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Economic Journal Introduction to Macroeconomics
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Economic Journal Introduction to Macroeconomics
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For the duration of the course you are expected to keep an 'economic journal,' where you keep track of the development of the following key macroeconomic variables:
Quarterly: nominal and real GNP, Balance of Trade (Goods and Services)
Monthly: unemployment rate and inflation rate (CPI)
Weekly: Federal Funds rate, money supply (M2), exchange rate of the U.S.
Dollar versus the Euro and the Japanese Yen.
For the quarterly data, go back to January 2000 and for the monthly data to January 2002. The weekly data should start with the week of Sept 16th, 2001.
At the end of the semester, write up a three-page report (double-spaced and typewritten) summarizing the state of the U.S. economy on the basis of the data you collected. Your report has to be accompanied by your data and by selected articles from the daily paper you read (WSJ, NYT, or FT). Make sure you specify the sources for all your information. The report is due on Dec 11th by 5 pm.