180.101 -- Elements of Macroeconomics:

This course introduces students to macroeconomics and its applications. There are two fifty minute lectures each week. In addition, students meet once a week in small sections led by teaching assistants. The sections mainly review lectures and problems, but new material is presented occasionally. There are two mid-terms, a final exam, and problem sets roughly every two weeks.

Time/Location: Monday & Wednesday 9am-10am, Hodson 110
Instructor: Louis Maccini
Office: Mergenthaler 439
Office Hours: Mon 2-3 pm, Wed 1-2 pm or by appointment
E-mail: maccini@jhu.edu
Phone: 410-516-7607

Course Documents:
Syllabus for Fall 2009
Teaching Assistant and Section Information
Tutoring Programs
First Term Exam Grade Correspondence
Second Term Exam Grade Correspondence

Problem Sets and Solutions:
Problem Set #1 -- Due in section 9/24 or 9/25.
Solutions to Problem Set #1
Problem Set #2 -- Practice problem set for section 10/1 or 10/2.
Solutions to Problem Set #2
Problem Set #3 -- Due in section 10/29 or 10/30.
Solutions to Problem Set #3
Problem Set #4 -- Practice problem set for section 11/5 or 11/6.
Solutions to Problem Set #4
Solutions to the first term exam
Solutions to the second term exam

Announcements:
11/20: The solutions for the second term exam have been posted above. Lecture notes for 11/23 have been posted below, along with six new recommended readings.
11/19: The grade correspondence for the second term exam has been posted above.
11/16: Lecture notes for 11/18 have been posted below.
11/13: Lecture notes for 11/16 and 11/18 have been posted below.
11/6: Solutions to problem set #4 have been posted above. Lecture notes for 11/9 & 11/16 have been posted below.
11/4: A complete version of lecture slides #12 (part 1) has been posted below. Information about the second term exam has been posted above.
11/2: Problem set #4 has been posted above. Problem set #4 is a practice problem set; it is not required and you will not be handing it in to your TA. Solutions to the fourth problem set will be discussed in section on 11/5 & 11/6.
10/31: Lecture slides for 11/2 and 11/4 have been posted below.
10/30: The solutions for problem set #3 have been posted above.
10/26: Lecture slides for 10/28 and 11/2 have been posted below, along with six new recommended readings.
10/24: Lecture slides for 10/26 have been posted below.
10/21: The third problem set has been posted above. It is due in section on 10/29 & 10/30.
10/19: Lecture slides for 10/21 have been posted below. The solution key to the first term exam has been posted above.
10/14: Lecture slides for 10/19 & 10/21 have been posted below. The grade correspondence for the first term exam has been posted above.
10/12: Lecture slides for 10/14 have been posted below.
10/10: Lecture slides for 10/12 & 10/14 have been posted below. The previous set of lecture slides have been updated with one new slide. The first term exam will be returned in section on 10/15 & 10/16.
10/3: Very important information for the first term exam has been posted above. Lecture slides for Monday, October 5, have been posted below. The solutions for the second problem set have been posted above.

Lecture Slides:
Important advice: We highly recommend that you print the slides for each lecture before the lecture itself. This will facilitate note-taking.
Lecture Slides #1 -- Handed out in lecture on Wed, Sept 2; continues in lecture on Wed, Sept 9.
Lecture Slides #2 -- For lecture on Wed, Sept 9.
Lecture Slides #3 -- For section on Thurs, Sept 10 & Fri, Sept 11.
Lecture Slides #4 -- For lecture on Mon, Sept 14 & Wed, Sept 16.
Lecture Slides #5 (part 1) -- For lecture on Wed, Sept 16.
Lecture Slides #5 (part 2) -- For lecture on Mon, Sept 21.
Lecture Slides #6 -- For lecture on Wed, Sept 23.
Lecture Slides #7 (part 1) -- For lecture on Mon, Sept 28.
Lecture Slides #7 (part 2) -- For lecture on Wed, Sept 30.
Lecture Slides #8 -- For lecture on Mon, Oct 5.
Lecture Slides #9 (part 1) -- For lecture on Mon, Oct 12 & Wed, Oct 14.
Lecture Slides #9 (part 2) -- For lecture on Wed, Oct 14.
Lecture Slides #10 (part 1) -- For lecture on Mon, Oct 19 & Wed, Oct 21.
Lecture Slides #10 (part 2) -- For lecture on Wed, Oct 21.
Lecture Slides #11 (part 1) -- For lecture on Mon, Oct 26.
Lecture Slides #11 (part 2) -- For lecture on Wed, Oct 28 & Mon, Nov 2.
Lecture Slides #12 (part 1) -- For lecture on Mon, Nov 2, & Wed, Nov 4.
Lecture Slides #12 (part 1 complete) -- Presented in lecture on 11/4.
Lecture Slides #12 (part 2) -- For lecture on Mon, Nov 9, & Mon, Nov 16.
Lecture Slides #12 (part 3) -- For lecture on Mon, Nov 16, & Wed, Nov 18.
Lecture Slides #13 (part 1) -- For lecture on Wed, Nov 18.
Lecture Slides #13 (part 2) -- For lecture on Mon, Nov 23.

Recommended Readings:
Housing, Mortgage Markets, and Foreclosures (Bernanke) -- Posted 9/28.
Reflections on a Year of Crisis (Bernanke) -- Posted 9/28.
Credit Crisis: The Essentials (NY Times) -- Posted 9/28.
Stimulus bill (ARRA) Wikipedia article -- Posted 10/26.
President's Council of Economic Advisers Report on stimulus bill -- Posted 10/26.
Letter from the Congressional Budget Office to Sen. Grassley -- Posted 10/26.
Economic Update from the CBO -- Posted 10/26.
Analysis of the stimulus bill from CRFB -- Posted 10/26.
Follow-up report on ARRA from CRFB -- Posted 10/26.
Text of Ben Bernanke's speech, 08/21/09 -- Posted 11/20.
Text of Ben Bernanke's speech, 10/08/09 -- Posted 11/20.
Text of Donald Kohn's speech, 04/18/09 -- Posted 11/20.
Text of Donald Kohn's speech, 05/23/09 -- Posted 11/20.
Systemic Risk and the Financial Crisis: A Primer -- Posted 11/20.
CBO: Addressing the Ongoing Crisis in the Housing and Financial Markets -- Posted 11/20.