Spring 2003
Dr. Dao
MWF 11:00-11:50
ECN 4689: Theory and Research (Part II)
Topics to be covered:
MACROECONOMIC STATISTICS (Dornbusch, Fischer, Startz, chapters 2 and 7)
Gross National Product
Other Measures of Income
Nominal versus Real Values
Employment and Unemployment
Measuring Inflation
Problems with the CPI
MACROECONOMIC THEORY (Dornbusch, Fischer, Startz, chapters 5, 6, and 9-11)
The Income-Expenditure Model
IS-LM Analysis
Aggregate Demand and Aggregate Supply Analysis
MONEY AND BANKING (Dornbusch, Fischer, Startz, chapters 15 and 16)
The Financial System
Money Classifications
The Money Creation Process
The Federal Reserve System
The Demand for Money
Monetary Policy
Monetarism
Tenets of Modern Monetarism
INFLATION AND GROWTH (Dornbusch, Fischer, Startz, chapters 7 and 3)
Inflation
Economic Growth
Supply-Side Economics
STATISTICS APPLIED TO ECONOMICS II (Newbold, Carlson, and Thorne, chapters 9-12, 17-18)
Hypothesis Testing
Regression
(A) Simple Regression
(B) Ordinary Least Squares Estimation
(C) Multiple Regression
Towards the end of the course, students are required to take an examination in the fields of macroeconomics and statistics comparable to the external GRE in Economics.