Economics 314

Macroeconomic Theory

Spring 2013

Coursebook

This is the outdated 2013 version of the coursebook. It is being revised for 2014. Updated chapters are at the 2014 site.

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 not changed from last year, so if you have access to a copy from last year, it will suffice.

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