Intermediate Macroeconomic Theory, Spring 2018

Syllabus and Course Outline

Professor DeBacker Office Hours (held in DMSB 427B):
Monday, 12:00pm-2:00pm
Wednesday, 9:00am-11:00am

Teaching Assistant Alexandra Troidl Office Hours (held in DMSB 456-K2):
Tuesday, 2:30pm-5:30pm

Course Links
The Missing Men
Don’t Blame China For Taking U.S. Jobs
Why Men Don’t Want the Jobs Done Mostly by Women
Brexit: All you need to know about the UK leaving the EU
Top Economists Grapple With Public Disdain for Initiatives They Championed
Chapter 2
Federal Reserve Economic Data (FRED)
Economic Data Calendar
Wall Street's Hottest Address? K Street
GDP to Get Bigger, Not Necessarily Faster
Planet Money, The Friday Podcast: The Price Of Lettuce In Brooklyn
The Billion Prices Project @ MIT
Data Docs - Unemployment and Employment Data video
GDP vs. GDI as a measure of the size of the economy
Sizing Up Black Markets and Red-Light Districts for G.D.P.
Are U.K. Economic Data Leaking?
Can big data revolutionise policymaking by governments?
Chapter 3
BEA GDP Release
Making Money Flow: The MONIAC Machine
Chapter 4
All monies are commodity monies
Why Kyle Bass Acquired $1 Million Worth Of Nickels
The Case of the Missing Currency
Maybe it’s time America gets rid of most of its cash
India pulled 86% of its cash out of circulation. It’s not going well.
When the Fed Raises Rates, These Traders Make it Happen
What Happens When the Fed Raises Rates, In One Rube Goldberg Machine
How Interest Rates Are Set: The Fed's New Tools Explained
Janet Yellen’s Fitting Finale: Fed Plans to Stand Still
‘Pop Your Collar’ Tribute to Outgoing Fed Chairwoman Janet Yellen Storms Central Bank Social Media
Chapter 5
"Inflation is not magic." About inflation as a tool to combat nominal wage rigidities.
Be Ready To Mint That Coin
The Exaggerated Death of Inflation
The chained CPI: Another secret tax hike for the middle class slipped into the GOP tax bills
Chapter 6
Chart of the week: U.S. trade deficit widened in December to $53.1 billion, the largest gap since October 2008
Yes, protectionism can save some US jobs, but at what cost? Empirical evidence suggests it’s very, very expensive
NAFTA and other trade deals have not gutted American manufacturing — period
Donald Trump’s trade team has based their analysis on a remarkably silly mistake
Trump's Mental Deficit On Trade Deficits
U.S. Trade Deficit Last Year Was Widest Since 2012
Visualization of global trade
The Big Mac index
Chapter 7
Planet Money Podcast: Germany's Painful Solution To High Unemployment
The New Economics of Kobs is Back News for Working Class Americans
The New Face of American Unemployment
America’s ‘jobs for the boys’ is just half the employment story
Economics of College Education (tangential to our study of the labor market, but relevant to you all)
Planet Money Episode 485: What's Your Major?
NY Fed Blog: The Value of a College Degree
NY Fed Blog: Staying in College Longer Than Four Years Costs More Than You Might Think
NY Fed Blog: College May Not Pay Off for Everyone
NY Fed Blog: Are the Job Prospects of Recent College Graduates Improving?
Only 150 of 3500 U.S. Colleges Are Worth the Investment: Former Secretary of Education
2013 College Education ROI Rankings
Beyond the College Rankings: A Value-Added Approach to Assessing Two- and Four-Year Schools