Economics 390: Topics in Macroeconomics

This site provides resources for students in Economics 390 at the University of Wisconsin, Madison for Fall 2013 Semester

Source:"A Storm That Reshaped the U.S. Economy," WSJ 5 Sep 2013.

Syllabus | Academic Misconduct | Important Dates | Downloadable Course Materials and Information Sources | Department of Economics Robert M. LaFollette School of Public Affairs |

LECTURE: MW 2:30-3:45, SocSci 6203

Professor Menzie Chinn
Office Hours: M 1-2; W 4-5
Office: 7418 Social Sciences Bldg.
Phone: (608) 262-7397
email: mchinn [at]
Home Page

Teaching Assistant
Edward Zhong
Office Hours: Th 12:15-2:15
Office: 6413 Social Sciences Bldg.
email: eyzhong [at]
Econ 390 TA website

Course Syllabus

Econ 390 Syllabus in PDF file.

This course will address current issues in modern macroeconomic policymaking, including: (1) The efficacy of fiscal policy, (2) conventional and unconventional monetary policy at the zero lower bound, (3) post balance sheet crisis recoveries, (4) the global saving glut and global imbalances, (5) determinants of sovereign debt crises, and (6) the euro area crisis.

A portion of the course will address the analysis and implications of financial regulation or non-regulation, especially in regard to the financial crisis of 2008. Prerequisites: Econ 301/311 and 302/312, Econ 310. If you have completed Econ 410 with a prior statistics course other than 310, you can enroll with my authorization.

The required textbook is Blanchard and Johnston, Macroeconomics 6/e (Prentice-Hall, 2012). Other required readings are listed below. In addition, some readings from Econbrowser will be assigned.

For background, I have placed Mishkin, The Economics of Money, Banking and Financial Markets (9/e), and Hester, The Evolution of Monetary Policy and Banking in the US on reserve.

Notes Regarding Academic Misconduct

Academic Integrity is critical to maintaining fair and knowledge based learning at UW Madison. Academic dishonesty is a serious violation: it undermines the bonds of trust and honesty between members of our academic community, degrades the value of your degree and defrauds those who may eventually depend upon your knowledge and integrity. Examples of academic misconduct include, but are not limited to: cheating on an examination (copying from another student's paper, referring to materials on the exam other than those explicitly permitted, continuing to work on an exam after the time has expired, turning in an exam for regrading after making changes to the exam), copying the homework of someone else, submitting for credit work done by someone else, stealing examinations or course materials, tampering with the grade records or with another student's work, or knowingly and intentionally assisting another student in any of the above. The Dept. of Economics will deal with these offenses harshly following UWS14 procedures (

1. The penalty for misconduct in most cases will be removal from the course and a failing grade,

2. The department will inform the Dean of Students as required and additional sanctions may be applied.

3. The department will keep an internal record of misconduct incidents. This information will be made available to teaching faculty writing recommendation letters and to admission offices of the School of Business and Engineering.

If you think you see incidents of misconduct, you should tell your instructor about them, in which case they will take appropriate action and protect your identity. You could also choose to contact our administrator and your identity will be kept confidential.

Important Dates

Course Materials and Sources of Economic Information

Downloadable Course Materials

Required On-line Readings

Additional Optional Readings

News Reports/Additional Readings

Tracking the Crisis and Recession

Weblogs and Perspectives

Economics and Economic Policy Links

International Organizations

U.S. Government Agencies

Current and Historical Data

Economics 390 Topics in Macroeconomics / UW Madison / / 8 December 2013