ECO 6206 (FALL 2003)

AGGREGATE ECONOMIC CONDITIONS & ANALYSIS for MAAE

(Master-Degree Level Macroeconomics)

Download the Course Outline  

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Book

Advanced Macroeconomics by David Romer. Second Edition.  ISBN: 0-07-231855-4. McGraw-Hill.

Class Notes

• Chapter 1 - Class Notes.
• Continuous Time Optimization (Optimal Control) Class Notes.
• Chapter 2 - Class Notes.
• The Solow Interactive Model. (Excel File: Calibrate, Compute and Graph) 
• Real-Business-Cycle Theory: Elasticities, De-trending, Criticisms and Failures.
• Chapter 4 - Class Notes.
• Chapter 5 - Class Notes.
• Chapter 9 - Class Notes.

Announcements

• Q&A Session for the Final Exam will be held on Tuesday, December 9, 2003 from 7:00 p.m. to 10:00 p.m. Location: BA II - Conference Room 301.
• The TA session is scheduled for every Tuesday from 12:00 to 13:00 at the Conference Room BA II - 301.

Assignments and Exams

• The Final Exam grades and the OVERALL class grades are available online.
• The Final Exam.
• Solution to Assignment 7  
• Assignment 7 (Due on December 4, 2003). 
• Solution to the Mid-Term Exam
• Assignment 6 (Mid-Term Exam - Due on November 6, 2003).
• The Mid-Term Exam - October 30, 2003.
• Optional Assignment -- a must read if you ever plan to do any macro-econometrics:
  • In half a page, summarize the following article, 
  • Finn E. Kydland and Edward C. Prescott (1991) "The Econometrics of the General Equilibrium Approach to Business Cycles" Scandinavian Journal of Economics, vol. 93, pp. 161-178.
• Assignment 5 (Due on October 16, 2003).
• Solution to Assignment 4
• Assignment 4 (Due on October 2, 2003).
• Assignment 3 (Due on September 25, 2003).
• Solution to Assignment 2
• Assignment 2 (Due on September 18, 2003).
• Solution to Assignment 1
• Assignment 1 (Due on September 4, 2003).

Readings

• Summers, Lawrence H. (1991) ''The Scientific Illusion in Empirical Macroeconomics.'' Scandinavian Journal of Economics 93 (2), pp. 129-140.
• Edward Prescott (1986) "Theory Ahead of  Business Cycle Measurement'' Federal Reserve Bank of Minneapolis, Quarterly Review Vol. 10 No. 4.
• Robert G. King and Charles I. Plosser (1988) "Real business cycles : Introduction" Journal of Monetary Economics, pp. 191-193.
• Robert G. King, Charles I. Plosser and Sergio T. Rebelo. (1988) "Production, growth and business cycles : I. The basic neoclassical model"  Journal of Monetary Economics, pp. 195-232.
• Finn E. Kydland and Edward C. Prescott (1991) "The Econometrics of the General Equilibrium Approach to Business Cycles" Scandinavian Journal of Economics, vol. 93, pp. 161-178.
  
  
• The role of Monetary Policy. Milton Friedman (1968) Presidential Address.
• Lucas, Robert E., Jr. (1976) "Econometric policy evaluation: a critique," Carnegie-Rochester Conference Series on Public Policy 1, pp. 19-46.
  

• Some Stylized Facts of Real Aggregate Activity by Manuel Walti (2000).
• Jones, Manuelli and Siu. (2000) Growth and Business Cycles NBER Working Paper 7633, (April).
• Lecture Notes on Economic Growth by Martin Zagler at the University of Vienna (2002). 

Sample Questions

• Chapter 1,  Questions: 1, 2, 3, 4, 5, 6, 7, 8, 9 and 10.
• Chapter 2,  Questions: 1, 2, 4, 5, 6, 7, 9*, 12*, 13, 14, 15 and 17.
• Chapter 4,  Questions: 4, 5, 7, 8(a), 11* and 13.
• Chapter 5,  Questions: 1, 2, 3, 4, 5, 6 and 7.
• Chapter 6,  Question: 16.
• Chapter 9,  Questions: 1, 2, 3, 4, 9, 10, 14, 15, 16 and 17. 
• Chapter 10, Questions: 8 and 11.

Miscellaneous

• How the Fed sets Interest Rates.
• Macroeconomics Resources for Students.
• NATIONAL ACCOUNTS A Guide to the NIPA's By Eugene P. Seskin and Robert P. Parker (Important for Definitions)
• The Consumer Price Index - General Coverage.
• The Consumer Price Index--Why the Published Averages Don't Always Match An Individual's Inflation Experience. The Bureau of Labor Statistics.
• The United States Economy at a Glance.

Teach Yourself 

• Basic Micro and Macro
• Economics Interactive Tutorials by Dr. Samuel L. Baker.
• Total Cost, Variable Cost and Marginal Cost.
• Elasticity.
• Elasticity 2.
• Demand.
• Supply, Demand and Equilibrium.

The following letter grade system will be used, 

YOUR GRADE IS POSTED

GO to the CBA web site, click on SUPPORT, then click on CHECK GRADES ONLINE,

The PASSWORD is eco6206.

OR just click on the following link and enter your login and the password: 
http://www.bus.ucf.edu/cbagrades

Login using your Social Security Number and check your grade. Again, the password is eco6206. Note that the grade is in points.

Note that if you have recently used the system to check your other classes, then your account will be updated within 48 hours, i.e., PLEASE GIVE IT SOME TIME TO UPDATE.

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Last Updated Monday, February 23, 2009 01:56:51 PM