Sanjay K. Chugh

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Teaching -- Spring 2009

Econ 325 --- Maryland

Econ 701 -- Maryland

Econ 602 -- Johns Hopkins

Economics blog

Macroeconomic Theory and Policy (MA)
(Economics 602)
Johns Hopkins University
Spring 2009 Semester
Syllabus

PDF file
Lecture Slides

PDF file  January 26, 2009

PDF file  February 2, 2009

PDF file  February 9, 2009

PDF file  February 16, 2009

PDF file  February 23, 2009

PDF file  March 2, 2009

PDF file  March 23, 2009

PDF file  March 30, 2009

PDF file  April 6, 2009

PDF file  April 13, 2009

PDF file  April 20, 2009

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
Supplementary Reading

PDF file  Exchange Rates:  A Simple Supply-Demand Analysis

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.
Exam Materials

Midterm Exam Solutions  PDF file

Fall 2008 Final Exam  PDF file  Solutions

Fall 2007 Midterm Exam  PDF file  Solutions

Fall 2008 Midterm Exam  PDF file  Solutions
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.