14.02 Principles of Macroeconomics
Spring 2008
Instructor: Francesco Giavazzi
TAs: Mauro Alessandro, Nicolas Arregui, Fernando M Duarte, Jesse Edgerton, Olga I Shurchkov, Carmen Taveras
Lecture: MW2 (54-100)
Information:
This class has two alternative formats. Both cover the same
topics, use the same textbook and have the same required
assignments.The two formats are the following:
1) Lecture-Recitation: One-hour lectures on Mondays and Wednesdays
given by Professor Giavazzi and one-hour recitation on Fridays
given by a TA.
2) All-Section: Attend one-hour sections on Mondays, Wednesdays,
and Fridays run by a TA.
Announcements
Quiz 3 Summary Stats
The summary stats are as follows:
Mean = 68.9; Median = 73
Stdev = 20.5
Max = 96
Min = 10
153 students took Quiz 3.
18 students had scores above 90.
26 students had scores between 80 and 90.
39 students had scores between 70 and 80.
33 students had scores between 60 and 70.
14 students had scores between 50 and 60.
11 students had scores between 40 and 50.
12 students had scores below 40.
Have a great summer!!! ~Olga
Announced on 23 May 2008 5:41 p.m. by Olga Shurchkov
Important reminder + practice problem clarification
Hi guys,
First of all, just a reminder that the final is tomorrow morning (Wednesday) at 9 AM in Johnson Ice Rink. Bring a calculator.
Secondly, I got a few emails asking about the seeming inconsistency between the UIP in the practice problems and the UIP the way we know it from this class. Namely, the UIP in the practice problem is downward-sloping relationship between i and E, while in class we've learned that it's upward-sloping. There is NO inconsistency, however. The question is from a few years ago, and so you will notice that the exchange rate is defined as the number of units of domestic currency (US $) it takes to buy 1 unit of foreign currency. This year, however, (and in the 4th edition of Blanchard), it's been redefined as 1 over that actually, i.e., the amount of foreign currency it takes to buy one US $. Thus, now appreciation means E going up and depreciation means E going down. (In the past, it was opposite!) So, for this test, please, use the current defition and hence draw the UIP as an upward-sloping curve. Hope this gets rid of all the confusions.
Good luck tomorrow! Olga
Announced on 20 May 2008 9:11 p.m. by Olga Shurchkov
Clarification on topics for the last quiz-Message from Olga
There have been several requests for clarification of the contents of the final. The final will contain material from chapters 14 - 21. The only stuff from Ch. 21 that is fair game for the final is AS-AD with fixed exchange rates
Announced on 16 May 2008 4:09 p.m. by Carmen Taveras
Final: Starts at 9 AM and will cover both FIXED and flexible exchange rates
Here is some important information you should know before the final:
- When: Wednesday, May 21st, 9 AM
- Where: Johnson Ice Rink
- Duration: 1 hour 30 minutes (same at the quizzes!)
- Contents: The final is NOT cumulative. It covers chapters 14-20 + fixed exchange rates.
- Format: same as the quizzes.
- Calculators are allowed. Notes are NOT allowed.
Those of you taking the final at a conflict time, you should already know the location and time. If you are still unsure, you can email me about it. (The only legitimate excuse to take the conflict final is another final exam at the same time.)
Make sure you do the practice problems I posted on Stellar. Good luck!
Announced on 15 May 2008 12:26 p.m. by Olga Shurchkov
Carmen's office hours before the final
Carmen has moved her office hours to Monday, 10:30-11:30 AM in E52-243D for next week.
Announced on 15 May 2008 12:24 p.m. by Olga Shurchkov