ECN 327: INTERMEDIATE MACROECONOMICS
Professor Leonard Lardaro
804 Chafee Hall
E-mail: llardaro@uri.edu

Texts:
R. Gordon, Macroeconomics (12th ed) - 10^th or 11^th eds acceptable as well - check Amazon.com
W. Carnes and S. Slifer, The Atlas of Economic Indicators
Stikky Stock Charts (at RI Book Co. only)
Course Blog Site: http://uriecon.blogspot.com/

Macroeconomics is the study of aggregate economic activity. The typical principles level course in macroeconomics provides a survey of methods for measuring macroeconomic activity and outlines basic models of the interrelationships between key macroeconomic variables such as the price level, gross domestic product, employment, unemployment, and interest rates. The purpose of this course is to expose students more formally to macroeconomic theory: its nature, uses, strengths, and weaknesses. The first part of this course reviews the topics covered at the principles level. For the remainder of the semester, these initial concepts are extended into more complex and realistic models that allow students to begin systematically evaluating questions of contemporary importance in this area. I assume that persons enrolled in this course have taken ECN 202 (or its equivalent), and possess familiarity with basic index numbers and the simple Keynesian model. YOU SHOULD REVIEW BASIC SUPPLY AND DEMAND - WE WILL USE THIS A GREAT DEAL THROUGHOUT THE SEMESTER.

The Gordon text is consistent with the applied orientation of this course, while also providing exposure to formal macroeconomic theory. It is a highly readable text, yet fairly complete in its topical coverage. Its distinctive features include an ongoing emphasis on the application of theory to contemporary problems, and an exposition that is primarily graphical (rather than algebraic). Historically, this emphasis has been the most effective one given the backgrounds of students.

The Carnes and Slifer text complements the main text well. It will assist you in applying macroeconomic theory to "the real world," while presupposing little theoretical background. Chapters provide well-written explanations (with examples) of key macroeconomic areas, allowing you to gain experience in the application of formal theory to events that are currently taking place. 

I have added a new text, Stikky Stock Charts, which does an exceptional job of providing a set of tools necessary for following actual asset markets. Within one hour you will be “up and running” with the ability to ascertain trends and several technical formations in markets. This is a critical supplement to the theory and other applied material that we will be covering, as it often signals changes in key variables well before what recent data releases would typically lead us to expect. We will use this background throughout the entire semester along with data and graphs from stockcharts.com.

In addition to these texts, I highly recommend that you read Barron's and the Wall Street Journal throughout this semester. For subscribers, the online versions are very useful. The online version of Barron's is especially powerful, as it contains weekly economic summaries that follow much of what we will be covering in class. I recommend the Morgan-Stanley Global Economic Forum: http://www.morganstanley.com/views/gef/index.html and a currency/macro site: http://www.dailyfx.com/ . Also, an excellent source of weekly economic summaries of each major “number” released that week can be found at: http://fidweek.econoday.com/. In lieu of these, nightly news and weekly publications such as Business Week and Newsweek are excellent sources. A very good general reference is MarketWatch: http://www.marketwatch.com/. Another recommended site is CNN Money: http://www.money.com. Finally, a substantial amount of class time will be devoted to group discussions and applications projects as a means of establishing your ability to apply the macroeconomic theory covered in lectures and the text.

I have created a course Blog, whose URL is given above (under Texts). I will post information, graphs, discussion of trends, etc. on this site throughout the semester. This allows me to provide information to you when we are not in class (especially on weekends). There will even be a couple of extra-credit assignments posted as the semester progresses.

Finally, there are three web sites that I HIGHLY recommend. The first is INVESTOPEDIA: http://www.investopedia.com/ . Enter a business term and you will see a definition and possibly articles relating to this term. Second is ANSWERS.COM: http://www.answers.com/ . Also, enter a term and get answers from several fields along with footnote references. I HIGHLY RECOMMEND THEIR ONE-CLICK ANSWERS DOWNLOAD (the URL for that page is: http://www.answers.com/main/product_info.jsp ). The last reference is Wikepedia, the online encyclopedia: http://en.wikipedia.org/wiki/Main_Page .

