Macroeconomic Theory
Spring 2011
Jeffrey Parker, Reed College
Coursebook
The Econ 314 Coursebook contains supplemental material written by the instructor for the students in the course. It helps explain difficult parts of Romer's text, provides contextual background material, and contains selective reviews of empirical applications of the theories we are studying. This year's version of the Coursebook is unchanged from last year, so if you have access to a previous copy you need not worry about updating it.
The chapters of the Coursebook are available by electronic link here. Printed copies of Chapters 1 and 2 will be handed out on the first day of class. You may purchase a printed copy of the entire book (together with a binder and chapter dividers) at less than reproduction cost from Lois Hobbs in Vollum 112. If you plan to use the chapters in printed form, it is cheaper and more efficient to order a copy than to print the electronic versions yourself. Printed copies of the Coursebook must be ordered by the end of Wednesday, February 2 in order to assure that you receive yours in time to do the reading for the second week of classes.
Coursebook chapters
- Prologue
- Chapter 1 Macroeconomics: Modeling the Behavior of Aggregate Variables
- Chapter 2 Aggregate Supply and Demand: A Simple Framework for Analysis
- Chapter 3 Growth and Capital Accumulation: The Solow Model
- Chapter 4 Optimizing the Saving Decision in a Growth Model
- Chapter 5 Theories of Endogenous Growth
- Chapter 6 Empirical Evidence on Economic Growth
- Chapter 7 Stochastic Growth Models and Real Business Cycles
- Chapter 8 Money, Inflation, Growth, and Cycles
- Chapter 9 Keynesian Models of Aggregate Demand
- Chapter 10 Aggregate Supply with Inperfect Information
- Chapter 11 Imperfect Competition and Real and Nominal Price Rigidity
- Chapter 12 Aggregate Supply with Sticky Prices
- Chapter 13 Empirical Evidence on Aggregate Supply Models and Business Cycles
- Chapter 14 Models of Unemployment
- Chapter 15 Models of Investment Behavior
- Chapter 16 Models of Consumption Behavior
- Chapter 17 Monetary Policy
- Chapter 18 Fiscal Policy