OWN PAPER
  • March 28: Friedman, Milton. 1968. The Role of Monetary Policy. American Economic Review 58 (1):1-17.
  • April 4: Ball, Laurence. 1994. What Determines the Sacrifice Ratio? In Monetary Policy, edited by N. Gregory Mankiw, 155-82. Chicago and London: University of Chicago Press.
  • April 11: Sargent, Thomas J. 1982. The Ends of Four Big Inflations. In Inflation: Causes and Effects, edited by Robert E. Hall. Chicago: University of Chicago Press.
  • April 18: SELECT YOUR OWN PAPER 
  • April 25: Akerlof, George A. 2007. The Missing Motivation in Macroeconomics. American Economic Review 97 (1):5-36.