Grading:
Your grade for this course will be based on the total number of points earned out of a total of 400 possible points from: a cram-proof midterm exam; a cumulative cram-prooffinal exam; a group paper; two group homeworks/projects; and participation. The midterm and final count as 120 points each. The group paper is 60 points, while the homeworks/projects count as 80 points in total. Participation, which is substantially affected by attendance, is 20 points. Anyone talking, or texting, or generally goofing off during a lecture will be marked absent for that day ("effective absence"). Letter grades will be assigned according to the following table:

Test questions will be essay, problem, or short-answer essay. The homeworks/projects will be given at various points throughout the semester. The group paper (see below) requires you to research and produce a descriptive forecast of one of the topics I have selected for this semester. It is due on our last day of class. I will still accept forecast papers in the time period from the last class to the beginning of the final exam. HOWEVER, these tardy papers will be penalized one letter grade. Once the final exam has started, no papers will be accepted.

Group Paper: Due OUR Last Day of Class
Choose one of the following topics for your forecast paper. Study its historical behavior and determinants (i.e., explanatory variables) then outline the ways in which you expect the dominant trends and major explanatory factors to change and interact, providing an underlying basis for your forecast over the next six months. Summarize your findings with a 3 - 7 page typewritten, double-spaced paper that includes both short-term and long-term trend graphs. Be sure to elaborate on the basis for your prediction. DO NOT MERELY SUMMARIZE PAST BEHAVIOR THEN HAVE ONE OR TWO PARAGRAPHS ON A FORECAST! Be sure to include footnotes, as appropriate, and a bibliography. For this, use the Chicago Manual of Style, which is available online: http://www.libs.uga.edu/ref/chicago.html .

      The S&P 500 Average(give a +/- 20 point forecast)
The US Dollar - Euro Exchange Rate (give a +/- $0.05 forecast)
The 10-Year Government Bond Interest Rate(provide a +/- 25 basis point forecast)

Your grade for this paper will be heavily influenced by the factors that underlie your prediction. DO NOT simply repeat what others in the media are saying. I will judge your paper in terms of: (i) the factors you identify as being most important; (ii) how you anticipate that these factors will interact to generate the forecast you decide upon; and (iii) how well the entire "product" fits together. A required resource for this paper is: Stockcharts.com: http://www.stockcharts.com.

Several recommended references for this paper are:
Business Week - "Business Outlook" page
The Morgan-Stanley Global Economic Forum: http://www.morganstanley.com/views/gef/index.html
An Exceptional Global Currency Site - DailyFx: http://www.dailyfx.com/
The Financial Times (website: http://news.ft.com/home/us )
The Economist (website: http://www.economist.com/index.html )
2010 Economic Calendar: http://fidweek.econoday.com/ (presents major indicators, brief explanations of their performances as they are released, and can go back weeks to see the various indicators' behaviors)

COURSE OUTLINE
(available online: http://www.uri.edu/artsci/ecn/lardaro/327syll.html)
Lecture Notes are in Adobe Acrobat Format (PDF files). If your computer does not have Acrobat installed, you can download it for free by clicking on the icon below:

1. INTRODUCTION
   a. Traditional Introduction
   Gordon, Chapter 1.
   Carnes and Slifer, Chapter 1.
   The Nature of Economic Change: http://www.clevelandfed.org/research/commentary/2003/Dec03.pdf
   Bubble, Toil, and Trouble: http://www.clevelandfed.org/Research/Commentary/2003/1015.pdf
    Amos Web Encyclonomic," http://www.amosweb.com/cgi-bin/awb_nav.pl?s=wpd
   A Journalist's Guide to Economic Terms: http://www.tuition.com.hk/dictionary/
   iFigure Calculators: http://www.ifigure.com/
   Layoffs: Creative Destruction: http://www.fool.com/news/foth/2001/foth010726.htm?ref=em_fwcm1
   The US Economy at a Glance: http://stats.bls.gov/eag/eag.us.htm
   (USE THE "PUZZLES" IN CHAPTER 1 TO ORGANIZE YOUR KNOWLEDGE OF TOPICS THROUGHOUT THE SEMESTER)
   
