Macro Topics (ECON 390AA)
DePauw University: Spring 2014
Professor:
Office:
Office Hours:
Cell Phone:
e-mail:
Humberto "Bert" Barreto
Harrison 206
MWF 1:15 – 2:45 PM and by appointment
765-225-9591
hbarreto@depauw.edu
Prerequisite: Calculus or the consent of the instructor
Course Materials:
Any textbook at the Intermediate Macroeconomics level will do.
Download files from www.depauw.edu\learn\macroexcel and put them in your I: drive folder.
Buy a 3-ring binder for 3-hole punched handouts that I will provide every day.
Bring a computer and earphones every day to class.
Course Goals:
This course will deliver typical macroeconomic models and data via Excel workbooks. Students will learn
growth theory and short-run macro models along with extensive use of FRED for data analysis. Assignments will
be based on screencasts, with class time used for presentations and problem-solving.
Students will gain mastery in the following areas:
(1) vocabulary and terminology
(2) reading and creating graphs in Excel
(3) analytical problem solving using calculus and algebra
(4) solving problems via numerical methods with Excel
(5) data analysis
(6) using a variety of Excel add-ins and advanced Excel features
Teaching Method:
This course is flipped: students will watch screencasts and do pre-class assignments in preparation for class.
Pre-class assignments must be completed by noon and will be checked before class begins. Class time will be
devoted to student presentations of completed work, discussion, and doing work assigned in-class. Students will
sometimes work together.
Course Evaluation:
Your grade will be determined by your performance on two exams and the average of your assignment
grades according to the following distribution:
Assignments
30% (+, , -, and 0 for not done)
Two Midterm Exams
40% (20% each)
Final Exam
30%
communicate
Q-cert: C minus or better final grade.
with me
Two Key Exam Dates:
The midterm exams will be given on Friday, February 28, and Wednesday, April 9.
The final, cumulative exam will be given on Saturday, May 10, at 1:00 PM.
You must take the exams at these assigned times. Please see me immediately if you have a conflict.
ECON 390: Macro Topics
DePauw University, Spring 2014
Excel workbooks available at: www.depauw.edu/learn/macroexcel
Date
Day
27-Jan
29-Jan
31-Jan
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3-Feb
5-Feb
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10-Feb
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28-Feb
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Topic
Introduction
Intro; Excel Charting Basics
SERIES formula and Double Y
EconChart add-in and Recession Shading
Maddison Data for Long Run Growth
Econ Growth Literacy: Tools
Econ Growth Literacy: Facts
Student 2-min Presentations on a country's growth
Long Run, Growth Theory
Introducing the Solow M odel
Comparative Statics with KAcc
The Golden Rule
Demography
The Solow M odel with Population Growth
The Solow M odel with Technological Progress
USA Calibration, Capital Destruction, Randomness
Student 2-min Presentations on the Solow M odel
EXAM
Short Run, Data with FRED
GDP Components
Student 2-min Presentations on GDP Volatility
Unemployment Defined and Subgroups
Unemployment and Random Sampling
Search Theory
Student 2-min Presentations on Inflation History
Inflation Subgroups
Inflation Creating Real Variables
Student 2-min Presentations on CPI v GDP Deflator
Spring Break
Spring Break
Spring Break
M oney and Inflation; M easuring M oney
Student 2-min Presentations on Seigniorage
Interest rates (the Fisher Effect) and Exchange rates
HP Filter & Exam Review
EXAM
Short Run, Keynesian Models
Keynesian Cross (Goods M arket) Intro
Comparative Statics and M ultipliers
M oney M arket and Deriving M oney Demand
Introducing the ISLM M odel and Equilibration
M echanics and Interpetation of the ISLM M odel
Comparative Statics
Deriving AD via ISLM and Shifting AD
ISLM ADAS: Equilibrium in Short and Long Run
ISLM ADAS: Comparative Statics
Short versus Long Run and Keynesians and M onetarists
Student 2-min Presentations on a Shock and Policy Response
Summary and Evaluation
10-M ay
Sat
FINAL EXAM 1:00 PM in JS C 278
Humberto Barreto
hbarreto@depauw.edu
Class
Excel Workbook
1
2
3
HowToChart.xls
HowToChart.xls
RecessionChart.xls
4
5
6
M addisonData.xls
M addisonData.xls
M addisonData.xls
7
8
9
10
11
12
13
14
15
KAcc.xls
KAcc.xls
GoldenRule.xls
Population.xls
Population.xls
TechProgress.xls
TechProgress.xls
TechProgress.xls
Exam1S2014.xls
16
17
18
19
20
21
22
23
24
GDP.xls
GDP.xls
Unem.xls
Unem.xls
Unem.xls
Inflation.xls
Inflation.xls
Inflation.xls
Inflation.xls
25
26
27
28
29
M oney.xls
M oney.xls
M oney.xls
M oney.xls
Exam2S2014.xls
30
31
32
33
34
35
36
37
38
39
40
41
KCross.xls
KCross.xls
M oneyM arket.xls
ISLM .xls
ISLM .xls
ISLM .xls
ISLM .xls
ISLM ADAS.xls
ISLM ADAS.xls
ISLM ADAS.xls
ISLM ADAS.xls
Exam3S2014.xls