Economics 311, Winter, 2005

Textbook: Olivier Blanchard, Macroeconomics, 3nd edition, ISBN: 0-13-146225-3.


Figures for Lecture 1, Jan. 3: US GDP, 20th Century, US GDP 1960 and Later, US GDP, Deviation From Trend, US Inflation, Japanese GDP, US Dollar/Euro Exchange Rate, US Current Account, US Exports and Imports

Materials for Lecture 2, Jan. 5: Notes on the US current account deficit. Fig1, Fig2.

Lecture 3: handout and notes on recessions and reductions in investment. Notes on interest rates and recession. Notes on interest rates and money demand.

February 9 and 14 lectures: US Great Depression Figures and Angus Maddison Figure (Dynamic Forces in Capitalist Development, Oxford University Press, 1991, pp. 54-55).

February 23 and 28 lectures. Japanese Exchange Rate and US, Japanese Interest Rates. Current Account, Argentina Capital Flows Data

Answers to Email Questions from students in previous quarters

The first midterm is January 26. Midterm results.

The second midterm is February 16. Midterm results.

The final exam.

Homeworks and Answers.

Handouts associated with the lectures will be posted on this website. In addition, I will post articles on current events - with commentary – as I come across them. Here are articles and commentary posted last year. If you see an article that seems relevant to this course, please bring it to my attention.

Great Depression Figures and Angus Maddison Figure (Dynamic Forces in Capitalist Development, Oxford University Press, 1991, pp. 54-55) for February 9 and February 14 lectures.

Answers to email questions from students will be posted here as I receive them (for privacy, I will delete the student’s name in my posting).

Links of interest to this course: Growth; Nouriel Roubini's web site; Krugman; Brad DeLong

Economic Data:


Nice overview of main aggregate US time series, but not easily downloaded - Appendix B in Economic Report of the President:


Fabulous, downloadable source of US data: Federal Reserve Bank of St Louis 


Lot's of great charts from Dr. Yardeni


Particularly good for Historical Data - National Bureau of Economic Research


Downloadable source of US National Income and Product data, in many cases going back to 1929 - Bureau of Economic Analysis


Data on Assets and Liabilities of Various Sectors of the Economy, not convenient for downloading: Flow of Funds Accounts


Data From the Bureau of the Census.


European Data: Eurostat


Tons of data for lots of countries: economagic (for most of these data, you need


Bureau of Labor Statistics


other data.

Excellent sources for economic news and analysis include the New York Times, the Economist Magazine, as well as some of the speeches of federal reserve governors.

Answers to questions by N.Gregory Mankiw, Chairman of the Council of Economic Advisors. This website presents the Bush administration's perspective on the economy, written by an economist with the best academic credentials.

Past Exams:




1997, Winter

1997, Fall