Assessment
Quizzes & exams
Three short quizzes, a midterm, a group project and a final. Quizzes are held at the start of class; the midterm covers the first half, the final the second. Dates and coverage are below.
Attendance 12%
Quizzes 20%
Midterm 20%
Group project 18%
Final 30%
Check your Quiz 1 result
Enter your first name, last name, or full name and see only your own Quiz 1 total result.
Check your Quiz 2 result
Enter your first name, last name, or full name and see only your own Quiz 2 total result.
Assessment schedule
| Date | Assessment | Weight |
|---|---|---|
| Thu 2 Jul | Quiz 1 | 7% |
| Wed 8 Jul | Quiz 2 | 7% |
| Fri 10 Jul | Midterm Examination | 20% |
| Tue 14 Jul | Quiz 3 + Presentation Information | 6% |
| Thu 16 Jul | Group Project Presentations | 18% |
| Fri 17 Jul | Final Examination | 30% |
Coverage
Midterm · Lectures 1–6
- Measuring the economy: GDP, the expenditure identity, real versus nominal, the ratio scale.
- Long-run growth: the production model, development accounting and total factor productivity; the Solow model, its steady state and convergence.
- Why Solow is not enough: ideas as a non-rival input, the Romer model of growth from ideas, and the Jones correction.
- The labour market and the natural rate; inflation, money neutrality and the Fisher equation.
Final · Lectures 8–10
- The IS–MP–Phillips model; the zero lower bound; the Taylor rule and disinflation.
- Stabilisation policy in AS/AD; the risk-premium wedge, deflation and quantitative easing.
- Government budgets and debt dynamics: the
(r − g)snowball, sustainability and fiscal policy.
Group project
In small groups you take a macroeconomic question of your own and answer it with the tools of the course, on real data for a country or episode. You hand in a short write-up and present your findings on Thursday 16 July. Marks reward a clear question, a model used correctly, honest use of the data, and a conclusion you can defend.
What to submit. A short report and a slide deck, with the figures and the growth or debt arithmetic behind your analysis. Choose a country, a crisis or a policy episode and put a model to work on it.
Exam materials
Papers and solutions are posted here after each assessment has been sat. Quiz 1 and Quiz 2 are available below; Quiz 3, the midterm and the final will appear once each has taken place. You can also revise from the lecture slides and the in-class activities.
Shanghai · China
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