Announcements:
Last revision: June 15.
  • Grades are now available for Npvl. and the Loop class through Campus Connect.

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    Best luck to all of you in the program.
    Cheers.
    AE.

    Sigurros

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    The following graphs are from  Economic Time Series Page

    GDP CONSUMPTION INVESTMENT GOVERNMENT NET EXPORTS
    Nominal GDP  Personal Consumption Private Investment Government Consumption & Investment Net Exports of G&S
    real GDP (1992$) Real Personal Consumption (1992$) Real Private NonResidential Investment (1992$) Real G.  C & I (1992$) Real Net Exports of G&S
    Real Business Investment Index
      Real Private Residential Investment (1992$)

    LABOR MONETARY  INTERNATIONAL OECD
    Unemployment Rate Federal Funds Rate US Dollar Trade Weighted Exch. Rate Index GDP per capita (PPP)
    Labor Productivity (from BLS) M1 (NSA)    M1 (SA) Real Dollar Yen Index Leading Indicators
    Private Business Sector: Output Per Hour of All Persons; SA, 1992=100 M2 (NSA)     M2 (SA)
    M3 (NSA      M3 (SA)    		 International Comparisons of Manufacturing Productivity and Unit Labor Costs Trends Economic Growth in OECD countries (click on  'On-line statistics')
    Employment Cost Index: Wages and Salaries Oil Price
    Japan: Monetary data    		 Labour Statistics
     
    Reading assignments week 1 (Npvl. April 2 ; Loop April 5):
  • Introduction. Ch. 1.  Notes Ch.1 & 2.

    • Reading assignments week 2 (Npvl. April 9 ; Loop April 12):
  • Read ch. 2 and 3, and summarize ch. 2.  Notes Ch.1 & 2, Ch.3.
  • Also read:  Software: A new calculus for the new economy , U.S. to Alter the Calculations, Increasing Economic Growth &  Unveiling the Secrets of the CPI.
  • Further readings: Poised to Strike?

    • Reading assignments week 3 (Npvl. April 16 ; Loop April 19):
  • Read ch. 3 (class notes  Ch.3 ) and 4.  Also summarize ch. 3.
  • Further reading material: Stock Market Values and Consumer Spending & The great American jobs machine.
  • Also read How Big of a Stock Jolt Would Halt Expansion? , Are fears over 'wealth effect' excessive?& A Rebirth of Macro Hits Inflation Equation and answer the discussion questions.
  • You should also become familiar with the Economic Time Series Page.

    • Reading assignments week 4: (Npvl. April 23 ; Loop April 26):
  • Read ch. 4 & 5 (class notes Ch.4 & 5) and summarize ch. 5. Also look at the first 4 questions from Assignment 1.
  • Further reading material: Solving the Paradox , The Myth of Asia's Miracle , The New Economy , How most economists missed the boat.
  • Also read: Worker-Capitalists Of the World, Unite , Saving the Surplus Will Save Social Security & This economic slump is shaping up to be a different downturn and answer the discussion questions.
  • The project is due next week, if you have any questions make sure you bring them up this week.  FAQs Project.

    • Reading assignments week 5 (Npvl. April 30 ; Loop May 3):
  • The Project is due.  FAQs Project .  Try to limit you write-up to two pages (plus one or two more pages for the charts).
  • Read ch. 6 (pp.132-145) & 7 (pp.154-175) (class notes Ch 6 & 7). Also look at questions 5 to 7 from Assignment 1.
  • Also read Fed Makes Expected Increase on Rates & Technology Spurs Economic Expansion and answer the discussion questions.

    • Further reading material:  How fast can this baby go? , A New Economy for the New World? & Greenspan for Greenhorns.
    Week 6: (Npvl. May 7 ; Loop May 10):
  • MIDTERM.  Study Guide.  Practice Test.

    • Reading assignments week 7 (Npvl. May 14 ; Loop May 17):
  • Read ch. 8 (class notes Ch 8) and do the remaining questions from Assignment 1..
  • Also read Mexico says it's meeting inflation target &  Japan is Set to Flood Bond Market Soon and answer the discussion questions.
  • I'll return the midterm.

    • Reading assignments week 8 (Npvl. May 21 ; Loop May 24):
  • Read ch. 9, 10 (pp. 262-266 & case study p.274), ch. 11 (pp. 296-299) and 12 (only the case studies on pp. 320, 326, 335, 328-333).  Short-Run notes
  • Related articles: Wishful Thinking, Adjusting to slower growth needn't be traumatic & Tax Cuts for Growth.
  • Also read Greenspan, in about-face, backs tax cuts ,Greenspan presents a more upbeat view & Economists Warn of `Growth Recession' and answer the discussion questions.
  • Also do the first 5 questions from Assignment 2.

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  • FYI: Grade info.
  • Solutions to assignment 1
  • Solutions to assignment 2.

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    Reading assignments week 9 (Npvl. Tuesday, May 29; Loop May 31):

  • Read  13 (pp. 364-370), 14 (pp. 385-389, case study p. 399) & 16 (pp. 455-460).
  • Finish the remaining questions from Assignment 2.
  • Further readings: Still going down.
  • Also read Latest Fed rate cut takes on a contagion of low confidence , The 28% solution and To soak the rich, cut their taxes and answer the discussion questions.
  • If you have questions about the final exam (due next week) please bring them up in class.

    • Week 10 (Npvl. June 4; Loop June 7):
    FINAL EXAM due.   FAQ Final Exam.

    Week 11

  • Grades are available through Campus Connect.

    •  Files