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Readings|MacroandInternationalEconomics|SloanSchoolofManagement|MITOpenCourseWare
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StudyQuestionsareavailableforeachsessiontoguideyourreading.ATextbookGuideisalsoavailabletohighlightrecommendedchaptersfor
studentswhowanttoaugmenttheirknowledgeofthematerial.
SES#

TOPICS

READINGS

SYLLABUS
Kennedy,RobertE."NationalIncomeAccounting."HarvardBusinessSchoolCase.HarvardBusiness
SchoolPublishing.Case:9797075,November15,1996.

CALENDAR
1

READINGS

Theissues,
shortterm
andlongterm

BureauofEconomicAnalysis."GDPGrowthAcceleratesinFourthQuarter."U.S.Departmentof
Commerce.(PDF)
."GDPandtheEconomy:ThirdEstimatesfortheFirstQuarterof2011."U.S.Departmentof
Commerce,July2011.(PDF)
"WorldEconomicOutlookUpdate."InternationalMonetaryFund,June17,2011.

STUDY QUESTIONS
TEXTBOOK GUIDE

Determinants
oflongterm
growth

Exchange
ratesfor
emerging
markets

LECTURE NOTES
ASSIGNMENTS
EXAMS

Acemoglu,Daron,SimonJohnson,andJamesRobinson."InstitutionsasaFundamental
CauseofLongRunGrowth."Chapter6inHandbookofEconomicGrowth,Volume1A.EditedbyPhilippe
AghionandStevenN.Durlauf.NorthHolland,2006,pp.388420.ISBN:9780444520418.[Previewwith
GoogleBooks]
Alfaro,Laura,RafaelDiTella,etal."China:ToFloatorNottoFloat?(A)"HarvardBusinessSchoolCase.
HarvardBusinessSchoolPublishing.Case:9706021,March2,2006.
Rigobon,Roberto."TheBBNNModel."(PDF1.1MB)
Johnson,Simon."BraceforaLongRecoveryFromGlobalCreditGlut:SimonJohnson."Bloomberg,
September11,2011.

PROJECTS
DOWNLOAD COURSE
MATERIALS

Alfaro,Laura,RafaelDiTella,etal."U.S.CurrentAccountDeficit."HarvardBusinessSchoolCase.
HarvardBusinessSchoolPublishing.Case:9706002,July6,2005

Exchange
ratesfor
industrialized
countries

Rigobon,Roberto."SimpleNotesontheISLMModel."(PDF)
Boone,Peter,andSimonJohnson."WhatNextforGreeceandforEurope?"TheNewYorkTimes,
September15,2011.

Bankingcrises

Modern
financialcrises

Japan'slost
decade

CrisisinAsia,
199798

Whoismore
pronetocrisis
nowEurope
ortheUS?

Moss,DavidA.,andColeBolton."TheFederalReserveandtheBankingCrisisof1931."HarvardBusiness
SchoolCase.HarvardBusinessSchoolPublishing.Case:9709040,January20,2009.
Alfaro,Laura,andReneeKim."TheFirstGlobalFinancialCrisisofthe21stCentury."HarvardBusiness
SchoolCase.HarvardBusinessSchoolPublishing.Case:9709057,April7,2009.
Bernanke,Ben."TheFinancialAcceleratorandtheCreditChannel."TheFederalReserve,June15,2007

Schraede,Ulrike."JapaneseFinancialSystem:FromPostwartotheNewMillennium."HarvardBusiness
SchoolCase.HarvardBusinessSchoolPublishing.Case:9700049,October20,1999.
Kwak,James."JapanforBeginners."TheBaselineScenario,December21,2008.

Alfaro,Laura,RafaelDiTella,etal."Korea:Afterthe1997FinancialCrisis."HarvardBusinessSchool
Case.HarvardBusinessSchoolPublishing.Case:9707042,March20,2007.
Johnson,Simon,andJamesKwak."OtherPeople'sOligarchs."Chapter2in13Bankers:
TheWallStreetTakeoverandtheNextFinancialMeltdown.Pantheon,2010.ISBN:9780307379054.

Boone,Peter,andSimonJohnson."EuropeontheBrink."PetersonInstituteforInternationalEconomics,
PolicyBrief1113,July2011.(PDF1.6MB)

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