Readings

The readings in this course are from the following three sources:

[MIM] = Rigobon, Roberto. Managerial International Macroeconomics (PDF - 4.1MB). (Preliminary and incomplete, March, 2016).

[FT] = Buy at Amazon Feenstra, and Taylor. International Economics. Worth Publishers, 2014. ISBN: 9781429278423.

[JG] = Buy at Amazon Gruber, Jonathan. Public Finance and Public Policy. Worth Publishers, 2015. ISBN: 9781464143335.

SES # TOPICS Cases, Readings, and Videos
BBNN Framework
1 PROMISE (Part I)  
2 BBNN: Internal and External Adjustment [MIM] Chapter 8: BBNN: Basic (PDF).
3 Short Run Adjustment: ASAD Rotemberg, Julio J. "Japan: Betting on Inflation?" Harvard Business School Case. Harvard Business School Publishing. Case: 9–714–040, January, 2014.
4 Automatic Adjustment and External Account Measurement

Alfaro, Laura, Rafael Di Tella, et al. "The U.S. Current Account Deficit." Harvard Business School Case. Harvard Business School Publishing. Case: 9–706–002, July, 2005.

Recommended

[FT] Chapter 16: National and International Accounts.
5 Shocks to BB and NN [MIM] Chapter 9: BBNN: Shocks (PDF).
6 Social Peace Line and Political Cycles

Di Tella, Rafael M., and Eliseo Neuman. "Menem and the Populist Tradition in Argentina." Harvard Business School Case. Harvard Business School Publishing. Case: 9–700–061, March, 2000.

[MIM] Chapter 11: BBNN: Social Peace (PDF).
7 Environmental Restriction Line [MIM] Chapter 12: BBNN: Sustainability (PDF).
8 Offshoring Exercise

Yoffie, David B., and Heather A. Hazard. "New Theories of International Trade." Harvard Business School Case. Harvard Business School Publishing. Case: 9–390–001, July, 1989.

[MIM] Chapter 14: Trade: Comparative Advantages (PDF - 1.2MB).

Recommended

[FT] Chapter 2: Trade and Technology: The Ricardian Model.
Economic Policy
9 Fish Banks and Pareto Efficiency Donald N. Stengel "Managerial Economics- Concepts and Principles 8-Market Regulation."  Harvard Business Review. Harvard Business School Publishing. Case: BEP076, June 15, 2011.
10 Market Faillure: Natural Monopolies: Natural Resources

Recommended

[MIM] Chapter 18: Preliminaries on Public Finance.
11 Market Faillure: Crime, Corruption, and Institutions  
12 Market Faillure: Public Goods: Social Security

Besanko, David, and Saahil Malik. "Reforming Social Security Around the World." Harvard Business Review. Harvard Business School Publishing. Case: KEL493, March 25, 2010.

[JG] Chapter 7: Public Goods: Problems and Solutions.

Recommended

[JG] Chapter 13: Social Security.
13 Market Faillure: Public Choice: Democracy [JG] Chapter 9: Implementing Public Goods: Political Economy and Public Choice.
14 Market Faillure: Externalities: Lobsters and Taxes

Debaere, Peter. "A Framework to Think About Pollution: Externalities, Pollution Taxes, and Cap and Trade." Harvard Business Review. Harvard Business School Publishing. Case: UV5687. April 26, 2011.

[JG] Chapter 5: Externalities: Problems and Solutions.

Recommended

[JG] Chapter 6: Externalities in Action: Environmental and Health Externalities.
15 Market Faillure: Unaceptable Outcomes: Poverty and Inequality

Krugman on Piketty:
Krugman, Paul. "The Piketty Panic," The New York Times, April 24, 2014.

Solow on Piketty:
Solow, Robert M. "Thomas Piketty Is Right." New Republic, April 2014.

Summers on Piketty:
Summers, Lawrence H. "The Inequality Puzzle." Democracy, no. 33 (2014): 696.

Recommended

[JG] Chapters 12 and 17.
New Technologies
16 New Technologies: Cryptocurrencies

Video

Khan Academy. "Bitcoin: What is it?" May 3, 2013.
17 New Technologies: Payment Systems  
18 New Technologies: Economic Measurement  
19 PROMISE (Part II)  
20 Life through Others

Video

TEDx Talks. "How Will You Measure Your Life?" July 17, 2012.