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Created 12/1/1997
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Economics 202b Syllabus Sketch

J. Bradford DeLong
delong@econ.berkeley.edu
http://www.j-bradford-delong.net

Current plans are for me to co-teach Econ 202b in the fall of 1998 with Maury Obstfeld.


If we have extra time, and things go very fast, we might expand Econ 202a to include:


VII. Labor Markets

Unemployment

David Romer, Advanced Macroeconomics, pp. 439-61.
Janet Yellen (1984), "Efficiency Wage Models of Unemployment," American Economic Review 74: pp. 200-05.*
Carl Shapiro and Joseph Stiglitz (1984), "Equilibrium Unemployment as a Worker Discipline Device," American Economic Review 74: pp. 433-44.*

 

Unemployment and "Hysteresis"

David Romer, Advanced Macroeconomics, pp. 461-73.
Olivier Blanchard and Lawrence Summers (1987), "Hysteresis in Unemployment," European Economic Review 31: pp. 288-95.*
Martin Baily (1974), "Wages and Unemployment under Uncertain Demand," Review of Economic Studies 41: pp. 37-50.

 

Search and Matching Models

David Romer, Advanced Macroeconomics, pp. 473-81.
Christopher Pissarides (1985), "Short Run Dynamics of Unemployment, Vacancies, and Real Wages," American Economic Review 75 (September): pp. 676-690.
Olivier Blanchard and Peter Diamond (1989), "The Beveridge Curve," Brookings Papers on Economic Activity 1: pp. 1-60.

 

Job Creation and Destruction: Patterns of Wage Changes

David Romer, Advanced Macroeconomics, pp. 481-86.
Lael Brainard and David Cutler (1993), "Sectoral Shifts and Cyclical Unemployment Reconsidered," Quarterly Journal of Economics 108: pp. 219-43.
Steven Davis and John Haltiwanger (1992), "Gross Job Creation, Gross Job Destruction, and Employment Reallocation," Quarterly Journal of Economics 107: pp. 819-63.
Lawrence Katz and Kevin Murphy (1992), "Changes in Relative Wages, 1963-87: Supply and Demand Factors," Quarterly Journal of Economics (February): pp. 35-78.
Alan Krueger (1993), "How Computers Have Changed the Wage Structure: Evidence from Microdata, 1984-1989," Quarterly Journal of Economics (February): pp. 33-60.

 

If not, labor markets will go into the hopper for Econ 202b along with the following:


A sketch of what Economics 202b (Fall 1998) might include:

(Of course, only three out of the five topics could possibly fit.)

International finance

Labor Markets

Understanding aggregate consumption

Understanding aggregate investment

Nominal adjustment once again

Asset markets

Productivity at cyclical frequencies


Professor of Economics J. Bradford DeLong, 601 Evans, #3880
University of California at Berkeley
Berkeley, CA 94720-3880
(510) 643-4027 phone (510) 642-6615 fax
delong@econ.berkeley.edu
http://www.j-bradford-delong.net/

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