   b. Technical Analysis of Markets
   Stikky Stock Charts (read entire book first week of class)
   Reading the Balance Sheet: http://www.investopedia.com/articles/04/031004.asp
   Are Stocks Really Cheap? http://www.greenfaucet.com/print/17433#
   Why Should I Know Technical Analysis?: http://www.tradingacademy.com/lessons/20100810/stocks_article.htm
   MY Handouts (Required reading):
   (1)Getting Started with Stockcharts.com: http://www.uri.edu/artsci/ecn/lardaro/technical_analysis/Stockcharts%20Handout.pdf
   (2) Moving Averages: http://www.uri.edu/artsci/ecn/lardaro/technical_analysis/MOVING%20AVERAGES.pdf
   (3) Relative Strength Indicator: http://www.uri.edu/artsci/ecn/lardaro/technical_analysis/RELATIVE%20STRENGTH%20INDICATOR.pdf
   (4) Price Relative: http://www.uri.edu/artsci/ecn/lardaro/technical_analysis/PRICE%20RELATIVE.pdf
   (5) An Introduction to Stock Charting: http://www.uri.edu/artsci/ecn/lardaro/charting/charting.html
   Recommended (but optional) references from Stockcharts.com:
   Technical Analysis (Parts 1 &  2): http://stockcharts.com/education/Overview/techAnalysis1.html
   Chart Analysis: http://stockcharts.com/education/ChartAnalysis/index.html
   ChartPatterns.com: http://www.chartpatterns.com/
   
   
2. BASIC BUILDING BLOCK
   a. GDP
   Text, Chapter 2.
   Online Notes: "Gross Domestic Product": http://www.uri.edu/artsci/ecn/lardaro/ZV/GDP.pdf
   Carnes and Slifer, Chapters 2, 17, 18.
   Track Market Sectors: http://stockcharts.com/charts/performance/SPSectors.html
   More Sector Tracking (Market Carpets): http://stockcharts.com/charts/carpet.html
   Recessions and Business: http://investopedia.com/printable.asp?a=/articles/economics/08/recession-affecting-business.asp
   Recessions and Industries that Thrive: http://investopedia.com/printable.asp?a=/articles/stocks/08/industries-thrive-on-recession.asp
   Energy Price Futures: http://www.quote.com/us/futures/energy.action
   Options and the Future: What Do Markets Think? http://www.clevelandfed.org/Research/Commentary/2002/1001.pdf
   Business Cycle Expansions and Contractions: http://www.nber.org/cycles.html
   The NBER's Recession Dating Procedure in the Light of Current Developments: http://www.nber.org/cycles/recessions.html
   Official Business Cycle Dates Don’t Capture All Ups and Downs: http://research.stlouisfed.org/publications/regional/05/10/nat_overview.pdf
   
   b. Interest Rate Determination: The Money and Bond Markets
   Online Notes: The Bond Market: http://www.uri.edu/artsci/ecn/lardaro/3345/BONDS.pdf
   Online Notes: The Bond Market2: http://www.uri.edu/artsci/ecn/lardaro/3345/BONDS2.pdf
   A Bond Primer: http://www.smartmoney.com/investing/bonds/a-bond-primer-7921/
   Everything You Need To Know About Bonds: http://www.pimco.com/EN/Education/Pages/Everythingyouneedtoknowaboutbonds.aspx
   The Bond Market Can’t Make Up Its Mind: http://www.marketwatch.com/News/Story/Story.aspx?guid=%7B9537370A%2DE74D%2D4F62%2DB87D%2DE974AAA0998F%7D&siteid=mktw&dist=
   Interest Rates, Yield Curves, and the Monetary Regime: http://www.clevelandfed.org/research/Commentary/2004/06-01.pdf
   Track the Yield Curve: http://www.bondheads.com/
   Historical Yield Curve: http://stockcharts.com/charts/YieldCurve.html
   Leading Indicators of Behavioral Finance: http://www.investopedia.com/printable.asp?a=/articles/trading/06/behavioralfinance.asp
   Why are TIIS Yields So High? The Case of the Missing Inflation-Risk Premium: http://www.clevelandfed.org/Research/Commentary/2003/0315.pdf
   TIPS Basics: http://www.treasurydirect.gov/instit/statreg/auctreg/auctreg_gsrlist.htm
   Why Haven’t Long-term Interest Rates Fallen? http://www.clevelandfed.org/research/commentary/2002/0102.pdf
   The Living Yield Curve: http://www.smartmoney.com/investing/bonds/the-living-yield-curve-7923/
   US Treasury Yields (this site provides a graph of the current Yield Curve): http://www.bloomberg.com/markets/rates/index.html
   FED Focus: http://money.cnn.com/news/specials/fed/
   
