The readings in this course are from the following three sources:
[MIM] = Rigobon, Roberto. Managerial International Macroeconomics (PDF - 4.1MB). (Preliminary and incomplete, March, 2016).
[FT] = Feenstra, and Taylor. International Economics. Worth Publishers, 2014. ISBN: 9781429278423.
[JG] = Gruber, Jonathan. Public Finance and Public Policy. Worth Publishers, 2015. ISBN: 9781464143335.
| SES # | TOPICS | Cases, Readings, and Videos |
|---|---|---|
| BBNN Framework | ||
| 1 | PROMISE (Part I) | |
| 2 | BBNN: Internal and External Adjustment | [MIM] Chapter 8: BBNN: Basic (PDF). |
| 3 | Short Run Adjustment: ASAD | Rotemberg, Julio J. "Japan: Betting on Inflation?" Harvard Business School Case. Harvard Business School Publishing. Case: 9–714–040, January, 2014. |
| 4 | Automatic Adjustment and External Account Measurement |
Alfaro, Laura, Rafael Di Tella, et al. "The U.S. Current Account Deficit." Harvard Business School Case. Harvard Business School Publishing. Case: 9–706–002, July, 2005. Recommended[FT] Chapter 16: National and International Accounts. |
| 5 | Shocks to BB and NN | [MIM] Chapter 9: BBNN: Shocks (PDF). |
| 6 | Social Peace Line and Political Cycles |
Di Tella, Rafael M., and Eliseo Neuman. "Menem and the Populist Tradition in Argentina." Harvard Business School Case. Harvard Business School Publishing. Case: 9–700–061, March, 2000. |
| 7 | Environmental Restriction Line | [MIM] Chapter 12: BBNN: Sustainability (PDF). |
| 8 | Offshoring Exercise |
Yoffie, David B., and Heather A. Hazard. "New Theories of International Trade." Harvard Business School Case. Harvard Business School Publishing. Case: 9–390–001, July, 1989. [MIM] Chapter 14: Trade: Comparative Advantages (PDF - 1.2MB). Recommended[FT] Chapter 2: Trade and Technology: The Ricardian Model. |
| Economic Policy | ||
| 9 | Fish Banks and Pareto Efficiency | Donald N. Stengel "Managerial Economics- Concepts and Principles 8-Market Regulation." Harvard Business Review. Harvard Business School Publishing. Case: BEP076, June 15, 2011. |
| 10 | Market Faillure: Natural Monopolies: Natural Resources |
Recommended[MIM] Chapter 18: Preliminaries on Public Finance. |
| 11 | Market Faillure: Crime, Corruption, and Institutions | |
| 12 | Market Faillure: Public Goods: Social Security |
Besanko, David, and Saahil Malik. "Reforming Social Security Around the World." Harvard Business Review. Harvard Business School Publishing. Case: KEL493, March 25, 2010. [JG] Chapter 7: Public Goods: Problems and Solutions. Recommended[JG] Chapter 13: Social Security. |
| 13 | Market Faillure: Public Choice: Democracy | [JG] Chapter 9: Implementing Public Goods: Political Economy and Public Choice. |
| 14 | Market Faillure: Externalities: Lobsters and Taxes |
Debaere, Peter. "A Framework to Think About Pollution: Externalities, Pollution Taxes, and Cap and Trade." Harvard Business Review. Harvard Business School Publishing. Case: UV5687. April 26, 2011. [JG] Chapter 5: Externalities: Problems and Solutions. Recommended[JG] Chapter 6: Externalities in Action: Environmental and Health Externalities. |
| 15 | Market Faillure: Unaceptable Outcomes: Poverty and Inequality |
Krugman on Piketty: Solow on Piketty: Summers on Piketty: Recommended[JG] Chapters 12 and 17. |
| New Technologies | ||
| 16 | New Technologies: Cryptocurrencies |
VideoKhan Academy. "Bitcoin: What is it?" May 3, 2013. |
| 17 | New Technologies: Payment Systems | |
| 18 | New Technologies: Economic Measurement | |
| 19 | PROMISE (Part II) | |
| 20 | Life through Others |
VideoTEDx Talks. "How Will You Measure Your Life?" July 17, 2012. |