Sanjay K. Chugh

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Teaching -- Fall 2011

Econ 325 --- Maryland

Econ 601 -- Maryland

Econ 602 -- Johns Hopkins

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Macroeconomic Theory and Policy (MA)
Economics 602
Johns Hopkins University
Fall 2011 Semester
Syllabus

PDF file
Lecture Slides

PDF file  September 12, 2011

PDF file  September 19, 2011

PDF file  September 26, 2011

PDF file  October 3, 2011

PDF file  October 10, 2011

PDF file  October 17, 2011

PDF file  October 31, 2011

PDF file  November 7, 2011

PDF file  November 14, 2011

PDF file  November 21, 2011

PDF file  November 28, 2011

Lecture Notes

A Short Course in Representative-Agent Macroeconomics

Table of Contents  PDF file

Chapter -1  PDF file  Mathematical Refresher

Chapter 0   PDF file  Representative-Agent Macroeconomics

Chapter 1   PDF file  Microeconomics of Consumer Theory

Chapter 2   PDF file  Static Consumption-Leisure Model

Chapter 3   PDF file  The Consumption-Savings Model

Chapter 4   PDF file  Inflation and Interest Rates in the Consumption-Savings Model

Chapter 5   PDF file  Intertemporal Consumption-Leisure Model

Chapter 6   PDF file  Firms:  Labor Demand, Investment Demand, and Aggregate Supply

Chapter 7   PDF file  Ricardian Equivalence and Crowding Out

Chapter 8   PDF file  Infinite-Period Representative Consumer and Asset Pricing

Chapter 9   PDF file  Preference Shocks

Chapter 10 PDF file  Supply-Side Economics

Chapter 11 PDF file  The Phillips Curve

Chapter 12 PDF file  New Keynesian Economics

Chapter 13 PDF file  Real Business Cycle Theory

Chapter 14 PDF file  Money in the Intertemporal Model

Chapter 15 PDF file  Monetary-Fiscal Interactions

Chapter 16 PDF file  Fiscal Policy and Nominal Exchange Rates

Chapter 17 PDF file  Optimal Monetary Policy

Chapter 18 PDF file  Economic Efficiency

Chapter 19 PDF file  Optimal Fiscal Policy

Chapter 20 PDF file  Optimal Fiscal and Monetary Policy

Chapter 21 PDF file  A Macroeconomic Model of Monopolistic Competition

Chapter 22 PDF file  A New Keynesian Model of Sticky Prices

Chapter 23 PDF file  Optimal Monetary Policy with Sticky Prices



Problem Sets

Problem Set 1  PDF file  Solutions

Problem Set 2  PDF file  Solutions

Problem Set 3  PDF file  Solutions

Problem Set 4  PDF file  Solutions

Problem Set 5  PDF file  Solutions

Problem Set 6  PDF file  Solutions

Problem Set 7  PDF file  Solutions

Problem Set 8  PDF file  Solutions

Problem Set 9  PDF file  Solutions
Exam Materials

Spring 2011 Final Exam  PDF file  Solutions

Fall 2010 Final Exam  PDF file  Solutions

Midterm Exam Solutions

Spring 2011 Midterm Exam  PDF file  Solutions

Fall 2010 Midterm Exam  PDF file  Solutions
Supplementary Reading

PDF file  Exchange Rates:  A Simple Supply-Demand Analysis

PDF file  "The Economic Crisis from a Neoclassical Perspective," Lee Ohanian, Journal of Economic Perspectives, 2010, Vol. 24, No. 4, pp. 45-66.

PDF file  2004 Nobel Lecture, Edward Prescott

PDF file  2004 Nobel Lecture, Finn Kydland

PDF file  1995 Nobel Lecture, Robert E. Lucas

PDF file  1986 Nobel Lecture, Robert Solow

PDF file  "The Macroeconomist as Scientist and Engineer," N. Gregory Mankiw, Journal of Economic Perspectives, 2006, Vol. 20, No. 4, pp. 29-46.

PDF file  "Modern Macroeconomics in Practice:  How Theory is Shaping Policy," V.V. Chari and Patrick J. Kehoe, Journal of Economic Perspectives, 2006, Vol. 20, No. 4, pp. 3-28.

PDF file  "The Missing Motivation in Macroeconomics," George A. Akerlof, American Economic Review, 2007, Vol. 97, No. 1, pp. 5-36.

PDF file  "Dillemas of an Economic Theorist," Ariel Rubinstein, Econometrica, 2006, Vol. 74, No. 4, pp. 865-883.
Review Notes

PDF file

These notes provide a brief review of important concepts from introductory macroeconomics.  I will assume everyone is comfortable with these basic concepts from the beginning of the course.