   c. Flexible Exchange Rates
   Text, Chapter 7 (exclude the IS-LM model material at this point).
   Online Notes: "Flexible Exchange Rates":
   http://www.uri.edu/artsci/ecn/lardaro/ZV/Flexible_Exchange_Rates.pdf
   Currency Basics: http://www.pimco.com/EN/Education/Pages/PIMCOCurrenciesBasics.aspx
   CNBC Videos on Currency Trading: http://www.cnbc.com/id/41604518/
   The 7 Pillars of Forex Trading: http://www.tradingacademy.com/lessons/20100810/forex_article.htm
   Carry Trade: http://www.investopedia.com/printable.asp?a=/articles/forex/07/carry_trade.asp
   Taking Advantage of a Weak Dollar: http://investopedia.com/printable.asp?a=/articles/forex/08/weak-usd.asp
   Forex: Technical Analysis and Indicators: http://www.investopedia.com/university/forexmarket/forex7.asp#axzz1VmDoB36B
   Burger Survey Provides Taste of International Economics: http://research.stlouisfed.org/publications/regional/04/01/international_econ.pdf
   Forex Basics: http://www.investopedia.com/printable.asp?a=/articles/forex/08/forex-concepts.asp
   A Hitchhiker’s Guide to the US Current Account Problem: http://www.clevelandfed.org/research/Review/1990/90-q1-humpage.pdf
   The Economic Rise of China: Threat or Opportunity? http://www.clevelandfed.org/research/commentary/2003/0801.pdf
   Worries about Foreign Currency Reserves: http://online.wsj.com/public/article/SB114710757447146758-vgS6pBo_YDBwbCu5e9LjfsSVBgg_20070508.html?mod=blogs
   Is Japan Recovering? http://www.aei.org/publications/pubID.19069/pub_detail.asp
   The Weaker Dollar is Good News: http://www.aei.org/publications/pubID.17220/pub_detail.asp
   The US Trade Deficit: Sideshow to the New Economy?: http://research.stlouisfed.org/publications/regional/00/04/TradeDeficit.pdf
   A Beginner's Guide to Exchange Rates: http://economics.about.com/library/weekly/aa022703a.htm
   The Morgan-Stanley Global Economic Forum: http://www.morganstanley.com/views/gef/index.html
   Economist.com Country Briefings: http://www.economist.com/countries/
   The Currency Site: http://www.oanda.com
   National Statistics: The Official UK Statistical Web Site: http://www.statistics.gov.uk/
   Bloomberg Online - World Currencies:
   http://www.bloomberg.com/markets/currencies/americas_currencies.html
   (REVIEW THE CHAPTERS IN YOUR PRINCIPLES TEXT THAT DISCUSS GDP and Money Demand/Money Supply and basic interest rate determination)

3.             THE SIMPLE KEYNESIAN MODEL
 a. Basic Theory
Gordon, Chapters 2 (again),3.
Carnes and Slifer, Chapters 7, 8, 11, 12, 16.
Online Notes: "Introduction to Macroeconomics":
http://www.uri.edu/artsci/ecn/lardaro/ZV/Intro_to_Macro.pdf
Online Notes: "The Basic Keynesian Model":
http://www.uri.edu/artsci/ecn/lardaro/ZV/Basic_Keynesian_Model.pdf
Ranking Economic Indicators: http://www.calculatedriskblog.com/2011/06/updated-list-ranking-economic-data.html?utm_source=feedburner&utm_medium=twitter&utm_campaign=Feed%3A+CalculatedRisk+%28Calculated+Risk%29&utm_content=Twitter
Reckoning the Odds of Recession: http://politicalcalculations.blogspot.com/2006/04/reckoning-odds-of-recession.html
Sector Rotation: The Essentials: http://www.investopedia.com/printable.asp?a=/articles/trading/05/020305.asp
Factories are Ready to Hire but Find Skill Shortages: http://www.nytimes.com/2010/07/02/business/economy/02manufacturing.html?_r=1
What Shape Will the Recovery Be? http://selectdl.smartmoney.com/investing/short-term-investing/the-shape-of-the-recovery-5-chart-signs-to-watch-for/?print=1
Are We Saving Enough? http://www.clevelandfed.org/Research/Commentary/2000/0700.pdf 
Do We Have a Savings Crisis? www.stlouisfed.org/publications/re/2005/c/pages/saving_crisis.cfm
The Churn: The Paradox of Progress: http://www.dallasfed.org/fed/annual/1999p/ar92.pdf
Layoffs: Creative Destruction: http://www.fool.com/news/foth/2001/foth010726.htm?ref=em_fwcm1
(REVIEW THE CHAPTERS IN YOUR PRINCIPLES TEXT THAT DISCUSS THE KEYNESIAN CROSS, EQUILIBRIUM GNP, AND THE MULTIPLIER) .

