Economics 314

Macroeconomic Theory

Spring 2012

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 significantly revised from last year to reflect the new edition of Romer's text.

Because the coursebook is being revised this year, chapters will be available approximately one week before they are used in class. Chapters will be distributed in class to students who have signed up for the printed copy.

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  Imperfect Competition and Real and Nominal Price Rigidity
• Chapter 11  Aggregate Supply with Imperfect Information
• 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