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Enron Mail |
Dear Macro class,
This message concerns the first macroeconomics class, which will be held next week October 21, 22 in C210. Please read in the textbook "The Science of Macroeconomics" and "The Data of Macroeconomics," Mankiw Chapters 1 and 2. You should start receiving the Financial Times a few days before class begins. If you do not receive your first copy before class begins, please contact Shawn Allison (allison@haas). Homework zero. Please do before first class, but do not hand in: 1. List three ways in which GDP over- or understates a nation's typical standard of living. 2. List 2 reasons why the CPI might over- or understate the true inflation rate. 3. What are 3 reasons why it matters if the CPI is accurate? 4. Please look in the Financial Times and find a story that fits your name. A) If your first name begins with A-D, find a story concerning why living standards and output per capita differ so much between one or more richer and poorer countries. B) If your first name begins with E-K, find a story concerning persistently high or low unemployment and inflation. C) If your first name begins with L-O, find a story concerning interest rates and central bank policies. D) If your first name begins with P-S, find a story concerning exchange rates and one or more of trade deficits, the current account, or capital mobility. E) If your first name begins with T-Z, find a story concerning government macroeconomic policy and/or corruption. I look forward to meeting you all in a few days. Good luck on your finals this week. Pleas remind classmates to sign onto the email alias e201b-1 or e201b-2 (they are identical), as only 39 people total have signed up. Till soon, - David David I. Levine Associate professor Haas School of Business ph: 510/642-1697 University of California fax: 510/643-1420 Berkeley CA 94720-1900 email: levine@haas.berkeley.edu http://web.haas.berkeley.edu/www/levine/
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