1 ECON 202 (1): INTERMEDIATE ... - Wellesley College

READINGSI. Macroeconomic Concepts and IssuesAug. 30:Aug. 31:National IncomeInflation and UnemploymentMankiw and Ball, Chs. 1; 2; 4.4, 4.6New York Times, 8/16/2011, “On Economy, Raw Data Gets a Grain of Salt”II. Output and Inflation: Long-RunSept. 2: Aggregate SupplySept. 6: Production FunctionsSept. 9: Aggregate DemandSept. 13: Loanable FundsSept. 14: REVMankiw and Ball, Chs. 3; 4.2; 9.3, 9.4: 267-268Krugman and Wells, “The Slump Goes On: Why?” New York Review of Books, 9/30/2010PROBLEM SET I (due Sept. 13)III. Financial MarketsSept. 16: FinanceSept. 20: Bond and Stock MarketsMankiw and Ball, Chs. 15; 16.1-16.5; 17.1-17.2Thaler, “Markets Can Be Wrong and the Price is Not Always Right,” Financial Times, 8/4/2009IV. Growth: Very Long-RunSept. 21, 27: Solow ModelSept. 23: No ClassSept. 30: REVMankiw and Ball, Chs. 7; 8.1-8.3The Economist, “Damage Assessment,” 5/14/09PROBLEM SET II (due Sept. 29)FIRST EXAM: I - IV (Oct. 4)2