A SECOND message to Macroeconomics Students at Johns Hopkins University, Fall 2015. December 5, 2015.

 

Hello again. I wanted to again thank you and Professor Fainmesser for inviting me into your class in November. I hope that you had as good a time as I did.

 

I want to make sure that everyone has access to the lecture slides; I have posted them to the right.

 

Some in the class expressed an interest in learning about the zero lower bound (ZLB). I've posted a link to that page.

 

Finally, feel free to send me any comments -- just puth the apppriate button. Thanks again.

Evan

My plan for the class:

 

In the first half, we will review some relationships for the closed economy, some of which you have already learned. We will also introduce key aspects of an open economy, including exports, imports, and the exchange rate. TO PREPARE, PLEASE LOOK AT THE MATERIALS AND SPREADSHEETS BELOW.

 

In the second half, we will apply what we've learned to a realistic policy setting -- the case of a country with a stagflation problem. PLEASE DOWNLOAD AND OPEN MODEL.

 

This should exhaust our time together. However, if there is extra time, we may also have the opportunity to examine the issue of policy challenges during a deep recession, when the nominal interest rate is close to zero (as it is now in many advanced countries). PLEASE DOWNLOAD MODEL.

We will use a spreadsheet model of the open economy in class.

Time permitting we MAY also use this model of severe recessions in class.

Materials to prepare for class sessions, November 12/13.

This video is REQUIRED.

"A Spreadsheet based short-run macro model"

 

This video contains essential material -- the 'bare minimum' required to understand the model and how it works.

 

Length: 7:42

This video is REQUIRED.

"Introducing exports and imports into the short-run macro model"

 

This video contains essential material -- the 'bare minimum' required to understand exports and imports into the model. .

 

Length: 14:39

This video and exercise are REQUIRED.

"The Inflation/Output Tradeoff."

 

Shows how the Short-Run Aggregate Supply curve and the Phillips Curve are linked.

This video is  REQUIRED.

"The LM and RT approaches to analyzing monetary policy: a brief comparison."

 

This video compares and reconciles the Real Taylor (or RT) curve with the LM (liquidity / money ) curve that is presented in many textbooks.

A message to Macroeconomics Students at Johns Hopkins University, Fall 2015.

 

Hello. My name is Evan Tanner. I've been developing some learning materials in macroeconomics. I hope to make the topic even more relevant, more compelling and -- yes -- more fun for students than it already is!


Professor Fainmesser has kindly invited me into his classes on November 12th and 13th.  Together, we'll be doing a hands-on workshop that touches on some important issues in macroeconomics -- issues that could impact your decisions in the business world.

 

So, I'll be asking you to bring your computers that day. I'll be providing you with a spreadsheet bsed model that we'll be using in class. In advance of the class, Professor Fainmessor and I agreed that you should prepare by watching some videos and doing some exercises.  That way, we'll get the most out of our time together.

 

Thanks so much.

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