14.462 is the second semester of the second-year Ph.D. macroeconomics sequence. The …
14.462 is the second semester of the second-year Ph.D. macroeconomics sequence. The course is intended to introduce the students, not only to particular areas of current research, but also to some very useful analytical tools. It covers a selection of topics that varies from year to year. Recent topics include:
Growth and Fluctuations Heterogeneity and Incomplete Markets Optimal Fiscal Policy Time Inconsistency Reputation Coordination Games and Macroeconomic Complementarities Information
What constitutes a recession? Two quarters of negative real GDP growth? Well, …
What constitutes a recession? Two quarters of negative real GDP growth? Well, most of the time that “rule of thumb” definition works, but not always. The NBER Business Cycle Dating Committee has a more nuanced way of determining what a recession is. This essay discusses where recessions come from, how they are determined, and how they end.
Many people love a roller coaster’s thrilling ups and downs. When it …
Many people love a roller coaster’s thrilling ups and downs. When it comes to the economy, however, most people would prefer to avoid a wild ride. In fact, most like a smooth ride with very few dips. This episode of The Economic Lowdown podcast series describes how the economy moves through phases of the business cycle, and the role the Federal Reserve System plays in smoothing some of the ride's bumps.
This 11 minute video examines the parts of the business cycle and …
This 11 minute video examines the parts of the business cycle and what factors contribute to its fluctuation. This video will aid in mastery of standard EPF. 5(c)
Looking for engaging content for your economics courses? The Institute for Humane …
Looking for engaging content for your economics courses? The Institute for Humane Studies has curated this collection of educational resources to help economics professors enrich their curriculum. Find videos, interactive games, reading lists, and more on everything from opportunity costs to trade policy. This collection is updated frequently with new content, so watch this space!
Students learn that economic forces have an impact beyond the financial world. …
Students learn that economic forces have an impact beyond the financial world. First, they learn that Progressive Era public health reforms inspired a commercial response to the growing demand for sanitation through the rapid increase in bathroom-fixture production. Students then use FRED, economic data from Federal Reserve Bank of St. Louis, to analyze how bathroom-fixture production changed throughout the 1920s. They examine primary documents—1920s advertising—to see how companies fused the Progressive Era with the new consumer culture. Finally, students complete the lesson by responding to AP U.S. History-style short-answer questions.
“Recession” is one of the scariest words in economics. The loss of …
“Recession” is one of the scariest words in economics. The loss of jobs and income can have lasting impacts on people’s lives. How does the economy get back on track when it’s off course? In this episode of The Economic Lowdown podcast series, you’ll learn about how the government uses fiscal policy to influence the economy.
Inflation, unemployment, recession, economic growth—these economic concepts affect people in very real …
Inflation, unemployment, recession, economic growth—these economic concepts affect people in very real ways. In two thought-provoking, interactive lessons, this course teaches students about fiscal policy, the avenue by which Congress and the president attempt to influence the economy. Graphs compliments of FRED.
In this course, your students will play the role of a freshman …
In this course, your students will play the role of a freshman lawmaker in the U.S. House of Representatives trying to serve his or her constituents' goals and the long-term goals of the United States. Along the way, they'll learn about the federal budget process and how federal government initiatives and programs are funded.
Learn about the Great Depression using a crossword puzzle and word search. …
Learn about the Great Depression using a crossword puzzle and word search. You can play online or print the activities. Also included are printable teacher's guides.
History holds many economic lessons. The Great Depression, in particular, is an …
History holds many economic lessons. The Great Depression, in particular, is an event that provides the opportunity to teach and learn a great deal about economics-whether you're studying the economic reasons that the Depression took place, the factors that helped it come to an end or the impact on Americans who lived through it. This curriculum is designed to provide teachers with economic lessons that they can share with their students to help them understand this significant experience in U.S. history.
Learn about the Great Depression using a crossword puzzle and word search. …
Learn about the Great Depression using a crossword puzzle and word search. You can play online or print the activities. Also included are printable teacher's guides.
In this 3 minute video, students are introduced to the concept of …
In this 3 minute video, students are introduced to the concept of fiscal policy which takes place via taxes, spending and borrowing in an effort to ease the boom and bust cycles of the business cycle. This video will aid in the mastery of standard EPF. 5 and 7
FRED® (Federal Reserve Economic Data) provides access to a wide range of …
FRED® (Federal Reserve Economic Data) provides access to a wide range of time-series data. Several of those series signal stress levels in financial markets and the probability of economic recession. This Special Edition of Page One Economics® describes indexes of financial and economic recession risk to new data users and can serve as a reference to advanced data users.
Principles of Macroeconomics 2e covers the scope and sequence of most introductory …
Principles of Macroeconomics 2e covers the scope and sequence of most introductory economics courses. The text includes many current examples, which are handled in a politically equitable way. The outcome is a balanced approach to the theory and application of economics concepts. The second edition has been thoroughly revised to increase clarity, update data and current event impacts, and incorporate the feedback from many reviewers and adopters.Changes made in Principles of Macroeconomics 2e are described in the preface and the transition guide to help instructors transition to the second edition.
This module covers:Measuring the Size of the Economy: Gross Domestic ProductAdjusting Nominal …
This module covers:Measuring the Size of the Economy: Gross Domestic ProductAdjusting Nominal Values to Real ValuesTracking Real GDP over TimeComparing GDP among CountriesHow Well GDP Measures the Well-Being of Society
By the end of this section, you will be able to:Explain recessions, …
By the end of this section, you will be able to:Explain recessions, depressions, peaks, and troughsEvaluate the importance of tracking real GDP over time
In this lesson, students read about incidences of racial discrimination and how …
In this lesson, students read about incidences of racial discrimination and how those incidences were met with methods of protests. They engage in an activity that matches programs for low-income people with the type of economic inequity the program addresses and observe an activity simulating tax payments and transfers.
How do we know how many people are unemployed? Why are they …
How do we know how many people are unemployed? Why are they unemployed? What can be done to get people back to work? Students get the answers to these and other questions in The Story of Unemployment, including why education might be the best way to avoid unemployment in their futures.
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