I will also provide weekly summaries of economic current events that I would like everyone to read. Typically, these will be published on the economy page before 5PM each Friday (though sometimes it is early the following week if I am traveling).

Date Topic & Deliverables Readings July 16   Introduction to Macroeconomics i. NIPA Accounting ii. Balance of Payments iii. Current Analysis iv. Distribution of Global GDP No assignment due This is a Correction The Job Markets… Job Markets Will Decide… Get Ready to Exhale As the Trade Deficit Shrinks… What Spending Slowdown? Globalization vs. Immigration Reform Options Hinder Efforts… The Real Cost of Offshoring Beggar Thy Neighbour A Good Year Doing the Shanhai Shuffle Reading the Tea Leaves Krugman & Obstfeld - Chpt 12 July 19 Monetary Policy and Interest Rates i. Introduction to Interest Rates ii. Monetary Policy iii. Potential GDP & NAIRU iv. Productivity & Economic Growth Assignment 1 due Our Mutual Friend Hitting his Stride It's a Low, Low, Low… Making Less With More Use IT or Lose It Krugman & Obstfeld:   Chpt 14 (only through p. 348). July 30   Monetary Policy and Interest Rates (continued) v. Short-Run  Money Market Model Quiz McCurrencies Carry on Living Dangerously Who's Cashing In… Saving Grace Krugman & Obstfeld: Chpt 18 (optional) Aug 6 Foreign Exchange i. Foreign Exchange Markets ii. Purchasing Power Parity iii. Interest-Rate Parity Assignment 2 due Some Gain from the Dollar's Pain Words of Warning Krugman & Obstfeld:   Chpt 13   Chpt 15(Only 369-373, 379-388) Aug 13 Pulling It All Together: The DD-AA Model i. Bringing together the short-run models for interest-rates and foreign-exchange ii. Derivation of the integrated DD-AA model iii. Examples and applications of the DD-AA model iv. Discussion of Macroeconomics and Business Decisions Assignment 3 due Pick up Final Exam (due August. 27 ) The Importance of Financial… Back to Basics Krugman & Obstfeld:    Chpt 14 (348-365)    Chpt 16 (only through p. 428).