Author: Arnav

The Stock Market

Since there was some interest into the construction and meaning of the two major indices measuring the stock market, I thought I would write a little about them. The two indices are: The Dow Jones Industrial Average (DJIA) and; The…

What Causes Inflation?

During the last class, one of you asked me what causes inflation. This is an excellent question and, like everything else in (macro)economics there are several theories to explain the process. The classical theory: Assume that the Fed prints more…

Your First Assignment

Your first assignment has been posted (in the side-bar to the right). It is due on Tuesday 2/5. As I mentioned in class yesterday, this assignment has to do with the inverted yield curve and will be equivalent (in terms…

Thursday’s (1/24) Class

Today we touched on the six key variables that macroeconomists examine: Real GDP Unemployment Rate Interest Rate Inflation Rate Stock Market Indices Exchange Rate We did not get to investor preferences (stock vs. bond), or to talking about the exchange…

Are We In a Recession?

The short answer, according to the Wall Street Journal’s Economics Blog, is no: The 87-year-old NBER, a nonprofit group of 600 academic economists, has become the unofficial arbiter of when recessions begin and end. Its definition of a recession: “A…

The Text Book Website

I just added a link to the course website in the sidebar (to the right – under ‘Course Info’). Once you’re there, click on the “Student Edition” link on the left of <em>that</em> website. In the student section, choose a…

Change in Office Hours

There was a scheduling conflict with an office-mate, so the office hours will be on Tuesday 10am-11.30am, NOT 2.30pm-4pm as mentioned in the syllabus. The current syllabus has been updated to reflect this change. Thursday’s hours remain the same (2.30pm-4pm).

Course Syllabus and Powerpoint Slides

The course syllabus had been uploaded to the sidebar (to the right). The Powerpoint slides used in the lectures will also be uploaded to the sidebar, as and when I have finished them. The slides from the class on Tuesday…

The First Post

I still do not have access to the roster, so I cannot send classwide emails, but I am trying to: Get a bigger classroom for all of us (I have limited hope for this); Confirm whether the discussion section is…