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  Greater Waterville Area

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EC134A Macroeconomic Principles

Lectures & Discussions
Mondays and Wednesdays 7 - 8:15pm in Diamond 141
  Tuesdays 3 - 4pm in Diamond 122

Professor Michael Donihue    Email address: Michael.Donihue@colby.edu
Office Hours: Mondays and Wednesdays 3 - 4pm
  Tuesdays 1 - 2:30pm
Additional times by appointment.

Course Syllabus:ec134syllabuss08.pdf (Acrobat Reader version)
   Materials on Reserve in the Library

Textbook Resources
Companion Web Site


Announcements & Problem Sets
The Final Exam will be on Sunday, May 18th at 3:30pm in Lovejoy 215
Twin Deficits Problem
  Accompanying charts: Chart 1   Chart 2   Chart 3
Answers to Last Quiz
NAIRU Case Study
Last Problem Set  Answers
Tuesday, April 22nd Eric Rosengren '79, President of the Federal Reserve Bank of Boston spoke to the class during our discussion session
Problem Set #10
Quiz #8
Problem Set #6  Answers
Problem Set #5: From your textbook.
  Questions #1, 3, 9 and 11 on pp. 219-220.
Answers to Quiz #5
Answers to Problem Set #4
Answers to Problem Set #3
Answers to Problem Set #2
Answers to Problem Set #1


Teaching Assistant: Joerose Tharakan
  Office Hours: Sundays 7-8pm in Diamond 341 (Economics Seminar Room)

Old Exams
Exam #2 Spring 1998
Exam #2 Spring 2001

Exam #1 Spring 2001
Exam #1 Jan Plan 2000 Includes Answers !
Exam #1 Spring 1998

Course Outline News & Current Events
Feb 6-20: An Introduction
Chapters 1-6
Notes on calculating growth rates
Excel spreadsheet used in first discussion session
Teenage affluenza in Australia
A note on Chain Weighting calculations for real GDP
Adding up GDP example I did in class on 20-Feb-08

Feb 25-27: Measuring Performance
Chapter 7
2008 Economic Report of the President Growth Accounting
Employment Situation for January 2008
Duration of Unemployment January 2008
Game Theory application to unemployment (Powerpoint slides)

Mar 3-5: Aggregate Spending
Chapter 8

Mar 10-12: Fiscal Policy
Chapter 9
Podcast: Fiscal Policy Multipliers (.mp3)
Podcast: Katrina Multiplier (1.9MB; 4.5 minutes)

Mar 17-19: Imports & Exports

First Exam on Wednesday, March 19th at 7pm in Lovejoy 215

Spring Break - March 22nd through March 30th

Mar 31-Apr 2: The Fed
Chapter 10
Podcast: Bear Stearns Aftermath & the Fed (5.4MB; 13 minutes)
Betting the Bank
The Education of Ben Bernanke
Is monetary policy a potent weapon against recessions?

Apr 7-9: Demand for Money
Chapter 11

Apr 14-16: Linkages
Chapter 12

Second Exam on Wednesday, April 16th at 7pm

Apr 21-23: Aggregate Supply
Chapter 13

Apr 28-30: The Phillips Curve
Chapter 14

May 5-7: International Economics
Selected topics from Chapters 20-22

Final Exam on Sunday, May 18th at 3:30pm in Lovejoy 215

Podcast: Bear Stearns Aftermath & the Fed (5.4MB; 13 minutes)

Bangor Daily News
BBC News
The Boston Globe
Business Week
CNN News    CNN/Money Financial News
The Economist
Financial Times
Maine Public Radio
MSNBC
National Public Radio
The New York Times
Portland Press Herald
The Wall Street Journal
Washington Post
Waterville Morning Sentinel

Data Sources
US Bureau of Economic Analysis
US Bureau of Labor Statistics
US Census Bureau
Council of Economic Advisers
  2008 Economic Report of the President
Economagic.com
Economy.com
  Dismal Scientist
  FreeLunch.com
Exchange Rates
Federal Reserve Board of Governors
  Boston Fed: New England Economic Indicators
  St. Louis Fed: ALFRED    FRASER    FRED
Maine Department of Labor
Maine State Planning Office
OFFSTATS - Official Statistics on the Web
White House Economic Statistics Briefing Room

Blogs & Opinions
Greg Mankiw's blog
Brad DeLong's Website
Angry Bear
Marginal Revolution
Free exchange (The Economist blog)



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Economics Department
5230 Mayflower Hill Drive   Waterville, Maine 04901-8852
T: 207.859.5230   F: 207.859.5229   contact

Wednesday, 07-May-2008 20:32:09 EDT