EXAM

b. Fiscal Policy
Text, Chapter 6 (know this material well - be able to supplement online notes with this)
Online Notes: "Fiscal Policy":
http://www.uri.edu/artsci/ecn/lardaro/ZV/Fiscal_Policy.pdf
The Debt Ceiling: http://www.washingtonpost.com/wp-srv/special/politics/federal-debt-explainer/?hpid=z2
The Political Genius of Supply-Side Economics: http://blogs.ft.com/martin-wolf-exchange/2010/07/25/the-political-genius-of-supply-side-economics/#more-506
The Return of Voodoo Economics: http://www.washingtonpost.com/wp-dyn/content/article/2006/05/14/AR2006051400806.html
Do Tax Cuts Pay for Themselves? http://www.cbpp.org/3-8-06tax.htm

4.    MEASUREMENT IN MACROECONOMICS: INFLATION AND UNEMPLOYMENT
Gordon, Chapter 2 (again).
Carnes and Slifer, Chapters 5,6,10,13.
Online Notes: "Inflation and Unemployment":
http://www.uri.edu/artsci/ecn/lardaro/ZV/Inflation_&_Unemployment.pdf
Seasonal Adjustment of Data: http://www.dallasfed.org/data/basics/seasonally.html
Inflation Central: http://www.clevelandfed.org/research/Inflation/index.cfm?first=5000&year1=1952&year2=2005
Is It More Expensive, or Does It Just Cost More Money? http://www.clevelandfed.org/research/commentary/2002/0515.pdf
The Demographics of Inflation Opinion Surveys: http://www.clevelandfed.org/Research/Commentary/2001/1015.pdf
What is the Right Inflation Rate? http://www.clevelandfed.org/Research/Commentary/2003/0915.pdf
The Employment Report: http://investopedia.com/printable.asp?a=/articles/04/092204.asp
What the Unemployment Rate Doesn't Tell US: http://financialedge.investopedia.com/financial-edge/0609/What-The-Unemployment-Rate-Doesnt-Tell-Us.aspx
Why Hiring Might Not Rise in a Recovery: http://www.latimes.com/business/la-fi-jobless-recovery2-2009jul02,0,4591258,print.story
Another Jobless Recovery” http://www.clevelandfed.org/research/trends/2008/0808/01ecoact.cfm
Economic Indicators (by the Numbers):
http://www.forexhound.com/article/Central_Banks/Fed_Background/Economic_Indicators_By_the_Numbers/69850
Flow of Funds Accounts of the US: http://www.federalreserve.gov/releases/Z1/Current/
Five Myths about Deflation: http://www.case.com.pl/upload/publikacja_plik/894167_Five%20Myths%20about%20deflation.pdf
Lardaro, Applied Econometrics, Chapter 3 (optional - on reserve)
Consumer Confidence Surveys, http://research.stlouisfed.org/publications/regional/03/04/confidence.pdf
The Internet Site for Economists: http://www.inomics.com/query/show?what=welcome
CPI Calculation Machine: http://woodrow.mpls.frb.fed.us/research/data/us/calc/
(REVIEW THE CHAPTERS IN YOUR PRINCIPLES TEXT THAT COVER THE CPI, INFLATION, AND THE UNEMPLOYMENT RATE).

DATA SOURCES:
Economic Report of the President -- Statistical Tables:
http://www.gpoaccess.gov/eop/download.html
The Statistical Abstract of the United States:
http://www.census.gov/prod/www/abs/statab2006_2009.html
Economy.com's Free Lunch: http://www.economy.com/freelunch  
Foreign Labor Statistics: http://146.142.4.24/cgi-bin/surveymost?in
Federal Reserve Economic Data (FRED): http://research.stlouisfed.org/fred2/
International Economic Data: http://www.dallasfed.org/data/interdata.html
BLS Major Indicator Releases:  http://www.bls.gov/bls/newsrels.htm
The US Economy at a Glance: http://stats.bls.gov/eag/eag.us.htm

5. THE IS - LM MODEL, INTERNATIONAL TRADE, FISCAL AND     MONETARY POLICY
a. THE IS-LM MODEL
Gordon, Chapters 3(again),4 .
Carnes and Slifer, Chapters 3,9,11,14,15,17.
A Look at Return on Invested Capital: http://www.fool.com/news/foth/2000/foth000927.htm 
Stock Prices and Output Growth: An Examination of the Credit Channel: http://www.clevelandfed.org/research/commentary/2002/0815.pdf

