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


Tenets of Modern Monetarism

INFLATION AND GROWTH (Dornbusch, Fischer, Startz, chapters 7 and 3)


Economic Growth

Supply-Side Economics

STATISTICS APPLIED TO ECONOMICS II (Newbold, Carlson, and Thorne, chapters 9-12, 17-18)

Hypothesis Testing


(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.

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