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Principles of Macroeconomics. http://web.mit.edu/14.02/www Two formats: Lecture/Rec: Ricardo Caballero, M-W 1; Re F All-section: M-W-F (synchronized) Head TA: Andrew Healy Three short tests (no exam) 6 Problem sets (marginal). Macroeconomics?. Micro-economics: individual markets

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principles of macroeconomics
Principles of Macroeconomics
  • http://web.mit.edu/14.02/www
  • Two formats:
    • Lecture/Rec: Ricardo Caballero, M-W 1; Re F
    • All-section: M-W-F (synchronized)
  • Head TA: Andrew Healy
  • Three short tests (no exam)
  • 6 Problem sets (marginal)
macroeconomics
Macroeconomics?
  • Micro-economics:
    • individual markets
    • effects are limited to that market
  • Macro-economics:
    • aggregate: sum of markets plus cross effects
      • GDP, U, Inflation
    • Too complex => Take shortcuts => Art
  • Ambitious! Too much? Not at this level
style
Style
  • Basic structure (book) + current events
  • Level: Read and find mistakes in “technical” news
    • Discuss news frequently
in the news bloomberg 09 05
“In the News” (Bloomberg 09/05)
  • - S&P 500 Gains for a Fourth Week, Longest Streak Since January
  • U.S. 10-Year Treasury Has Biggest Weekly Drop in 6 on Job Gains
  • Dollar Has Biggest Weekly Gain in Five Versus Yen on Job Growth
  • Asian Currencies Have Weekly Gains as Investors Buy More Stocks
  • South Korean Business Confidence Rises; First Gain in 4 Months
  • Japan's Bonds Have Weekly Gain on Expectations Growth Will Slow
  • European Bonds Drop in Week as Economic Growth Outlook Improves
  • German Stocks Advance After U.S. Adds Most Jobs in 3 Months
  • Brazil Economy Has `Solid' Growth, IMF's de Rato Says
a tour around the world
A Tour Around the World
  • US
  • Europe
  • Japan
  • Emerging economies