Pascal Michaillat

intermediate macroeconomics


author・Pascal Michaillat
date・December 2018
school・Brown University
permalink・https://www.pascalmichaillat.org/t2.html

teaching material

course overview・This course explores core topics in macroeconomics, including national statistics, consumption and saving,  unemployment,  inflation, business cycles, monetary and fiscal policy,  economic growth, and population dynamics. The course discusses short-run and long-run economic fluctuations in the United States and abroad. It also presents models describing such fluctuations: the IS-LM model of business cycles, the matching model of unemployment, models of inflation, the Malthusian model of preindustrial growth, and the Solowian model of modern growth.

MAcroeconomic concepts


​lecture slides 0・Overview
lecture ​slides 1・The World
lecture slides 2・Defining GDP
lecture slides 3・GDP over Time
lecture slides 4・Composition of GDP
lecture slides 5・Inflation
lecture ​slides 6・Unemployment

IS-lm model of business cycles


​lecture slides 7・Expenditure Function
lecture slides 8・IS Submodel
lecture slides 9・LM Submodel
lecture slides 10・OMO, ZLB, Money Multiplier
lecture slides 11・IS and LM curves
lecture slides 12・Recessions
lecture slides 13・Monetary and Fiscal Policy

matching model of unemployment


lecture ​slides 14・Matching Function
lecture slides 15・Labor Supply
lecture slides 16・Labor Demand
lecture slides 17・Wages
lecture slides 18・Equilibrium
lecture slides 19・Policies
lecture ​slides 20・Unemployment Types

​reference 1・Do Matching Frictions Explain Unemployment? Not in Bad Times
reference 2・A Macroeconomic Approach to Optimal Unemployment Insurance: Theory

models of inflation


​lecture slides 21・Phillips Curve and Quantity Theory

malthusian model of growth


​lecture slides 22・Overview
lecture slides 23・Population
lecture ​slides 24・Output per Worker

reference 3・Dynamics and Stagnation in the Malthusian Epoch

solowian model of growth


lecture slides 25・Production and Saving
lecture slides 26・Output per Worker
lecture slides 27・Golden Rule
lecture slides 28・Technological Progress
lecture ​slides 29・Balanced Growth