Welcome to the homepage of Elements of Economic Analysis IV. In it you will find useful resources for the course, including meeting time and place, class and TA session schedule, syllabus, problem sets, sample exams, solutions, contact information, links to related sites, and important announcements.

Announcements

• The course syllabus is here and the lecture schedule is here.

• Victor's office hours are Thursdays at 7:00 p.m. in the C-Shop, and Ernesto's TA office hours are on Wednesdays at 6:00 p.m. at the fourth floor of the Reg.

• Nov/24/01.Problem Set 5 (Last one!) has been posted.

Lecture Notes

• Chapter 10: General Equilibrium of a Production Economy (PDF)
• Chapter 11: The Planner's Problem (PDF)

Course Material

Week 1. The Structure of General Equilibrium Models

• Robert E. Lucas Jr. (1988): "What Economists Do". Unpublished manuscript, University of Chicago. [ PDF]
• "The Grabbing Hand," The Economist, February 13, 1998. [PDF]
• F. A. Hayek, "The Use of Knowledge in Society," The American Economic Review, Volume 35, Issue 4, September 1945, pp. 519-530 [ PDF]

  Week 2. International Trade

• Krugman, Paul (1987), "Is Free Trade Passe?," Journal of Economic Perspectives 1:131-44. [ JSTOR]
• Frederic Bastiat, "Petition" [HTML]

  Week 3. Labor Markets

• Coming soon

  Week 4. Growth

• Paul Krugman (1994): "The Myth of Asia's Miracle". Foreign Affairs, November 1994. [HTML]
• Mankiw, N.G, D. Romer and D.N Weil, "A contribution to the empirics of economic growth", QJE, 107, 2 (May), 407-437. [ PDF]
• Paul Romer, "Economic Growth", in the Fortune Ecyclopedia of Economics [HTML]

  Week 6. The Government Budget Constraint

• David Romer, "Ricardian Equivalence", from Advanced Macroeconomics, Mc Graw-Hill Eds. [Coming soon]

  Week 7. Government Expenditures

• Kotlikoff, Laurence and Willi Leibfritz (1998), "An International Comparison of Generational Accounts," NBER working paper 6447. [PDF]

  Week 8. Taxation

• Casey Mulligan (1996): "With the Flat Tax, Common Sense is Better than an Economist." [HTML]
• Frederic Bastiat, "Taxes" [Doc]

  Week 9. Monetary Economics

• Friedman, Milton (1968): "The Role of Monetary Policy". American Economic Review 58(1), 1-17. [ PDF]

  Week 10. Fiscal and Monetary Policy

• "Big Mac Currencies," The Economist, April 3, 1999. [PDF]
• Kenneth Rogoff, "The law of one price" [Coming soon]
• Peter Diamond, "Proposals to restructure Social Security", in Journal of Economic Perspectives 1996. [PDF]