ECN 207 : Intermediate Macroeconomics

Allin Cottrell, Wake Forest University, Fall 2017


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Syllabus: section A, section B

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Historical GDP growth graph (1875-2016)

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Unequal income growth graph

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Unit 1 readings:

 National Income accounts

 Measuring unemployment

 Consumer Price Index basics

 CPI FAQ

 Notes on inflation and unemployment

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Real GDP using fixed weights (spreadsheet)

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Real GDP using chained weights (spreadsheet)

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Explanation of chain weighting

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First data exercise

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Second data exercise, plus gretl script to answer it

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Third data exercise

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Fourth data exercise

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Short guide to formulas in Excel

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Example multiplier spreadsheet

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Some detail on Okun's Law

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Commentary on the paradox of thrift here and here.


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Notes on the multiplier

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Notes on money

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Notes on interest rates

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Notes on IS-LM

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Notes on the Taylor Rule

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Notes on the Phillips curve

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Notes on the "Keynes effect"

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Notes on the Solow growth model


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Christina Romer on fiscal policy

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Website for the gretl data-analysis program; also local downloads for 64-bit Windows, 32-bit Windows and Mac OS X

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Other files

John Maynard Keynes

John Maynard Keynes (1883-1946)