Macroeconomics & Global Economy
UG BPEP-UB 002 and MBA COR1-GB 2303
Professor David Backus
This course is about countries: their economic and business environments, their policies, and their performance. We will learn where to find data about countries and how to use it to assess economic and business conditions, now and in the future. Topics include long-term economic performance (why is Germany more prosperous than Greece? what are the challenges of doing business in China and India?), short-term fluctuations (where is the US economy headed in the next twelve months?), and macroeconomic crises (what's going on in Europe?). The course should be useful background for anyone involved in international business, finance, consulting, and lots of other things.
Please see the syllabus for grading, norms, and other process information and the outline for a class-by-class list of topics, short summaries, and links to assignments and slides.
Me: firstname.lastname@example.org; office KMC 7-68 (7th floor of Kaufman Management Center, right out of the elevator, through the doors, left at the wall, fourth office on the right).
Please note the due dates on the outline page. These dates are fixed and not negotiable.
Before the first class
1. Sign up for Announcements & Discussion, a Google Group devoted to the course. Announcements will be posted there; you won't get them unless you sign up.
2. Order The Economist (student subscriptions, alternative link, 51 weeks recommended, my faculty id is 4724). Many enjoy the digital access options.
3. Skim the Math Review to remind yourself how logarithms, derivatives, and spreadsheets work. We will be using these tools from day one.
Book (aka the "notes") (I'll hand out a copy in the first class)
NYU Stern econ blog (economic commentary on current events)
My macroeconomic asset pricing course (more technical than this one)
Minneapolis Fed interviews of economists (these are great)
Our sign: #nyuecon
Open source approach to course materials
If you're teaching a similar course and would like to use the materials, the complete collection is posted in two GitHub repositories, one for the book, the other for everything else -- slides, cases, problem sets, code, etc.