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Econ 736: Business Conditions Analysis
Current Semester: Spring 2012
Section 01:
Meets M from 6:15pm - 9:35pm in HH1308
Click here for the Syllabus
This course is an intermediate level course in macroeconomic theory and in its application. We will examine the modern market economy with a view towards trying to understand fluctuations in national income, output, employment, prices and exchange rates and the implication of such changes for business decisions. We will examine the goods, financial, and labor markets, and the role of government and the Federal Reserve in maintaining a strong and vibrant economy. In doing so, we will analyze the effects of monetary policy, fiscal policies, and other macroeconomic events on economic activity.
Lectures
Note: These lecture notes are not meant as a substitute for your own class notes. Rather, they are meant to assist you in taking class notes. In no cases are they complete representations of the course material, and in most cases, they will not be comprehensible without having attended class.
Files can be viewed with Adobe Acrobat Viewer 
(click here to download)
| Course Schedule | |||
|---|---|---|---|
| Week | Subject | Lecture Notes | Readings: (B - Blanchard; M - Mankiw) |
| 1 | Introduction National Income and Product Accounts |
B: Skim chapters 1 - 2 |
|
| Review of Mathematical Concepts Business Cycle Facts |
Math Review Notes | ||
| 2 | Introduction to Aggregate Demand-Aggregate Supply | B: 3, 4.1-4.2, 5.1, 7.2 M: 3.3-3.4, 9.3 - 10.1 |
|
| The Keynesian/Aggegate Expenditures Model | |||
| 3 | Goods Market Equilibrium - the IS Curve; Money Market Equilibrium - the LM Curve | B:5, 7 M: 10 |
|
| 4 | Aggregate Demand | B: 5,7 M: 11 |
|
| 5 | Aggregate Supply and Short Run Equilibrium | B: 7 M: 13.1 |
|
| The Phillips Curve | B: 8 M: 13 |
||
| 6 | The Small Open Economy | B: 18, 19 M: 5 |
|
| The Mundell-Fleming Model | B: 20, 21.2 - 21.3 M: 12 |
||
Problem Sets
The problem sets here are to be turned in on the dates shown. Please contact me if you have any questions.
Files can be viewed with Adobe Acrobat Viewer (click here to download)
Problem Set |
Solution |
Question to be submitted |
Due Date |
| Problem Set 1 Solution Excel spreadsheet with solutions |
5 |
4/2/12 |
|
| Problem Set 2 | Problem Set 2 Solutions | 8 |
4/16/12 |
| Problem Set 3 | Problem Set 3 Solutions | 5 |
4/30/12 |
| Problem Set 4 | Problem Set 4 Solutions | 2 |
5/14/12 |
Exams
This is where you will find exams and answer keys after you have taken them.
Exams This Semester
Exams and their solutions will be posted here after you have taken them.
Midterm Exam Midterm Exam Solutions (Due Date: 4/9/12) Distribution of Scores on Midterm
Final Exam Final Exam Solutions
Sample Exams and Past Exams