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Andrew K. Rose: Global Macroeconomics (BA201b) Resources


Dean and Distinguished Professor

Telephone: +65 6516-3075

On leave from:

Bernard T. Rocca Jr. Professor of International Business
Economic Analysis and Policy

URL: http://faculty.haas.berkeley.edu/arose

Business School

15 Kent Ridge Dr., Singapore 119245

Haas School of Business 

University of California, Berkeley   

Berkeley, CA 94720-1900

National University of Singapore

E-mail: bizdean@nus.edu.sg

Telephone: 510-642-6609

Facsimile: 510-642-4700

E-mail: andrewkrose@berkeley.edu


Last updated: July 1, 2019

International Macro Rocks!  A (very) few other teaching materials and links, are available at my teaching page.


I used to teach core “Macroeconomics in the Global Economy” BA201b (check out “Best Course”). In 1999 and 2012, I won the Cheit Award for Outstanding Teaching in the Haas MBA program (I was also a finalist in 1993, 1994, 1996, 2001, and 2008).  I have inspired haiku while teaching the neoclassical growth model (and another while teaching the business cycle model), and also an in-class Bingo game.


Please help me improve the information provided here!  You get an automatic bonus point for suggesting a significant improvement (pointing out "link-rot" doesn't count), or being the first to find something important that’s omitted or in error on this website (or the course syllabus/outline) .


Global Macroeconomics students can obtain the following:


Summaries and Key Concepts 


I organize the course into a number of different topics, and have prepared short summaries for each.  The relevant chapters in Mankiw (9th edition) are given in parentheses; short PDF files that summarize the key concepts are available for each topic.  You can use these in advance of the class, in class, or for review (I tend not to use overhead projections).  Note that some of these files contain extra material that  may not be used in class.  If you find an error in one and let me know, you get an automatic bonus point. 

How to Use these Summaries.  What follows below are only summaries; they are intended to be complements to the textbook, not substitutes.  They are sparse (so that you can add your own notes easily); they have little data (that is distributed separately); they are not comprehensive (that's what the text is for).  Please use these notes appropriately!


There’s a file of introductory material.

1.     Key Concepts and Critical Distinctions (1,2)


Long-Run Relationships


2.     Production, Distribution, and Spending (3)

3.     Long-Run Growth and Productivity (8,9)

4.     Natural Rate of Unemployment (7)

5.     Money, Bonds, Interest Rates and Inflation in the Long Run (4,5)

6.     The Balance of Payments, Capital and Trade Flows with Flexible Exchange Rates (6)


Business Cycles


7.     Business Cycles in an Aggregate Model: Money and Oil shocks (10)

8.     The Multiplier Model and Fiscal Policy (10,11)

9.     The IS-LM Model in a closed economy (11,12)

10.  The Mundell-Fleming (Open Economy IS-LM) model with fixed exchange rates (13)

11.  The Mundell-Fleming (Open Economy IS-LM) model with flexible/floating exchange rates (13)

12.  International Macroeconomic Arrangements: Choice of Exchange Rate Regime

13.  Aggregate Supply and the Phillips Curve (14)

14.  Economic Policy (18)

o        Summary Notes on EMU are available


There’s also a file for the macro themes that run through the course.

Optional Problem Set Exercises are available, organized by topic.