Kenneth M. Kletzer

Professor of Economics

Department of Economics

University of California

Santa Cruz, CA 95064

Office: 461 Engineering 2

Phone: 831-459-3407

Fax: 831-459-5077

E-mail: kkletzer@ucsc.edu

Economics 100B: Intermediate Macroeconomics

Fall 2008

ANNOUNCEMENTS

Have a great holiday!

Grades out soon, but in the meantime some pre-vacation reading:

http://krugman.blogs.nytimes.com/2008/12/14/european-macro-algebra-wonkish/ (yes, it’s just the open-economy multiplier and poor European leadership)

and http://www.nytimes.com/2008/12/14/magazine/14wwln-lede-t.html?_r=1&ref=magazine

Lectures: Engineering Auditorium 101, MWF 9:30 – 10:40

Course Syllabus (pdf)

Professor Kletzer – Office Hours

When: Monday and Wednesday 1:30-2:30, or by appointment

Where: Engineering 2, Room 401E.

Other ways to contact me:

by phone, 459-3407, and by email, kkletzer@ucsc.edu

Teaching Assistants and Section Times

Office Hours

George Georgiou Thursday 2-4 pm, Room 403F in Engr. 2

Sean Lawrence Tuesday 12-2 pm, Room 403G in Engr. 2

Rajeswari Sengupta Tuesday 2-4 pm, Room 403G in Engr. 2

Email addresses

George Georgiou ggeorgio@ucsc.edu

Sean Lawrence shlawren@ucsc.edu

Rajeswari Sengupta rsengupt@ucsc.edu

Section Times and Places

Section 1 M 12:30 - 1:40 pm Baskin Eng 372 Sean Lawrence
Section 2 Tu 6:00 - 7:10 pm Social Sciences II 141 Raj Sengupta

Section 3 W 7:00 - 8:10 pm Cowell Acad 113 Sean Lawrence

Section 4 Th 12:00 - 1:10 pm Physical Sciences 140 George Georgiou

Section 5 Tu 4:00 - 5:10 pm Physical Sciences 140 Raj Sengupta

Section 6 Th 6:00 - 7:10 pm Physical Sciences 140 George Georgiou

Modified Supplemental Instruction (MSI) Sections

M 3:30- 4:40 pm          Arc Center 202
W 12:30-1:40 pm       Arc Center 202
Th 4:00- 5:15 pm         Oakes Learning Center

Important Dates

First Midterm Exam – Monday, October 27, 9:30pm in Engineering 101

Second Midterm Exam – Monday, November 17, 9:30pm in Engineering 101

Final Exam will be on Tuesday, December 9 at 7:30pm in Engineering 101

Problem Sets for Economics 100B

These will be posted here after I pass them out in lecture. They will not be available beforehand.

Problem Set Answers for Economics 100B

These will be posted for each problem set when your graded homework is returned to you in lecture or section.

Answers to Problem Set 1 (pdf)

Answers to Problem Set 2 (pdf)

Answers to Problem Set 3 (pdf)

Answers to Problem Set 4 (pdf)

Answers to Problem Set 5 (pdf)

Answers to Problem Set 6 (pdf)

Handouts

A copy of the balance of payments for the US is posted here. There are two pages, the current account and the capital account. I have also posted a graph of the US current account here.

In response to a question, I wrote out some notes on calculating long-term bond prices (you will notice this on problem set 4). Here it is.

You can view a power point presentation on the IS-LM model prepared by George (just click here). It is too long for lecture or section, but it goes through lots of examples that might be helpful for studying. A similar powerpoint on the AD-AS diagram is here.

Sample midterms

Sample Midterm 1

Sample Midterm 2

Answer Key for Midterms

Answer key for the First Midterm (pdf)

Answer key for the Second Midterm (pdf)

Sample final exam for Economics 100B

Sample Final

Some interesting links for macroeconomics

Websites with data and information on the U.S. Economy:

Bureau of Labor Statistics: Labor market and price level data

Bureau of Economic Analysis: GDP, production and income data

Bureau of the Census: Data on households and firms

U.S. Federal Reserve

Federal Reserve, monetary and financial data

The appendices to the Economic Report of the President provide comprehensive data on the U.S. economy:

Economic Report of the President

The U.S. budget is at

The Office of Management and Budget

It's analysis is at

Congressional Budget Office

These sites give leading indicators for the U.S. and foreign economies:

Conference Board

Economic Indicators

A great source of links to lots of websites with information on the economy and for economists:

Resources for Economists, American Economics Association

Links to newspapers

Links to world newspapers and online news

New York Times

Kenneth Kletzer – 23 September 2008