Announcements
EXAM 1: TBD
Recitations
CONCEPTS (C) & DISCUSSIONS (D)
Exams, Quizzes, and other course duties take precedence. These may cancel recitations and discussions on any given day. Keep checking this website for frequent updates to the schedule.
Tr Sep 10 - (Chapter 1) C1. Define and explain the national debt | C2. Explain the composition of the debt | C3. Explain the national budget | D1. How is the federal debt related to the macroeconomy? How has it been financed? Is future financing a problem for the U.S.?
Tu Sep 15 - (Chapter 2) C1. Briefly explain the Federal Reserve Act | C2. Define monetary aggregates (simple sum) | C3. Explain the Divisia monetary aggregate | D1. Discuss advantages and disadvantages of the Federal Reserve tracking monetary aggregates?
Additional resources
Bank of England measures Divisia aggregates
Federal Reserve does not measure Divisia aggregates. The CFS does this for the U.S.
More on the power of tracking and understanding monetary aggregates (monetarism)