b. MONETARY POLICY
Gordon, Chapters 5,13,14.
Carnes and Slifer, Chapters 1,19,20,21.
Hoenig Calls Fed Policy "Dangerous Gamble": http://www.marketwatch.com/story/hoenig-calls-fed-policy-dangerous-gamble-2010-08-13
Behind the Scenes of your Mortgage: http://investopedia.com/printable.asp?a=/articles/pf/07/secondary_mortgage.asp
Credit Default Swaps: http://investopedia.com/printable.asp?a=/articles/optioninvestor/08/cds.asp
Market Crashes: http://www.investopedia.com/features/crashes/
The Credit Crisis Visualized: http://www.getrichslowly.org/blog/2009/02/25/the-credit-crisis-visualized/
Who is to Blame for the Sub-Prime Crisis? http://investopedia.com/printable.asp?a=/articles/07/subprime-blame.asp
Why Housing Bubbles Pop: http://investopedia.com/printable.asp?a=/articles/07/housing_bubble.asp
Globalization and Monetary Policy: http://www.clevelandfed.org/For_the_Public/News_and_Media/Speeches/2008/Pianalto_20080513.cfm
The Taylor Rule: A Guidepost for Monetary Policy? http://www.clevelandfed.org/Research/Commentary/2003/0703.pdf
The FED Abandons Bold Reflation Measures: http://www.aei.org/publications/pubID.18113/pub_detail.asp
Japan's Lost Decade: Lessons for America: http://www.aei.org/publications/pubID.12375/pub_detail.asp 
Japan's Choices: http://www.aei.org/publications/pubID.14026/pub_detail.asp 
Federal Reserve Economic Data (FRED): http://research.stlouisfed.org/fred2/   
"The Beige Book" of the Federal Reserve, released every six weeks:
http://www.federalreserve.gov/FOMC/BeigeBook/2006/
"US Monetary Policy: An Introduction,"
 http://www.frbsf.org/publications/federalreserve/monetary/index.html 

6. A FLEXIBLE PRICE AGGREGATE ECONOMIC MODEL
a. Aggregate Demand and Aggregate Supply
Gordon, Chapter 8.
Carnes and Slifer, Chapter 8.
The New Economy: What It Really Means, Business Week, 11/17/97: http://www.businessweek.com/1997/46/b3553084.htm
Cost-Push vs. Demand Pull Inflation: http://investopedia.com/printable.asp?a=/articles/05/012005.asp
Inflation-Protected Securities: http://investopedia.com/printable.asp?a=/articles/04/091504.asp
Deflationary Shocks: http://www.investopedia.com/articles/economics/09/deflationary-shocks-economy.asp
Inflation's Economic Cost: http://www.stlouisfed.org/publications/re/2006/c/pages/inflation.cfm
Predicting Inflation: http://research.stlouisfed.org/publications/regional/02/01/Inflation.pdf
Stagflation 1970s Style: http://investopedia.com/printable.asp?a=/articles/economics/08/1970-stagflation.asp
Understanding Supply-Side Economics: http://investopedia.com/printable.asp?a=/articles/05/011805.asp

b.  Inflation, Unemployment, Productivity, and the Philips Curve
Gordon, Chapter 9 (up to p.270).
Bernanke Speech on Deflation: http://www.federalreserve.gov/boarddocs/speeches/2002/20021121/default.htm
Explanation of Stagflation: http://www.investopedia.com/articles/economics/08/stagflation.asp?partner=ntu3#axzz1VmDoB36B
Effect of Inflation on Investments: http://www.pimco.com/EN/Education/Pages/InflationPrimer.aspx
Government Revises Job Tracker: http://cnnfn.cnn.com/2000/05/08/economy/jobs/
Predicting Inflation: Food for Thought: http://research.stlouisfed.org/publications/regional/02/01/Inflation.pdf
The American Economy: Producing More with Less: http://research.stlouisfed.org/publications/regional/00/07/Producing.pdf
The Microchip Flexes its Muscle: Can it Compete with History's Best?: http://research.stlouisfed.org/publications/regional/01/07/Microchip.pdf
Rising Oil Prices and Turmoil: http://research.stlouisfed.org/publications/regional/01/01/OilPricesTurmoil.pdf
Producing More with Less: http://research.stlouisfed.org/publications/regional/00/07/Producing.pdf
The Natural Rate, NAIRU, and Monetary Policy, http://www.frbsf.org/econrsrch/wklyltr/wklyltr98/el98-28.html
The Tech Adoption Life Cycle: http://www.fool.com/research/2000/foolsden000825.htm
 
PAPER (DUE OUR LAST DAY OF CLASS)
FINAL EXAM