ECON 222 - Macroeconomic Theory I

Term: Spring 2011


Babak Mahmoudi
Office: Dunning Hall 332
Office Hours: Wednesday 11:30-13:30

T.A.:Tiantian Dai
Office: Dunning Hall 347
Office Hours: Tuesday 10:00-11:30



For question 3 on assignment 2, the initial money supply is M=880. This is not going to affect your answer. So answers with M=700 are also correct.
For question 3 on assignment 2, add the equation for the money market M/P=Y-100i.
Final info (Updated)
A Sample final with answers:
Final 2009
Final 2009 answers 1
Final 2009 answers 2
Two sample finals are posted. Note that these are only for practice:
Final 2008
Final 2007
Midterm answers are posted.
Midterm answers
Sample midterms are posted.
Midterm 2010
Midterm 2010 answers
Midterm exam will be in class on Thur May 26.

Course Slides:

Lecture 1
Lecture 2
Lecture 3
Lecture 4
Math review
Lecture 5
Lecture 6
Lecture 7
Lecture 8
Lecture 9-1
Lecture 9-2
Lecture 10
Lecture 11
Lecture 12-1 (updated)
Lecture 12-2

Exercise Sheets:

Assignment 2 (updated: equation for money market is added for question 3)
Practice web exercise, chapter 8-9 (not for credit)
Assignment 1
Assignment 1-Answers to non-excel questions

Erik Hurst on Housing and Unemployment (starting 11:40 on unemployment)
Joseph Stiglitz on Problems with GDP as an Economic Barometer
Keynes vs. Hayek (Source:

Blogs and Articles:

How Government Prolonged the Depression By Harold Cole, and Lee Ohanian
Ben Bernanke on the impact of oil prices and the U.S. economy.
Casey Mulligan on unemployment 2
Casey Mulligan on unemployment